Token Bets on Digital Trading
Hello everyone, Greetings Steem-Blockchain!
Before I talk further about Steem / Steemit or anything on the Steem platform. first I want to say hello to all of you who have already been at Steemit. How are you all? I hope this is a good start for me to establish a relationship and make a valuable contribution to every discussion in my post. as the first post I want to understand more about tokenomics and the stakes. for that I want to invite friends to exchange ideas in understanding this rubric. as we all know that tokens traded on the blockchain market are very abundant with varying prices. each token issued by a digital platform on the blockchain is a native currency platform where each follower gets access to various products & services offered on the platform or by playing a different role on it, in other words, a token is a platform currency, which is circulating among his followers. when tokens are traded, the value of the token is made like what happens in the real world with fiat currency. The difference is that the token transfer occurs from a colleague's wallet to another colleague's wallet. whereas, with fiat currency, in almost all cases, value transfers occur through intermediaries such as banks. So, a platform that has a token base combines the advantages of blockchain technology where tokens are issued, transacted, recorded and stored, with a platform-based business model. As stated in Steem-engine that the use of tokens is usually limited within the platform limits and cannot be used on other token platforms because they have their own original tokens. this also applies to the majority of fiat currencies, whose use only extends to the issuing country's borders..
the benefits of using bets to design interactions between followers and platforms.
1. Can increase the token utility.
2. Provides incentives for users to hold a number of tokens as a balance.
3. Allows the platform to overcome speed problems because with each transaction, the circulation of tokens will increase.
4. Provides incentives for users to behave properly on the platform to avoid losing the token at stake.
5. Users can do token tokens as an act of reducing the supply of tokens, assuming that the constant demand for token prices will increase.
Investation.
A more interesting discussion when people ask about investments, can tokens be invested?
sometimes people only understand that high-value objects can be invested. like land, gold, money etc. I agree that not a few people who do not understand about digital currencies, including tokens.
Tokens are very much related to the economy of tokens, because tokens are the original currency used by followers or users to exchange values on the platform. This implicitly suggests the role of platform owners as government actors in setting rules, designing interactions and providing different incentives for followers to take advantage of the platform ecosystem.
there are two ways to see the role of tokenomics in two different phases such as 1. tokenomics during pre-ICO, the ICO phase and, 2. when the platform starts airing.
In a blockchain that uses a PoS system - as opposed to proof-of-work (PoW) - nodes in the network involved in validating a block, a deterministic algorithm selects a block validator based on the number of tokens given by nodes in their wallets stored as collateral to compete to add blocks to the next chain.
Bloomberg
As Bloomberg reports, risking ownership in the PoS network can result in returns from 5 to as high as 150 percent, depending on the size of the participant's shares. This offers investors the opportunity to earn interest from their ownership, as long as they are willing to lock in their funds to maintain - and potentially benefit from - the blockchain network that is provided.
Kyle Samani, managing partner at Multicoin Capital Management crypto funds, believes that:
"Regardless of market conditions, staking provides returns denominated in the asset being staked. If you’re going to be long, you might as well stake."
As reported, crypto staking startup Staked — which targets institutional PoS token investors — has just announced the closure of a $4.5 million seed funding round, led by Pantera Capital. Other participants of the round included major industry firms such as Coinbase Ventures, Digital Currency Group and Winklevoss Capital.
Source
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