Ethereum provides the infrastructure and Polygon provides the same infrastructure at higher scalability. But IMO the biggest growth potential right now is in the protocols that build on top and XMVC is just one of them.
XVMC is a "full-stack" protocol made to evolve and this is how it works:
- It actually is a DAO
- The main goal is to create a valuable protocol/currency
- to earn staking rewards, users must lock up their tokens (a time deposit/CD)
- the longer you lock the tokens for, the higher rewards and more voting power you receive
- the locked up stakers create the governing council
- This creates the decentralization - a consensus mechanism that governs the whole protocol and allows it to be updated and evolve without any one single party in control
- Users act as oracles that regulate the system ( the inflation, rewards, events, fees, bonuses,...)
- When businesses grow in value, they provide additional services. Similar could happen on the protocol level
- Protocol itself holds meme tokens and NFTs to create narratives that could make it more valuable(it gives you exposure to MEMES and NFTs)
It might be hard to understand but all of these things are a big deal.
1.) Time deposits are the biggest markets in the world(worth more than gold AND bitcoin combined)
2.) The only thing that impacts the price of any asset are buyers and sellers - through
a time deposit(locking tokens) potential sellers are being removed and new users are attracted through periods of boosted rewards(APYs) - perfect recipe for price growth
3.) It provides an extremely valuable service. 90% of people are in crypto for the money and financial freedom. The protocol creates new opportunity to create wealth and generate staking interests at the same time - A service that is in strong demand and what most people are looking for(but instead they are getting screwed on yield farms!).
4.) It's decentralized, it utilizes oracles, it works as a currency, it has it's own governance and consensus model, it creates a new and incentivized system for collaboration
It has all the fundamental qualities you would want in a cryptocurrency, and all of these things also happen to be the best for price appreciation. You can do the best possible thing and benefit the most at the same time.
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