- What makes the price go up(or down)?
The only thing that determines price of any asset are the buyers and sellers. The most you can do to preserve and help the price appreciate is to remove potential sellers(get them to lock up their tokens) and attract new buyers(through periods of boosted rewards).
2.) What are people looking for in a Cryptocurrency?90%+ of the people are not in it for the technology, but for them gains and financial freedom. Everyone wants exposure to cryptocurrencies that are known for the x100, x1000, x10000 gains. And at the same time everyone would like to earn "passive income"/additional yield which can be done through staking.
3.) What made cryptocurrencies so valuable in the first place?What Bitcoin did is it eliminated the need for a trusted third party. No longer would you need a centralized entity(such as bank) to keep track of the records. Bitcoin made data available on a public ledger - called blockchain. The accuracy of the data is ensured through cryptography and mathematics(miners need solve arbitrary math equations to ensure security of the network).So what makes them valuable is Decentralization, Scarcity, alternative to traditional currencies and FIAT system, as well as a new form of governance and collaboration.
The goal when creating XVMC protocol was to create something that would appreciate in value. This is achieved as a time deposit(certificate of deposit) - the protocol encourages long term thinking. The ability to delay gratification(give up momentary pleasure now, to achieve something later) has been scientifically proven to be the greatest indicator of future success(google Marshmallow test). The buy and hold(passive approach) tends to be the most successful strategy. Long term investors get rich, short term speculators get rekt.
In order to earn staking rewards, you must lock up your tokens. By doing so, users collectively remove supply from the market and create scarcity. New buyers are attracted through periods of boosted rewards. Remove potential sellers, create new buyers - the perfect recipe for explosive growth and adoption.It serves the market - it's potentially a new wealth creation opportunity. It can become extremely valuable because it provides a valuable service everyone is looking for - a system that works in your favor, gives you exposure to cryptocurrencies as the highest appreciating assets, as well as earns you additional yield through staking.
It's made to be decentralized - consensus of the system(a way of reaching agreements to upgrade the protocol in decentralized manner) is reached through voting of locked-up stakers.Users act as oracles(trusted third parties that relay real world data to the blockchain) regulating the system(infaltion, rewards, events, boosts, fees, bonuses,...). It acts as a currency and it's own financial system(time deposits are the biggest money market in the world, worth more than gold, bitcoin and all payment methods combined!).It's made to create scarcity on the long term and it's made to be upgraded & evolve over time.
To serve the narratives and capitalize on the hype, NFTs and MEME tokens are included(the protocol can hold both of them).
You should feel like you've just discovered a goose that can lay golden eggs. It's a new opportunity. Cryptocurrencies can and do x1,000, x10,000 and even more. It is risky and it could go to 0. But imagine actually being an early adopter in a project. The early adopters tend to get rewarded beyond wildest imagination.A lot of people think it is a scam/joke, but it is actually the exact opposite. It is an opportunity.Don't get distracted by the name(Mac&Cheese). Until recently, Apple used to be the #1 most valuable company in the entire world. Fruit(food) names tend to work very well - Pancake, Sushi, Apple. It needs not make sense in order to get your attention. You will probably never forget Mac&Cheese - just because how ridiculous it sounds. It's an universal concept - anything that can get attention, tends to attract value(just look at Kardashians)
If you do not want to take any risks, but you already own crypto you can still get in for free, but there are people who claim with tens of millions of crypto, so you are likely to get very little.It's an opportunity that is extremely hard to come across, as development is very expensive and the projects tend to get funded by VCs and early investors and by the time tokens hit the market, they already create a x100(if not higher) returns. This is different. You are the first to get in and it is made to scale indefinitely.https://macncheese.finance/
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