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1. I don't like to talk about the price, but i guess it's time to talk about it!
Maybe I am too bullish on $FTM, but there is no reason not to be bullish on $FTM! Let's start!
Maybe I am too bullish on $FTM, but there is no reason not to be bullish on $FTM! Let's start!
2. For understanding the #cryptocurrency price, we first need to understand why it has value.
There are 3 main actors for every cryptocurrency:
1- Consumer (needs the token for a purpose)
2- Investor (wants to take profit)
3-Provider (miner or staker)
There are 3 main actors for every cryptocurrency:
1- Consumer (needs the token for a purpose)
2- Investor (wants to take profit)
3-Provider (miner or staker)
3. Consumer wants price to be as low as possible, if it becomes too high, he/she won't consume anymore, and it results in low adoption.
Investor and provider wants price to go as high as possible.
Investor and provider wants price to go as high as possible.
4. It's a dilemma, and it's hard to make all the actors happy. They will only be happy if:
-Providers have good incentives to provide
-Investors can see the price go moon
-Usage/transactions are as cheap as possible
-Providers have good incentives to provide
-Investors can see the price go moon
-Usage/transactions are as cheap as possible
5. And for a token to have value, it has to have continious consumers and demand. I call this base value.
And many coins don't have this base value. For example #bitcoin
didn't have this at first, but people gave #bitcoin a value because it's a hedge against inflation.
And many coins don't have this base value. For example #bitcoin
didn't have this at first, but people gave #bitcoin a value because it's a hedge against inflation.
6. But if people think #bitcoin doesn't worth anything, it won't worth anything. The same goes for #fiat too.
Don't get me wrong, i want #bitcoin to be the world's base money for the greater good, but trying to state some facts.
doesn't worth anything, it won't worth anything. The same goes for #fiat too. Don't get me wrong, i want #bitcoin
to be the world's base money for the greater good, but trying to state some facts.
7. But $FTM has a base value. For example there are 3 pilots running on Afghanistan, and the government and companies need to pay $FTM to get service.
Even if people around the world thinks $FTM has no value, providers and consumers can live happily. https://fantom.foundation/blog/ansa-fantom-blockchain-issuance-program/
Even if people around the world thinks $FTM has no value, providers and consumers can live happily. https://fantom.foundation/blog/ansa-fantom-blockchain-issuance-program/
8. By the way, market still didn't respond to this.
I don't know how the market didn't respond to this. https://fantom.foundation/blog/fantom-presenting-to-united-nations-cbdc-and-stablecoin-teams/
I don't know how the market didn't respond to this. https://fantom.foundation/blog/fantom-presenting-to-united-nations-cbdc-and-stablecoin-teams/
9. So the base value is there, and transactions are so cheap that consumers won't be affected. (+)
Yearly APR is up to %14, it's good incentive to make providers happy. (+)
The only thing left that we need to make investors happy. How?
YIELD FARMING.
PROTOCOL INTEGRATIONS.
Yearly APR is up to %14, it's good incentive to make providers happy. (+)
The only thing left that we need to make investors happy. How?
YIELD FARMING.
PROTOCOL INTEGRATIONS.
10. In the last 2 weeks, http://popsicle.finance launched the airdrop on #fantom! And for me it's so important because if you use #Sushiswap on Fantom Opera Mainnet, I don't know how you can go back to other chains.
1-2 sec swaps with 0.00001$ fees.
1-2 sec swaps with 0.00001$ fees.
11. @Modefi_Official announced their staking was live on #fantom opera too! The same goes for them! https://twitter.com/Modefi_Official/status/1377365114043572226?s=20
12. Every day, tens of contracts are deployed on the network too! And #nft is also coming
You can see the verified contracts on https://ftmscan.com/contractsVerified
You can see the verified contracts on https://ftmscan.com/contractsVerified
13. As new projects come to the mainnet, people will buy $FTM from centralized exchanges (CEX), and use them on decentralized exchanges(DEX).
This will make $FTM supply on CEX go too low and demand will still be high.
And the result?
Basic economics.
This will make $FTM supply on CEX go too low and demand will still be high.
And the result?
Basic economics.
15. And developing on #fantom feels just like developing on #ethereum except 2 things.
@etherscan team built the http://ftmscan.com , almost the same explorer.
Fantom is EVM/solidity compatible.
What's the exceptions?
Tx almost costs zero and happen in 1-2secs.
@etherscan team built the http://ftmscan.com , almost the same explorer.
Fantom is EVM/solidity compatible.
What's the exceptions?
Tx almost costs zero and happen in 1-2secs.
16. And let's look at some graphs. Maybe they can give us some idea.
17. And $FTM marketcap is $1.1B. It feels still too early.
For comparison:
$XRP has $45B
$ADA has $38B
$DOGE has $8B
I almost wrote $BSC too but forgot about @cz_binance's reach.
For comparison:
$XRP has $45B
$ADA has $38B
$DOGE has $8B
I almost wrote $BSC too but forgot about @cz_binance's reach.
18. When development is there, price will follow anyway. And there is constant development on the #fantom. Just waiting for the appreciation.
Thank you for reading, as always!
$ftm
Thank you for reading, as always!
$ftm
19. And to add to this thread, if you want to learn more about tokenomics, you can read Andre Cronje's article about it.
One of the best articles on token economics i have ever read! https://medium.com/fantomfoundation/fantom-archive-token-economics-research-f6716572e60c
One of the best articles on token economics i have ever read! https://medium.com/fantomfoundation/fantom-archive-token-economics-research-f6716572e60c
