Since some of you probably entered $XPR after my tweet without deep research (I don't recommend that) I decided to share some key facts about this project:
1)@protonxpr is basically a freaking fast blockchain which can process even 4k transactions per second with 0 swap fees!
2) @protonxpr priority is to become #NFT marketplace of first choice. Since the average price of minting NFT on other platforms is 15-50$ and on Proton it's only few cents this is quite possible. The platform is already finished and the final launch is very close to come.
3) @protonxpr was created by @metalpaysme which is very close to receiving licence of Federally chartered bank as their subsidiary - coindesk.com/crypto-startup…. This would be the first FDIC-insured crypto bank, and what's more it will run on Proton blockchain😉
4) In terms of tokenomics $XPR provides governance and staking utility so at first glance nothing special. But if we dig futher we may see that every bussiness/developer who wants to run on Proton blockchain must purchase resources in the form of $XPR and that is all burned.
4a) According to my research the Bank's main organizers CEO of Metal - Marshall Hayner and President Fred Krueger with others have already purchased 1 billion $XPR last month. So no more $XPR can be created for the rest of the year, and this XPR was all burned.
5) You should also read more about Proton "long staking" mechanism. It's very interesting. Long staking allows users to lock their $XPR into a contract that is tied to the performance of Bitcoin. Thanks to that you gain exposure to XPR while keeping the "security" of $BTC.
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