Someone asked a strange question about #MetaWhale earlier. I responded to it, but it made me kind of shake my head a bit. Because most questions regarding $MWG just need you to read the documentation. When you do if you are smart (and people who are reading this obviously are)
Will just get it. The question was this:
"Just like any volume token, your pitch is in your use cases. Please outline a use case that is beneficial towards the hyper-deflationary aspect of the token."
The question itself shows just how little they have read regarding #Metawhale
"Just like any volume token, your pitch is in your use cases. Please outline a use case that is beneficial towards the hyper-deflationary aspect of the token."
The question itself shows just how little they have read regarding #Metawhale
And it seems there is a new trendy buzz term "volume token".
Those of you who *HAVE* read the #MetaWhale documentation understand how one dimensional this questions is, when in fact $MWG is so much more.
Its pretty simple really.
Those of you who *HAVE* read the #MetaWhale documentation understand how one dimensional this questions is, when in fact $MWG is so much more.
Its pretty simple really.
Hyper deflationary tokens themselves are great for speculators, it lets them play around with the whole 'supply vs demand' thing. And that is where most of these other tokens (can't really call them protocols imo) end, minus the "auto liquidity", which isn't even always auto LOL.
BTW #MetaWhale's do have true auto locking of liquidity, everything done on $MWG is coded into the protocol.
But back to the subject. Now you have speculators, but this is building a SECONDARY reserve of value (in the form of actual tokenized gold).
But back to the subject. Now you have speculators, but this is building a SECONDARY reserve of value (in the form of actual tokenized gold).
Note this is a secondary reserve of value, NOT related to the token itself. AKA its not backed by itself). This allows for inflation arbitrage between the value of the rising gold backing, and the hyper deflationary aspect.
Traders will trade on speculative value due to that
Traders will trade on speculative value due to that
While others will be able to trade in (and out of if they choose) for the underlying growing value of their share of the tokenized gold.
This means that because of these mechanics it has basically become the highest gold yield financial instrument ever created
This means that because of these mechanics it has basically become the highest gold yield financial instrument ever created
And the more people that use it (speculators, long term, short term, holders, etc) the higher that yield is. (note this is separate from the price, which traditional deflationary tokens *ONLY* have)
With the hyper deflation, the growing #gold reserves (currently every 1 $MWG is backed by $0.20 of real gold, and growing every tx), and the auto locked liquidity (real auto locked liquidity coded into the protocol), the token creates a higher and higher price floor.
There isn't anything else like it.
Buying tokens backed by nothing is extremely lame.
When you're whole mechanic is just rewarding people with the same token (hello $RFI clones, aka 'safe' tokens), you eventually will implode. There is no sustainability for them.
Buying tokens backed by nothing is extremely lame.
When you're whole mechanic is just rewarding people with the same token (hello $RFI clones, aka 'safe' tokens), you eventually will implode. There is no sustainability for them.
With #MetaWhale there is volume *literally* coded into it. It cant stagnate like the other tokens out there.
Oh ya, purely deflationary tokens are also really lame. Which is why $MWG is also elastic. How it does this is it relaunches itself after deflating.
Perpetual launches.
Oh ya, purely deflationary tokens are also really lame. Which is why $MWG is also elastic. How it does this is it relaunches itself after deflating.
Perpetual launches.
Read more at metawhale.io/mwg or join the Telegram to chat about this: t.me/defilabs_commu…
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