Thread by @takegreenpill

This thread is a summary and some thoughts on the recent interview with @tacticalinvest_ and @WithoutTheRope on @Strongblock_io, which was fascinating. More insight on the new coming $STRONG rewards protocol was revealed.

David referenced @DiemAssociation (blockchain project by the one and only Facebook) as using a rewards system or rewards pool that is made up of a "basket" of different cryptos. He hinted that the coming $STRONG rewards protocol will be based on this model.

David stated that this basket of rewards would be financially backed by different revenue sources: from running validators, from running other nodes, from Eth 2.0 rewards from Eth nodes, etc.

This just hints towards an entire DeFi system that involves staking STRONG to get rewards in other cryptos (in this case Eth). This will lessen the burden on the limited circulating supply of STRONG that some people are concerned about in regards to sustainability of rewards.

They want the contribution to strengthening other blockchain projects (looking at over 90) to remain steady while loosening the burden on the STRONG supply. This means to me that there is an aim to keep incentivizing building new types of $STRONG nodes AKA maintaining rewards.

Moss emphasizes that the NUMBER ONE priority of STRONG is to maintain sustainability of steady reward (passive income) streams for long term, for years to come. Many people new to $STRONG are worried about this. I am not because the team is prioritizing this over all else.

There are 5169 total STRONG NFTs while there are currently 111,000 $STRONG nodes. NFTs are SCARCE. The value of the NFTs are insurance against possible reward changes (keyword is possible) and first access to different reward pools and different STRONG nodes for new blockchains.

A STRONG NFT will be needed to make @0xPolygon STRONG-operated nodes for at least a period of time.

"Service One" is the name of the smart contract used to oversee all the current $STRONG rewards.

New smart contract: "Service Two" will have a different function called "routing", where your STRONG rewards can be "sent" to create another node or to be staked in the Eth 2.0 pool.

Fees for claiming $STRONG rewards is by FAR the biggest expense of running STRONG nodes, thanks to the recent hike of the NFT craze on the Eth 1.0 blockchain. This "routing" mechanism will keep save us so much money and have us less desperate in waiting for Eth 2.0 to save us.

And this ties into WHY holding a STRONG NFT is so valuable. Because David confirmed that you will need a STRONG NFT to gain FIRST access to these valuable Service Two Smart Contract functions (such as Routing) before others without NFTs, in order to start saving money faster.

I can't wait to see all the new features on this coming Service Two smart contract. David implies that the ROI of the STRONG NFTs you purchase will include all the gas fees you're saving long term, which I agree with for sure.

Next, @tacticalinvest_ asked the million dollar question that the entire $STRONG community has been pondering: how is @Strongblock_io set up to survive the crypto winter AKA the feared Bear Market?

David said that prices drops for many or all cryptos will happen as expected, but the most important question is: what real value does the crypto project provide at the end of the day? David reminds us that @Strongblock_io provides infrastructure value.

He says nobody is 100% sure what is going to happen. David built a company during the Dot Com era (which is similar to the phase that the crypto space is in now). David said he helped lead Edmunds.com (which is still here), and it survived the infamous Dot Com Crash.

David Moss states that example to show that he understands what it means to build something of LASTING VALUE (in this case, Nodes As A Service) to survive something like a Dot Com Crash or a Crypto Bear Market. Nice flex by David. 💪 A very relevant one too.

And @tacticalinvest_ asks another home run question: any possibility of a partnership between @OlympusDAO and @Strongblock_io?

David says he admires that @OlympusDAO uses a treasury and @Strongblock_io actually does as well for the purpose of stability. He loves their DeFi model of the DAO/burning/minting functions and wonders if they need nodes and how STRONG might fit in. More talks to be done.

David Moss is open to talking with @OlympusDAO and loves their model.

Great interview by @tacticalinvest_. He got straight to the point and asked important questions. Link below:

Overall, each AMA with David Moss gives me more confidence in the coming rewards protocol announcement. The most important thing is the sustainability of the rewards. The next important thing is the APY: can this be sustained?

We shall see. If @Strongblock_io can pull off BOTH the sustainability of rewards and the maintenance of the current ROI of rewards through this coming $STRONG DeFi ecosystem, I think STRONG can break the internet. Not financial advice, just a summary with some thoughts.

End Thread.