Thread by @The_Defi_Bum

For those nervously watching $STRONG price dip below $150 there is hope 🙏

I gave the Strongchain light paper another read last night and thought I’d share my thoughts on why I am bullish on the future of @Strongblock_io

#STRONGCHAIN #strongblock #NodeArmy #NodeLife

[THREAD]

2/ As node investors we tend to fixate on rewards rates in the short term without seeing the long term potential of the project’s vision

We want our ROI in 100 days or less and we’re all in a race against each other to get it first

But that’s not “investing”

That’s a cash grab

3/ I’m not suggesting we’re crazy for wanting to make money… that’s obviously the whole point

What I’m suggesting is that we adjust our short term expectations and unpack the underlying value

In @Strongblock_io’s case:

“Infrastructure Defi”

4/ This term is used a few times throughout the light paper but what does it mean?

I like to think of it as infrastructure-as-a-service (IaaS)

Blockchains NEED infrastructure

Strongblock HAS what they NEED

(Then invoke the law of supply and demand anon)

5/ A great real-world comparison for what @Strongblock_io is trying to build could be Amazon Web Services

But instead of a centralized cloud infrastructure service provider (AWS) a decentralized blockchain infrastructure service provider (SB)

6/ AWS made it to where they’re at today largely through strategic positioning and @Strongblock_io is following that same path as no other protocol can match their infrastructure

Now this is all very exciting but tbh doesn’t mean much if the model collapses before realization

7/ Enter #StrongChain and $STRONGER

What have we learned about StrongChain?

- It will be an alt L1
- It will be EVM compatible
- It will be developed by an accomplished team
- It will be purpose-built
- It aspires to be truly decentralized

8/ EVM is the logical choice for compatibility with the Stong NaaS dapp and other existing dapps

Accomplished team?

Remember Strong was founded by the core $EOS team

An impressive blockchain once dubbed an ambitious “Ethereum killer” but fell under intense regulatory scrutiny

9/ Now before you start getting all excited about SteongChain becoming the next Ethereum killer take a step back and remember that term “purpose-built”

What purpose?

Well, the foremost purpose of bringing value to the Strong community so they can continue expanding sustainably

10/ While it’s not out of the question in the future, the primary purpose is not to compete with other blockchains right off the bat in traditional metrics such as speed and Defi usage

Where StrongChain initially aims to stand out is in it’s utility and community-centered design

11/ Exact details as to what this will look like are yet to be released so I can only speculate

It will likely look like the typical Proof-of-Stake model but it was hinted that there will be a special focus on decentralization and community involvement unlike any other chain

12/ Tx fees will go back to the community and the NaaS dapp alone will see many of those txs considering how it is already among the top Ethereum gas users

The NaaS dapp will continue on its mission to 1mil nodes on 80+ chains and StrongChain nodes will support StrongChain

13/ How does $STRONGER fit into this?

The paper explains that the $STRONG supply is very limited and without the ability to mint additional tokens

With the exponential growth of the protocol there isn’t enough in circulation to continue supporting the current rewards structure

14/ $STRONGER will have a greater supply with the ability to mint more if needed

To sustain the protocol node rewards will transition primarily to $STRONGER and $STRONG will become scarcer

Node creation will still require $STRONG but sell pressure is significantly reduced 📈👀

15/ some have speculated that $STRONG will be used to pay gas fees on StrongChain but I don’t think this is the case

$STRONGER is presented as the “native token” of StrongChain so I believe that it will be paid out in validator rewards and will be used to pay gas primarily

16/ I foresee $STRONGER combatting rewards token sell pressures with the following utilities:

- StrongChain gas payment
- StrongChain governance
- Marketplace payment (Nodes, NFTs, and more)

That last one is very interesting to me and I’m curious to see how it will play out

17/ As long as there are sellers it would have to be cheaper to buy from secondary markets than creating new nodes

In this case $STRONGER becomes the new node issuance payment

If $STRONGER price goes up as a result then nodes have increased value 🤯

And round and round we go…

18/ Ok so how do I get my hands on some $STRONGER???

It will initially be awarded to the community members based on involvement with the project before fully taking the rewards torch from $STRONG

19/ I see a whole new wave of value coming to the protocol but don’t just take my word for it

Look at team and shareholder actions instead when each agreed to give up half of their initial $STRONG allocations to refill the rewards pool to sustain the protocol in the interim

20/ Imo this is a tremendous show of good faith and speaks to their confidence in the future of @Strongblock_io

Idk about you but all of that is giving me bullish vibes and I didn’t even cover the entire roadmap

If it’s not for you that’s ok

Feel free to share your thoughts

21/ Maybe next time we’ll hit on sizable nodes, entangled nodes (whatever they are 🤷‍♂️) and the Fantom blockchain partnership

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