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Myth Busting the xMoney $UTK Economics Proposal ❌
Regarding the proposal, several questions have been raised since last week.
In order to address some of the key myths & clarify facts, let's explore the available information together 🧵
Proposal: bit.ly/3J0Bvip
Myth Busting the xMoney $UTK Economics Proposal ❌
Regarding the proposal, several questions have been raised since last week.
In order to address some of the key myths & clarify facts, let's explore the available information together 🧵
Proposal: bit.ly/3J0Bvip
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❌ Myth: Supply has increased
✅ Fact: The proposal suggests a maximum supply of 1,051,731,810 UTK (350 million less than UTK 2.0). Staking rewards come from fees, not from increasing the max. supply.
#xMoney platform grows >>> Supply decreases
bit.ly/3NgXhAZ
❌ Myth: Supply has increased
✅ Fact: The proposal suggests a maximum supply of 1,051,731,810 UTK (350 million less than UTK 2.0). Staking rewards come from fees, not from increasing the max. supply.
#xMoney platform grows >>> Supply decreases
bit.ly/3NgXhAZ
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❌ Myth: The model doesn't influence merchants to increase sales
✅ Fact: With the proposal, co-marketing actions take center stage, allowing merchants to launch campaigns w/ specific pools & buyers to receive cashback. They can grow their brand & increase sales.
❌ Myth: The model doesn't influence merchants to increase sales
✅ Fact: With the proposal, co-marketing actions take center stage, allowing merchants to launch campaigns w/ specific pools & buyers to receive cashback. They can grow their brand & increase sales.
4/
❌ Myth: Only merchants can be staking pool owners
✅ Fact: xMoney Guilds are established by Guild masters & anyone interested in staking $UTK can select one. Longer lock-up periods for UTK = greater rewards. Merchants are encouraged to consider this as a revenue stream.
❌ Myth: Only merchants can be staking pool owners
✅ Fact: xMoney Guilds are established by Guild masters & anyone interested in staking $UTK can select one. Longer lock-up periods for UTK = greater rewards. Merchants are encouraged to consider this as a revenue stream.
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❌ Myth: UTK 2.0 went live a year ago, why this decision now?
✅Fact: The new UTK proposal is more sustainable & attractive for everyone involved. With a reduced token supply, Guilds achieve self-sustainability faster, and xMoney transactions contribute to the reserve pool.
❌ Myth: UTK 2.0 went live a year ago, why this decision now?
✅Fact: The new UTK proposal is more sustainable & attractive for everyone involved. With a reduced token supply, Guilds achieve self-sustainability faster, and xMoney transactions contribute to the reserve pool.
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❌Myth: xMoney charges fees and now earns from staking
✅Fact: xMoney applies a 1% fee to merchants, which goes into the token reserve pool to support staking rewards. Transaction fees fuel the mechanism and avoid supply increases. Card cashback may not follow this model.
❌Myth: xMoney charges fees and now earns from staking
✅Fact: xMoney applies a 1% fee to merchants, which goes into the token reserve pool to support staking rewards. Transaction fees fuel the mechanism and avoid supply increases. Card cashback may not follow this model.
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❌Myth: Other financial organization includes all stakeholders in economic improvements
✅Fact: xMoney, powered by @MultiversX, leads the way by collaboratively building a financial system that caters to the needs of all stakeholders.
❌Myth: Other financial organization includes all stakeholders in economic improvements
✅Fact: xMoney, powered by @MultiversX, leads the way by collaboratively building a financial system that caters to the needs of all stakeholders.
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✅ Myths Busted!
We're committed to transparency, sustainability, and inclusive growth for all stakeholders.
That’s the only way to redefine finance, and you’re part of this!
Make sure you contribute to the #Tokenomics Proposal by the 22nd of June 🙌
✅ Myths Busted!
We're committed to transparency, sustainability, and inclusive growth for all stakeholders.
That’s the only way to redefine finance, and you’re part of this!
Make sure you contribute to the #Tokenomics Proposal by the 22nd of June 🙌
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