Why do we need blockchain?
Today we prepared a video from our CEO where he explains why do we need blockchain in our project and the role of the FTEC token:
https://www.youtube.com/watch?v=-7nyxY2sbG0Since order book of any cryptocurrency exchange consists of orders with different prices, automatic trading modules face a dilemma of priority of buying/selling order execution.
Our own token can solve fundamental problem we faced and also gives token holders certain advantages. Due to a constant number of tokens, users will be able to influence their position in the queue by selling or buying tokens. The system will have a mechanism for calculating certain queue of users owing to the uneven distribution of tokens between holders. The place in this queue will determine potential profit of token holder because his orders will be executed earlier and at a more favorable price.
In addition, our own token will allow us to implement transparent ratings of authors in such modules as the Exchange of Trade Recommendations.
A greater number of tokens helps to get users a higher priority and to get unique opportunities in using a number of modules, with which you can see in the benefits for token holders document.
Payment for the use of services is carried out by token, so the system accumulates a large number of tokens.
Based on this, the ecosystem gets the opportunity to send a certain part of the accumulated tokens to the zero block and burn them, instantly raising the value of the token (because the capitalization remains the same, and the number of tokens decreases).
Since our token is implemented on the basis of the Ethereum, the security of the tokens is guaranteed by the second largest cryptocurrency in the world, so any token-holder of FTEC should not be worried about the safety of its investments for a long term.
https://medium.com/@ftecfound/why-do-we-need-blockchain-260fe75206eb
