https://www.youtube.com/watch?app=desktop&v=OANEMbYSpQ8&feature=youtu.beIt is actual revolutionary technology.
Basically to earn staking rewards, you must lock up your tokens. The longer you lock them for, the higher rewards you earn. Such concept is called certificate of deposit or time deposit and is the BIGGEST market in the entire world - it's worth more than gold, Bitcoin and all payment methods combined.
So basically XVMC works as CD - combining the potential of cryptocurrencies as the highest appreciating assets and at the same time penetrating the biggest market in the world(time deposits).
The locked up stakers create the consensus mechanism - this is how a DAO is formed. The rewards, bonuses, fees,.... are all regulated by users(custom APYs can be scheduled through governance process).
The protocol is fully decentralized and can evolve and update itself through governance process(locked up stakers form the governing council)
What makes it a groundbreaking technology:
- It provides a valuable service (a way to generate passive staking interests and generate real ROI on potentially appreciating asset price)
- penetrates the biggest market in the world
- is fully decentralized
- has it's own consensus and governance model
- works as a DAO
- protocol itself can act as a treasury, hold and trade NFTs,...
It is actual decentralized finance ecosystem and it's going literally from ZERO. Everyone has an opportunity to get in early before the VCs and biggers firms do.
