That Thing that makes our Currency Better than the Others, it's Tokenomics. Like John Nash's Game Theory Research, etc. That's the Thing You might be Noticing.
Tokenomics is kind of a new word, and I've been so analytic of the Economics of all of this for years that when someone first said it to me, I didn't even know what the Word meant, but then I looked it up and I kinda felt like some of it comes from reading my threads, I'd like to know how much the name Tokenista inspired the Coining of "Tokenomics", but that's beside the point. Anyone who reads this will know a little more about Tokenomics than everyone else.
So,
I have been saying since ERC20 Tokens started that we need DEXs and Alt-to-Alt exchanges like CCEX was. This was advanced by EIP-1167 which lowered the price of Cloning Contracts. 3 Days Ago TRON Changed their SunSwap protocol and just implemented Token-to-Token, beyond that we can see Aggroed and STEEM-Engine, and HIVE-Engine as exemplary Tools in this field, Rivaled only by like BitShares User Issued Assets (UIAs). This new TRON protocol will allow, for example, me to Buy the Token of a friend and keep their Token alive with mine, that option becomes available when I can create a Trading Pair.
If we then look at Tokenomics as it exists today, it seems to have been developed from reading Bitcointalk threads, as if you have been part of Bitcointalk for a while, you will at first glance see that Tokenomics primarily consists of what we call Specs on Announcement threads, the Specs of the Coin, the Total Supply, the Decimal, the Name, the Symbol, etc, etc. From there Tokenomics basically seems to just be a description of how your Coin will have a continued Value. This was a big Problem in the ICO and BitShares UIA world, and the main answer has been Buy Backs and Burns.
So a Buy Back and Burn should be more popular now, that is you create a Fund that is meant to Buy Tokens back from Customers. Much of DeFi currently does Burns, but forgot the Buy Back.
If I say "30 Days to $500,000 Buy Back", or even like a $10,000 Buy back, if your customers have Warning, they can go Buy up all the Cheap ones and raise the price way up, the you Buy up even higher, so it's a Win Win as everyone competes to get the most of the Buy Back Amount. This then works in reverse also, I can say "We are about to dump $100,000 of Coins for a Land Development Project to advance the Currency", and everyone who needs to can Sell, while everyone else gets ready to Buy, because the others are Selling and you are about to Dump on them.
So adding more to the Buy Back and Burn in terms of putting out intentions, and preparing your customers, and having them be able to Trust you, they don't have to, but when they see you doing what you are saying you'll do for them, they can start to trust other things you are doing.
Much of Tokenomics is in Loop Mining, and Staking, the DeFi platforms for Loans and Swap, theses are kind of like ready made DeFi multitools, like a Swiss Army Pocket Knife or Leatherman/Garmin thing, but there are several other things that can be utilized like Gas Mining, or Developed like what we are doing in the Van Kush Family. But we intend to show everyone how Blogging and Social Media need to be attached to this, and we are basically defining MetaVerse now. I will get more into all of this as we launch VKRW and KULA.
The Token that we are Launching is Supposed to be Proof of Burn, so I want to get into some Things about Proof of Burn as a General Mechanism, and also First I want to say that if the Token was just Proof of Burn, there would be Incentive to Buy in so that maybe You can Buy from whoever is Mining the most as they Dilute the Market with their Over-Powering of Everyone else, kind of Over-Selling onto the Market and Burning, just thinking they have plenty to Burn. That would be the Ideal Scenario to Buy in, because that Person would Sell them Cheap, so even in the Worst Case Scenario with someone Over Powering Everyone else and Selling Cheap, it has the Mechanism to Correct that on the Market. That is all Natural in the Proof of Burn.
And before we get into the kind of Background and some Links about Proof of Burn in later Posts and Threads, I want to get into what we are going to be doing. And how Our Token has even more Utility than Proof of Burn, it is Proof of Burn, but You can do more with it because we are going to make it a Bridge Currency.
If You Follow this Link You can see how to do this:
https://tribaldex.com/tokensWhat You do is Click the "Listing" Tab on the Page in that Link. Then You Pay what Currency at Time of Posting is about $100 in BEE Tokens, and then Your Token is Listed on TribalDEX.
What we are going to do is First List ourselves on QuickSwap and get Things Started, get maybe 50-100 People Burned in, and then Create the Peggy there on TribalDEX, because that's what it is, it is a Peggy. Similar to the BEP-20, but for HIVE-Engine instead of BNB. We are making a HIVE-Engine Peggy of our Polygon Token.
Then we have 2 Other Tokens, and will be Talking not just about Our Tokens, but DRIP, and BBH, and SCRAP, and PEPE and some Other Currencies, we Expect that Other People will make Currencies as they see what we are doing is Working. And we will Teach them how. So what we want People to do, is to USE OUR PEGGY, and as they use our Peggy they can:
1. Burn and Earn
2. Send Tokens to not just QuickSwap, but to the HIVE Blockchain
3. On the HIVE-Blockchain they can Trade their Polygon Based Tokens that they Earned by Burning, for HIVE Based Tokens.
So we will be Teaching People how to do this, and it will make it where Burning and Selling are not the Only way to Use our Currency, You can also Send them Over to HIVE-Engine, where they can be Traded for Funds to Buy Tokens to Earn more Money on HIVE-Engine. And Vice-Versa. HIVE-Engine Earnings can then be used to Buy Tokens to Burn, so the more You Earn on our HIVE-Engine Tokens now, the more You can Buy of Our Peggy, and send it back to the Polygon Chain and Burn it there.
So we are Creating Our own kind of Ecosystem, and will Create a kind of Yield Farming Program with our Currencies. Right now we are looking at "Harvest" the dApp on Polygon.
