There are currently more than 6,200 tokens in the cryptocurrency market, and the numbers are still increasing, which can be applied to almost all application scenarios. You can use one coin to run DApps, conduct fund transactions more privately, and even drive the development of DeFi and blockchain gaming solutions.
But, how to judge whether a token is a good investment target? The NGK is currently a project that has attracted much attention. Its native token rose from the initial $0.0215 to $1.26, which took only half a year. So how did it do it, and what is the rising logic behind it?
- NGK blockchain is the crystallization of long-term thinking from blockchain technical team in Silicon Valley team. NGK adopts the DPOSS consensus mechanism to achieve decentralization while greatly improving network performance, providing compatibility for commercial applications of one-chain one-scenario. The ecological application scenarios of NGK include but not limited to wine, real estate, new energy, biotechnology, finance, entertainment, blockchain, sports and other industries. As a circulated token, the value of NGK has been further recognized. Not only can it obtain full value in the ecological scenario, because NGK is the original circulated token of the entire ecology. It is used for payment in various ecological scenarios, system transactions, smart contract fees, etc., acting as an ecological fuel agent. Therefore, ecological operation will consume a large amount of NGK, so it is only natural for the price of NGK to rise.
2. The NGK blockchain has built numerous ecological projects along the way, including tokens such as NGK native tokens, USDN stablecoins, BGV governance tokens, etc., as well as ecological projects such as the Dapp games — Calling Hippo and Baccarat mining. Among them, like the NGK liquidity mining project, it means that users deposit or lend digital assets according to the decentralized Baccarat protocol. When a trading pair is generated, the NGK and USDN tokens are pledged according to the price calculated by the current agreement. When it is completed, it is equivalent to the completion of NGK liquidity mining, and the generated handling fees and BGV rewards can be obtained. Although BGV is the new token reward, as an important token for liquidity mining, it greatly promotes the circulation of NGK tokens and improves the consensus of ecological builders on the NGK tokens. At present, the NGK has officially launched the NGKEX. An important role of the NGKEX is to meet the trading needs of NGK ecological builders for several major tokens such as NGK token. Judging from the current data, the ecological consensus of the ecological builders has directly promoted the rise of NGK tokens.
3. As mentioned above, the total issuance of NGK is 1 billion units, and there will never be additional issuance. This means that the number of NGK is fundamentally guaranteed. In addition, the NGK project will also use the profits generated by the platform to repurchase, destroy, and burn NGK. It will give back to the community and enhance the intrinsic value of NGK. This will further aggravate the NGK’s deflation, making NGK scarcer in the secondary market. With this scarcity and rarity, the NGK keep the price rising all the way.