What is token economy? How about NGK token?
In recent years, information technology is integrated into business and daily life, data flow, digitization and other routes continue to expand and extend, in this context, more and more people lay stress on the application and development of blockchain technology in physical industry. With the spread of a more digital business model, we can trade online anytime, anywhere, and instant messaging across the ocean via the internet, and everything gets faster, easier, and cheaper at any corners.
In 2020, an increasingly number of experts and scholars in the world begin to convey the voice that the Internet makes information interconnected, and the blockchain makes global value interconnected. They turned to focus on blockchain technology research to explore the applicability and feasibility of blockchain technology applied to different industries and physical enterprises.
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In network communication, Token originally means “pass card, signaling”, in people’s understanding, it is based on ETH ERC20, with this standard, anyone can issue custom on ETH, this Token can represent any interest or value. As a negotiable encryption digital rights and interests proof, the three elements rights, encryption, circulation are indispensable for Token. The most intuitive understanding of “Token economy” is the “new economic model driven by making full use of Token”. Through the incentive mechanism, Token economy has constructed a new kind of production relations, and the large-scale cooperation produced by the transformation of this kind of production relations has changed the economy of the whole world.
There is no doubt that NGK blockchain project shows great space for appreciation in the future, but under this immense prospect, NGK still needs to find a robust and sustained way to forge forward.
During the Internet era, successful companies such as Amazon, Google, Facebook, Tencent, Alibaba and so on, mostly through initial losses, expanding market share, realizing monopoly, forming a highly centralized organization, and establishing ultra-high barriers. Finally, with the help of the phenomenon that the marginal effect of the Internet tends to zero, they realize ultra-high profit margins.
However, not all internet companies are as lucky as they are. Many traditional internet companies have fallen “before dawn “, mostly because of technology, but owing to lack of capital, business development encountered unsustainable bottlenecks.
But in the blockchain era, the emergence of the Token economy has shown the new generation of companies with novel possibilities. Like NGK, they combine the traditional enterprises of the eight sectors with the economic model of the blockchain, transfer the business of the eight plates to the chain through the technical application of the blockchain, and employ the NGK token as the currency on the chain, accelerate the flow of information and capital, and gradually realize the expansion of the business map and the token economicization of the project.
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Compared with the traditional business model of low purchase and high sale, NGK economic model has changed the form of “price difference” as profit growth point in the past, and the enterprise profit is directly bound profits directly to supporters, when NGK achieve revenue through business development, its NGK token owners can obtain real profit dividends.
At present, in the impetuous and powerful digital money trading market, blockchain projects with actual commercial application scenarios have been rarely seen. The NGK token economic model has been effectively verified in the traditional market, while the hidden behind it is the future ecological and business value of the whole project.
With the continuous growth of NGK projects in the future, NGK token is bound to achieve sustained and steady intrinsic value-added in the market.