BlockDAG was conceived as an idea to overcome Proof of Work blockchain limitations and make blockchain technology better. The network makes it possible to confirm transactions in seconds instead of minutes on Bitcoin and other PoW chains. With future-ready solutions, BDAG aims to be the next big thing in crypto for everyone.
The project has adapted its tokenomics with the view of incorporating high-power smart contracts. The changes will make the network able to handle modern DeFi solutions with ease. Addressing tokenomics shows BlockDAG’s commitment to a successful future. The move highlights the project’s focus on long-term vision and putting its community first.
The changes are aimed at powering BlockDAG and delivering the best network where community members can mine, earn and spend with ease.
Tokenomics: Why it Matters
Tokenomics serves as the structural foundation of any cryptocurrency project. It dictates coin supply, distribution, and regulatory frameworks to ensure the success of a project. This critical component directly impacts the project’s growth potential and long-term success.
In the case of BlockDAG, the revised tokenomics improves the incorporation of smart contracts and adds other capacities. The changes will take BlockDAG’s total supply to 150 billion coins. The new framework shows BlockDAG’s dedication to innovation and community empowerment.
Navigating the Change: The Tokenomics of BlockDAG
A realignment in tokenomics underlines the BlockDAG project’s pivot to scale up the network to compete with market giants. The change sparked mixed reactions, particularly from investors concerned about market impact and asset value.
But, these concerns can be put to rest with the specifics of the changes. For those already invested in BlockDAG, the value of investments remains unaffected by these changes. Holdings will retain their value as the project moves through its successful presale batches. Holdings will retain the same value when BDAG debuts in the market.
The revised tokenomics aims to address the increased demand for BDAG, ensuring that the project can grow over the long term.
With 150 billion coins, the community allocation has grown to 98.5 Billion or 66% of max supply. 80% of the community allocation, or 78.8 billion coins will be reserved for mining. An improved 14.8 billion coins are now set aside towards strengthening the community and for investments in the ecosystem. The liquidity pool of the network will also see greater allocation to address peak demands with 4.9 billion coins.
The Bottom Line
BlockDAG’s updates to its tokenomics signal its intent to push forward with innovation and be up to date to address any challenges that it faces. By tweaking coin supply and improving smart contracts, the network gears up for lasting growth for the community. While current holdings remain stable, the project gains in liquidity and community engagement. The new changes will help us pave the way to a network that empowers every member of the community.
Discover more about the BlockDAG Network:
Website: https://blockdag.network
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/blockdag-tokenomics-explained-the-future-ready-crypto-network/