There are a lot of reasons why people get involved in the crypto market; being at the forefront of cutting-edge technology like blockchain, tapping into an energetic community, and making a profit in one of the biggest modern asset classes. There are also reasons why some people are wary to invest in cryptocurrency,
Simply put; the crypto industry is very volatile. Assets rise and fall at the drop of a hat and the term ‘buy the dip’ was coined partially because the market dips so often. While this reputation of volatility has scared some investors from the crypto sector, it has also pushed many modern crypto projects to insulate their tokens from the chaos of the market.
One of these is ViralCoin, a new blockchain project that has announced an intricate mechanism to protect investors from market up and downs, especially in its initial stages.
What is ViralCoin?
ViralCoin is a new community-centered crypto and blockchain project that is looking to empower crypto users to use tokens in their daily life. While the ecosystem is centered around its native VIRAL token, it also offers its ViralWallet.
The ViralWallet lets users pay their bills using VIRAL and has removed many of the pain points to doing so, including price prediction and automatic debits.
While ViralCoin is poised to be one of the hottest new crypto projects to invest in, the issue of market volatility still exists, however, the management of ViralCoin has gone out of its way to make sure that its asset is insulated from these issues.
This can also be seen with ViralCoin’s pricing mechanism. New crypto projects are often subject to price fluctuations, whether organic or due to pump-and-dumps, ViralCoin has put a mechanism in place to manage its token price.
This mechanism is called the ViralCoin Vault Contract and this means that the native token is held in a VIRAL/USDC liquidity pool. The circulating supply of the token can be increased or reduced as needed to keep the price stable and this will last all through the minting stage.
As such, you can invest in ViralCoin with ease and without any worry about the price fluctuating in the initial stage. Then there are the benefits that you can get for referring others as ViralCoin has an ongoing referral program.
Roughly 1% of the projected revenue will go to referrers and another 3% will go to the token holders through reflection. Users are being encouraged to join the #ViralCoinChallenge and can earn rewards by referring others, whether or not they have spent any money on tokens themselves.
Overall, ViralCoin is emphasizing community and mutual benefit above all else.
A New Dawn for Crypto Use
There is no denying that cryptocurrency can be profitable yet volatile. But for those who simply want to invest, ViralCoin offers an amazing benefit. Thanks to its combination of price stability for its native token and the ease of setup, it stands out as a solid project for investors.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2022/08/how-viralcoin-is-beating-the-market-volatility-and-empowering-investors