How “web 3.0” pushes to stop speculation for gifts, and what can await the cryptoworld in the future

The publication is informative and does not encourage financial investment

WEB 3.0 and Validators

The era of intermediaries between the client and the service decreases every time people hear about “web 3.0”. Why go through complex identification, confirm emails, pay a commission, use applications, if you can connect to the network immediately with a click.

To start interacting with “web 3.0” it is enough to install an online wallet for cryptocurrency. Consider the example of “Keplr”.

“Keplr” is a Chrome browser program that supports and interacts with 25+ blockchains.

The functions of such wallets include the delegation of own cryptocurrencies to validators. If this is the first time you’ve heard of these words, you’ve heard of miners, they’re almost equal, the difference is that they work on a “Proof-of-stake” basis instead of a “Proof-of-work” principle. Validators ensure the security of the network by freezing finances in the ecosystem, and are directly involved in the development of the network through the strength of the voice in decision-making (the strength of the voice depends on the number of frozen coins in the network).

This does not mean that you give your money to the validator’s account, the money remains in your wallet, you can no longer use it at any time to regain access, you need to withstand a period of 14 to 28 days (depending from network rules). This provides network stability and ensures that you do not run away at the same time as a cryptocurrency storm, price volatility or economic downturn. And it also ensures that other participants will not leave you alone, and all together stay in difficult financial times.

And here the question arises, “why should I do this?”, Of course, for the sake of reward in relation to your balance. Blockchain personally thanks the validators for their endurance, and they in turn pay you a “reward” proportional to your share, the payments are accrued at an annual interest rate each day (Interest is very nice).

Okay, this all looks interesting, but how can this affect the desire to speculate on exchanges if most cryptocurrency users just want to buy it cheaper and sell it more expensive? The answer flies in the air, nothing prevents you from selling coins when the defrost period is over, but during this time your balance increases monthly, by about 5-10% of the initial deposit, and there is an opportunity to reinvest already earned to the frozen balance, or withdraw earned for use in other projects, transfer to fiat. Then you ask yourself, “Why should I sell them at all?”

This is just the beginning of the cryptocurrency path in resilience to falling prices. If we look a little into the dreamy future, where coins and tokens are not exchanged for fiat currency, but circulate inside blockchains, when crypto-money is used to pay for goods or services, it becomes clear that the deflationary model of most cryptocurrencies can reduce the relative price only to other cryptocurrencies, but the circulation in the network will stop fluctuations, which is why it becomes more important to increase the number of coins on the balance sheet, instead of the equivalent in fiat currency.

Let’s return to the topic of how “web 3.0” pushes to freeze funds, and what gifts await users for this already profitable type of income.

The logic is extremely simple, the blockchain industry is rapidly gaining momentum, it is not so easy to find an IT company that does not use blockchain. And more often new companies form their projects using these technologies (why issue shares under the control of the stock exchange if it is possible to use their own currency within the project).

According to the old principle of launching the project, “preseils” are used (selling coins at a reduced price, in several stages). Preseils immediately provide funding for the project, the team receives fiat funds. The dark side is that it is those speculators who bought coins at low prices before the start of the sale, merge them at the first opportunity. This time-old principle of financing is beginning to take hold in the world of blockchains, more and more projects want to keep their coins as long as possible, and attracting new users increases the total capitalization that provides branding and trust in the long run. A solution to this problem has been invented, and it sounds like this – “Gaida does not make a full presale, instead we evenly distribute our coins to bona fide users of another network that already has its own brand and will cooperate with us.”

This is the principle of “airdrop”, these are the same ” gifts” from new projects that want you to protect their network in the future. Presets can also take place, but not in such quantities as to shock investors with a frantic fall in prices since the project was launched.

Example of using full preseil without airdrop (investors sell as soon as the price approaches the profit level)

“Gifts” on the example

If we keep funds in the network frozen, we will receive a charge of the network coin, and we have the opportunity to receive “gift” coins of new networks that are created within the main blockchain or cooperate with it.

Consider examples and conditions for obtaining “airdrops” in the network “COSMOS NETWORK”

“COSMOS NETWORK” is a third generation blockchain, the purpose of which is to create an online blockchain, direct interaction between blockchains of different types and directions using the “IBC protocol”. Internal coin blockchain – “ATOM”

There are several conditions that must be met in the network to obtain the “airdrop” of a new project, namely the conditions required by a particular project, and which are announced in advance before its launch. This is a solution for the patient and restrained. The program creates a snapshot of wallet addresses on a specific day of the year, it can be a different period from 30 to 180 days. Depends solely on the wishes of the project team.

For example, to get coins from the Crescent decentralized exchange , you need to delegate ATOM coins. It was also possible to receive additional bonus payments for voting in the “gaps” of the network. ” Propozl – a kind of decision-making in the middle community of the blockchain, provided that the majority of votes.”

the second stage of the airdrop of coins “CRE” of the decentralized exchange “Crescent”

Let’s look at more complex options. ” Agora Metaverse” (“inter-metaverse universe” protocol that allows users of the blockchain “Binance” to connect to other universes, such as Decentalend). To get the airdrop of this project, you need to have a specific amount of frozen coins, or more. But with the possibility of choosing which coin, it can be “ATOM”, “JUNO” or “OSMO” which are part of the network “COSMOS”.

Anyone who made a steak (another name for freezing) on ​​30 Atom, 30 Juno or 50 Osmo 23.04.2022 (date taken)

Of course, some users who receive new cryptocurrencies are willing to sell them at the same time if possible, this trend is gradually fading, most users will begin to exchange coins for coins, not fiat money. The value of cryptocurrencies is growing every day, now in the shadow of leading projects such as Bitcoin, and speculation on its price, but we can already look at a specific direction of development of blockchain technology, not just the financial part of cryptocurrency. According to the authorwe are at the stage of origin and transition from the financial value of the blockchain to its technological value, which creates products and services. Now for the betterment of life, in perspective for the technological progress of our century. After all, there is no doubt that decentralized systems where everyone has a voice in the development of the system are better than centralized companies that make decisions based only on their own views and goals. And when you get paid for it 😎