Jan 21, 2021
How does the second round of SPC airdrop achieve skyrocketing value?
On January 21, 2021, the NGK’s newly launched SPC project is about to begin its second round of airdrop. This airdrop will follow the previous rules, and reward its ecological participants based on the NGK’s computing power. This will greatly promote the computing power of NGK and the liquidity of SPC sidechain tokens, as well as the enthusiasm of the market.
In the future, the SPC sidechain token project will have its growth value. The currency is expected to rise according to several points:
First of all, the SPC sidechain token is not just a token, it also provides specific application scenarios. Today, it mainly promotes these application scenarios. In the future, all developers and application scenarios will surge, and the demand party of NGK will buy it.
Secondly, the current value of SPC sidechain tokens is underestimated. According to statistics, the current maximum circulation of SPC sidechain tokens has reached 100 million, and even the top five tokens are not listed, and their value is underestimated. It is estimated to reach about 100 million within a year. If the market value of SPC sidechain tokens rises to the top five in one year, the currency value is expected to be around US$50. According to the current trend, it is still possible to reach this price within 3–6 months. In addition, let’s talk about the economic model of the SPC sidechain token.
The economic model of the SPC sidechain token has been officially adjusted many times, but the parameters have been constantly changing. At present, we concluded that its economic model is the most complicated model among all current blockchain projects. Using the PoW algorithm, its proof copy and Proof-of-Spacetime (PoST), mainly use CPU and graphics card to perform proof works. At the beginning of the establishment of NGK, the Silicon Valley’s top technical team made technological breakthroughs. The team abandoned the use of consensus mechanisms (e.g. POW and POS), combined their respective advantages and characteristics, and upgraded the use of the DPOSS consensus mechanism. The advantages of decentralization, efficiency, and consistency that are difficult to be unified in the blockchain center are better coordinated.
Firstly, decentralization. In the DPOSS consensus mechanism, the 21 block producers are selected by the NGK holders. Anyone who meets the conditions can join the node and consensus in this mining pool. In POW, the mining pool obtains accounting rights based on computing power. With that, the distribution of nodes in DPOSS is more decentralized. The 21 nodes generate blocks in 24 hours, with an average of 3 seconds, and a single transaction confirmation reaches 1.5 seconds.
Lastly, consistency. In the DPOSS consensus mechanism, all members can participate in the consensus, thereby activating the power of the community; the node interests and user interests are highly consistent, prompting the community to form positive incentives, thereby promoting the ecological development of the community, and enhancing the NGK’s community.
The DPOSS consensus mechanism is regarded as the consensus of all members. The NGK official believes that a good consensus mechanism is not only a consensus on the data ledger, but also a consensus on the community governance.
The founder of Ethereum, Vitalik Buterin proposed to adopt zero-knowledge proof on the Ethereum in 2017, but it has not been achieved so far. However, the SPC sidechain token applied the zero-knowledge proof on the Proofs of storage, creating preliminary storage capabilities for the chain. This is an innovation.
