Many media such as Washington Finance reported that VAST is extremely valuable!
Recently, the Washington Financial Times has collaborated with the Los Angeles Business News and many other media to conduct a special reports on the upcoming VAST.
The Washington Financial Times columnist Fudgeris asked that there were previous reports that NGK officials will fully support the computing power market. So, now is there any official plan to be revealed?
The NGK representative who was interviewed said that in order to thank the NGK evangelists for their support, they will do their best to assist the computing power market by launching a new Star Project and issue Star Project Coin, SPC and airdropped to the computing power holders for additional rewards. So far, SPC has successfully completed two rounds of airdrops, and it has initially reached everyone consensus.
Los Angeles Business News reporter Bobson asked again, how does the issuance of VAST-Visa coin affect NGK itself?
Madelson, the representative replied that NGK’s VAST project is intended to improve the liquidity and decentralization of NGK’s computing power. VAST implements data production and all ends control data in a distributed mode. The state channel is used as the expansion solution. As a more general payment channel, the state channel can be used not only to make payments, but also to perform arbitrary state transitions on the blockchain. It can cooperate with block producers to realize fast transaction confirmation.
The Washington Financial Times columnist Fudgeris asked, can you tell us about the specific procedures of the VAST coin?
In addition, NGK will release SPC’s sub-currency VAST. The total circulation of VAST is 100,000, it is on a first come first served basis until it is done distributed. Its issued quantity is more than one thousandth of SPC, therefore, 100,000 SPC can be exchanged for 10VAST. However, the total circulation of VAST is more than six times that of BGV coins. It is estimated that the value of VAST will be higher than SPC and BGV after its launch. By holding SPC, VAST star value can be obtained.
Los Angeles Business News reporter Bobson said that VAST is an excellent project. Can you tell us about the specific release rules?
NGK representative Madelson replied that when the total network computing power reached 8 million, the first sar value will be rewarded. Subsequently, with every increase of 500,000, the star value will be rewarded once. When the whole network’s computing power reaches 8.5 million, the second star value will be awarded. When the computing power of the entire network reaches 9 million, the third star value will be awarded, and so on. A maximum of up to 20 million computing power will be calculated and 10 star value will be awarded cumulatively. According to the author previous calculation where each computing power holder can get 0.4spc, when the total network computing power reaches 8 million, that is, 8 million*0.4spc=3.2 million spc.
The Washington Financial Times, Los Angeles Business News and many other media finally wish VAST — -Visa coin has a smooth issuance. It is believe that in the future, with the support of VAST — -Visa coin’s excellent ecology, NGK ecology will definitely become more and more perfect by becoming a unique and perfect existence in the blockchain world!