Feb 4, 2021
NGK: value benchmarked against Bitcoin, the next wealth opportunity with 4558% increase
Recently, the U.S. stock market has been volatile, and Bitcoin, which has always been controversial, is a part of them. Many people believe that the interest of institutions will support Bitcoin as a hedge against the weakness and inflation of dollar.
Especially at the end of January this year, Elon Musk changed his Twitter profile to “bitcoin”, which caused the Bitcoin market went wild, rising by 18% within 24 hours. In addition, Ray Dario, the founder of the world’s largest hedge fund, Bridgewater Fund, stated pointed out in the latest article that Bitcoin is becoming popular as a currency and wealth. It is an amazing achievement that has crossed the stage of pure speculation. Bitcoin is also regarded as an alternative investment option to provide customers with protection against the devaluation of fiat currency.
Since the development of Bitcoin, the price has almost exceeded US$40,000, allowing many people to “get rich.” Bitcoin has great benefits, but at the same time, it has relatively high risks high. It is like a roller coaster, some people make a fortune, while some people are heavily in debt.
At present, tokens familiar to the public are basically limited to Bitcoin, Ethereum, EOS, and Litecoin. In fact, the token market has been expanding, and new tokens are constantly emerging. These new tokens have improved the existing technology and integrated the advantages of major tokens. Their potential cannot be underestimated. Among them, the token achieved high investment returns, high market recognition, and large user base is certainly NGK!
NGK is not only a token, but also an open blockchain platform with an industrial standard. As a platform, NGK can pay, accept, and store multiple currencies, and it also support wallets, mortgage, cross-chain transactions, DeFi liquidity mining, etc. Besides, it has high scalability.
As an investment token, NGK is another token after Bitcoin. Soon after it was launched, its market price once soared by 4558%, and it was trending among the crypto market. Since then, more people have learned about NGK, many people invested in it. With the support of the NGK ecosystem, NGK token has also become one of the few tokens with a huge user base and its value has doubled!
So, what makes NGK to stand out? What makes it more profitable than Bitcoin? The rise of NGK is mainly due to the gradual decrease in the amount of token in the market, when the demand exceeds supply, which is bound for the price of NGK to rise. Why is the liquidity of NGK reduced and where is it locked?
It is locked in the memory pool. As we all know, transaction requires a certain amount of memory, and as DAPP increases, more memory is consumed. Since memory can only be purchased with NGK and thus, more NGK tokens will be locked in the memory pool.
On the other hand, liquidity mining requires the consumption of NGK. When NGK ecology launches the DeFi liquidity mining, when decentralized exchanges trade tokens, the trader performs quick exchange through the reserve pool. This type of transaction is timely transaction, and the handling fee acts as a return to the liquidity provider. The tokens to be exchanged is NGK to USDN, or USDN to NGK. This means that the circulation of NGK and USDN is decreasing. The more value locked, the more handling fees and rewards for BGV liquidity mining.
Furthermore, the project party of NGK launched a repurchase plan as NGK continues to develop. This is a bonus for ecological builders. The project will be repurchased at a price not lower than the market, so that early participating ecological users can receive greater dividends. In addition, USDN can be exchanged for NGK tokens in the hands of ecological builders, and the liquidity of NGK will no longer increase after the exchange.
With multiple markets locked in, the value of NGK is bound to rise continuously. Therefore, NGK token has great value, and it will steadily rise within a certain range of fluctuations over time and attract the attention of market. More importantly, NGK has the advantages that traditional currencies do not have, such as decentralization, openness and transparency, and immutability. These features ensure the security of tokens.
With such advantages, NGK will have a hard-to-find ticket by then!
At present, NGK has a high return on investment, while it is locked, and the market circulation is limited. So how can we get more NGK? The answer is to buy computing power and produce NGK through computing power. At present, computing power is still being produced, and the production may be discontinued in the future.
However, the value of NGK is far more than that. Investing in NGK can also have a variety of gameplays. Getting yourself familiar with this gameplay will increase your revenue!
Firstly, use 20% of NGK to buy and sell memory. This is because memory consumes non-renewable resources, you can hold the memory for a long time to add value and make more profit.
Secondly, withdraw the remaining 20% of NGK to participate in the market circulation, and make a profit by buying low and selling high. This method allows you to accumulate greater assets from small.
Third, use the remaining 30% of NGK to participate in the DeFi liquidity mining, BGV, to obtain more revenue and participate in the subsequent application system.
The fourth is to convert the remaining 30% of NGK into a stablecoin, USDN, and buy computing power. Then, earn computing power income with the price fluctuation of computing power. Due to the large demand for NGK’s computing power, the market’s feedback has been great. Thus, holding computing power is equivalent to a stable income.
The token market has been developing dynamically. It has been three years since NGK was established. Let’s stay tuned whether it can finally benchmark Bitcoin or even catch up with Bitcoin. Time will tell!
