Here is a simple take on a successful chain deployment. Ethereum significantly outpaced bitcoin in 2021, returning 399.2% as the popularity boom of NFTs and the creation of Defi 2.0 protocols like Olympus (OHM) expanded possible use-cases. But with the rise of network activity, a 50% increase in transfers in 2021, Ethereum gas fees surged. From minimums of $20 for a single transaction to NFT mint prices starting around $40 and going into the hundreds on congested network days, crypto’s retail crowd migrated to other smart contract platforms with lower fees.
Alternative budding smart contract platforms like Solana (11,178%), Avalanche (3,335%), and Fantom (13,207%) all had 4–5 digit percentage returns, as these protocols built out their decentralized finance ecosystems and NFT markets. With Ethereum set to merge onto the beacon chain this year, which uses proof of stake instead of proof of work, we’ll see if 2022 brings lower gas fees and retail’s return to Ethereum if the merge is successful.
Super Chain can also perform like the above chains, applying a working mechanism that maximizes the ability of node miners and enables them to bring huge rewards to miners in return. The whole cycle cultivates a strong network in which SuperEx generates tremendous revenue for the investors while creating massive returns for node miners and project parties. The entailed hefty profits helped the project side develop more investment, backup plans, and a strong marketing strategy, allowing the SuperEx project to expand its audience and outreach.
Except for the above application scenarios guaranteeing the ET value, the deflationary policy still plays a crucial role in its economic blueprint. The initial supply of ET is 1billion, but it will decrease following the annual repurchase and token burn. SuperEx allocates 50% of its quarterly revenue to repurchase ET tokens and burn them. The total ET amount is expected to burn down to 200 million.
The deflationary policy is a significant factor in boosting value in the long run. The increased demand and limited supply add tremendous financial value to the ET. We could have a reference to understand how this deflationary policy works for the SuperEx. BNB chain burned another 772million$ worth of tokens out of circulation, roughly accounting for 21% of the total circulation supply. Binance’s long-term goal is to burn 100 million BNB tokens, equating to 50% of the total BNB supply. BNB’s deflationary policy heavily contributed to its price increase. Binance was created as a utility token for discounted trading fees in 2017.
But since then, its uses have expanded to numerous applications on a vast number of platforms. It is used to pay for transaction fees on Binance.com, Binance DEX, and Binance Chain. In addition, all of the 100 million BNB tokens available for public sale were sold during the ICO at 15 cents per token. If we look at the market on 7th May 2022, the Binance coin skyrocketed from its initial price to $373.82.
ET holds a similar prospect, being a utility token to serve as gas fees on SuperChain. ET will be configured to bridge NFTs, exchanges, and SuperWallet to mass adopters, enabling itself to perform on diverse application scenarios.
In a broader sense, like a crypto exchange, issuing crypto is a strategic must for the SuperEx. since 2017, blockchain has welcomed mass users in the crypto sectors while tech giants poured a chunk of capital into the market, generating hefty revenues and liquidity. While bitcoin-only managed to return 59.8% last year, the crypto sector’s total market cap grew by 187.5%. Meanwhile, the top ten cryptocurrency exchanges are taking in the income of as much as $3 million a day, according to estimates estimated by Bloomberg. Considering that cryptocurrency did not even exist until 2009, revenue at that level is simply incredible compared to other industries’ historical growth.
In all, those vast growths undoubtedly tell the current market’s scalability. So, many projects are coming up with cryptos to expand their services and monetize their projects to make their products economically plausible in the long run. The vast market growth and financial prosperity are undisputable for the mass crypto adopters.
The ET tokens will indeed create tremendous economic value to become one of the major coins on the crypto charts. The grand vision motivates the team to reform their given conditions and maximize the efforts made to ensure organic growth and a user-friendly environment.
SuperEx Links:
SuperEx Page: superex.com
SuperEx Email: business@superex.com
Official Twitter: https://twitter.com/SuperExet
SuperEx Announcements: Announcements — SuperEx
SuperEx Official (Telegram): https://t.me/SuperExOfficial
Official Instagram: https://www.instagram.com/superexdex/
SuperEx News (Official Telegram Channel): https://t.me/SuperExcom
