Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the $10 billion club

The launch of a new project is like a box of chocolates, you never know what it will look like when you open it, and this is what makes the cryptocurrency world so fascinating.

This bull market is undoubtedly ferocious, inadvertently BNB has reached the 100 billion dollar market cap area, the market cap of 20 billion dollars has not ranked in the top ten, and the fire of the dog, exaggerated to the family neighbors are talking, also once made me doubt in the cryptocurrency circle these years is not a white mix [cover face].

And if there is something missing, it seems that this wave does not have a lot of large projects like four years ago, especially the kind of hundreds of millions of financing large public chain, I do not know whether it is the general environment factors, or now the trend of new projects will be more biased towards the second layer network.

Today, we’re going to talk about Dfinity Tiffany, which will finally go live in the early hours of this Saturday after four years, Dfinity doesn’t know if it’s the last “Nezha-type” project (it’s only heard, but it’s not online).

Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the  billion club

So will there be any surprises in the finale after waiting for so long? Let’s first understand what the Dfinity network really is.

His family I also read some information, filled with a lot of high-end terminology, what NNS, neurons, containers and so on, including the main slogan is also The Internet Computer (Internet Computer), in fact, understand into a public chain platform can be.

Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the  billion club

It’s just that the narrative is relatively more ambitious, not only in smart contract platform, but also in Web3.0 application platform based on blockchain technology and distributed cloud computing, which is similar to Amazon Google Cloud, a cloud computing platform with storage for developers and can directly put all applications in the network. All the cost resources are provided by the developer, and the end-users can even use it without holding the main chain tokens as many dapps do now.

Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the  billion club

The token was initially called DFN and later renamed ICP, corresponding to the name of this Internet computer, and the economic model of the token one can use as governance.

Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the  billion club

His family is called what the neural system, and then through the mortgage ICP to create neurons, neurons I think it is good to understand become nodes, through the lockout can create nodes to obtain governance voting rewards, or retail investors directly mortgage for other nodes to vote to obtain ICP rewards.

If you do your own governance system nodes, it is a long unlocking time, at least half a month, up to eight years (the final official data shall prevail), if only vote not to do nodes, the withdrawal period also has a month, so designed to make the community more prudent to vote, I do not know if this will not dissuade a large number of retail investors to lead to the centralization of the system decision trend.

Another is that ICP can be exchanged for a stable coin called cycle (1cycle is equivalent to 1 Swiss franc), here note that it can only be exchanged in one direction, and can only be used as a system fee (similar to gas) after the cycle, and cannot be exchanged back to ICP.

Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the  billion club

It means that the cycle is an anchor fiat currency, so that developers who want to use various computing and storage resources of the network will have a stable and predictable pricing model, unlike the current public chain, where the development cost fluctuates greatly according to the bull and bear cycle.

This is also the destruction mechanism in his economic model, and the governance voting above is realized by incremental issuance, so the overall system has incremental issuance and destruction to maintain a balance.

There is also a part of the system incremental is his family has data storage, so there are miners by providing data services to get ICP rewards, but this is said to be a relatively high threshold, unlike many outside hard disk mining as long as there is ordinary equipment on the line, be careful to prevent related mining machine scams.

The above is Tiffany’s general a network mechanism, if you put aside those high-end vocabulary, the model is also common in the coin circle, at best, it is considered fusion + micro-innovation, in addition to look at the ecological part introduced in his official documents, a short video application similar to Tik Tok’s do on ICP:.

Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the  billion club

emmm, sure this thing can fire not, hahaha.

Of course, the bull market may not care so much about the actual logic, if we talk about the real highlights of his family, probably belong to one is behind a16z, Sequoia Capital and many other well-known investment institutions, in 18 years before and after the financing three times close to $ 200 million.

The other is that the 18 years of airdrop is through Coinlist to complete, Coinlist is a kind of level we all know well ha, now is also randomly open a new project are crowded head, when the airdrop as long as fill in the mailbox and some basic authentication can be obtained, coinlist on the project is also quite a lot, such a wide range of airdrop or the first time.

The main network is not yet online Coinbase pro has already issued the online trading announcement:.

Dfinity, the grand public chain finale that went live on Saturday after four years, will be able to land in the  billion club

This direct airborne treatment is also extremely rare, CB’s plus the current state of the cottage market, it should be said that there is still some room for imagination.

The reason why on the eve of the launch to mention the next, but also think that there may be some early dividends, like the chip side of the main online will have a token collateral vote, new projects consume this demand.

On the other hand the initial circulation release may not be large, chip specific data can refer to an article in the Tiffany community.

The most reliable opening circulation and price prediction about DfinityICP

The cost of investors and institutions ranges from 0.0362-4.5U. You may feel that the price difference is very big, but here it is related to the Ether spread and time. 0.0362 cost was only 10U at that time, and then add this time cost for so many years.

In addition, the air cast accounts for about 1.25% of the total, the above is the air cast directly calculated in the initial circulation, I do not know if it is possible to trade at the beginning, even if the first up on the circulation, there is UNI such a big wool case in front, not everyone will sell directly, not to mention the time is longer, the withdrawal of the circle to forget this file are also a lot of people.

So now the futures price, although it seems to be a bit exaggerated, may not be too low to the opening, especially in the cb on the opening.

My personal guess is that the initial in the range of 5-10 billion dollars, I see before the media to the valuation is also 10 billion like, say 5 billion it may be conservative, mainly because I observed the dynamics of the social media, although there is a community of faith at home and abroad, but the popularity may still be a little low (this is also I think one of the main problems of his family, the sense of presence is not so strong), in addition to having In addition to the CB support this point, the heat is slightly less than the previous DOT and Fil, interested in this project can also refer to the previous DOT and Fil out of the online situation, if the opening heat is high after there may be a fall will have the opportunity.

Conclusion

A new project is like a box of chocolates, you never know what it will look like when you open it, and this is the fascinating part of the cryptocurrency circle.

p.s Now it seems that this kind of project that drags on for a few years is also quite good, early investors do not have to suffer too much from the bear market and can passively gain excess income, behind there are still suffering from procrastination can pay attention to the next.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/dfinity-the-grand-public-chain-finale-that-went-live-on-saturday-after-four-years-will-be-able-to-land-in-the-10-billion-club/
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