MIM's token model
Token quantity, distribution and circulation In addition to MIM, Abracadabra has 2 types of tokens: SPELL: The protocol used as an incentive token sSPELL: tokens obtained by staking SPELL, used to obtain fee sharing and participate in governance The sSPELL here is similar to Sushi's xSushi. Users can only get the system's income distribution and participate in voting governance by staking SPELL in exchange for sSPELL. The total supply of SPELL is 210,000,000,000, and the specific di...
MIM's token model
Token quantity, distribution and circulation In addition to MIM, Abracadabra has 2 types of tokens: SPELL: The protocol used as an incentive token sSPELL: tokens obtained by staking SPELL, used to obtain fee sharing and participate in governance The sSPELL here is similar to Sushi's xSushi. Users can only get the system's income distribution and participate in voting governance by staking SPELL in exchange for sSPELL. The total supply of SPELL is 210,000,000,000, and the specific di...
NFT can build deep-rooted communities
NFT is building a strong and special community. In a nascent space like NFT, it's refreshing to find someone who is really interested. NFT enthusiasts discuss in the Twitter space and Discord channels, share lessons learned and warnings about potential risks, and even better share ideas on how to improve their projects. The avatar movement in Twitter has become famous, and like brand awareness elements, celebrities also have an active influx in the community. The fact that Mike Tyson use...
NFT can build deep-rooted communities
NFT is building a strong and special community. In a nascent space like NFT, it's refreshing to find someone who is really interested. NFT enthusiasts discuss in the Twitter space and Discord channels, share lessons learned and warnings about potential risks, and even better share ideas on how to improve their projects. The avatar movement in Twitter has become famous, and like brand awareness elements, celebrities also have an active influx in the community. The fact that Mike Tyson use...
Crypto.com's EVM compatible chain Cronos mainnet release date postponed to November 8
Kris, CEO of Crypto.com, said on Twitter that Crypto.com's EVM compatible chain, Cronos, was in the Cassini incentive testnet. The Cronos team discovered several cross-chain bridges with Cosmos Gravity Bridge and Ethereum go-ethereum client ( Geth) related issues, in order to ensure a safe start, the mainnet release date has been moved to November 8. The Cronos team will remove certain Gravity Bridge elements and apply appropriate go-ethereum to fix the errors, and will prepare a new tes...
Crypto.com's EVM compatible chain Cronos mainnet release date postponed to November 8
Kris, CEO of Crypto.com, said on Twitter that Crypto.com's EVM compatible chain, Cronos, was in the Cassini incentive testnet. The Cronos team discovered several cross-chain bridges with Cosmos Gravity Bridge and Ethereum go-ethereum client ( Geth) related issues, in order to ensure a safe start, the mainnet release date has been moved to November 8. The Cronos team will remove certain Gravity Bridge elements and apply appropriate go-ethereum to fix the errors, and will prepare a new tes...
The economic security of tokens
As Justin Drake said in the must-read trilogy published on Bankless, economic security can be quantified, but it is more difficult than it seems at first glance. We can define economic security as the cost of attacking the network. As far as the workload proof network is concerned, economic security is the cost required to obtain 51% of the computing power. These computing power can be obtained by renting and acquiring ASICs. We can estimate the cost of the attack based on the price of the le...
The economic security of tokens
As Justin Drake said in the must-read trilogy published on Bankless, economic security can be quantified, but it is more difficult than it seems at first glance. We can define economic security as the cost of attacking the network. As far as the workload proof network is concerned, economic security is the cost required to obtain 51% of the computing power. These computing power can be obtained by renting and acquiring ASICs. We can estimate the cost of the attack based on the price of the le...
