Stablecoin Platform Reserve To Launch And Deploy Protocol On October 10
Stablecoin platform Reserve announced that it will be deploying the protocol on October 10th, concurrently with its launch.
When the protocol is deployed, anyone can trigger the protocol contracts to deploy stablecoins called RTokens. Reserve said that the core team will not deploy any RTokens.
The platform stated this approach will be a little slower to get going than if the core team did it all, but it’s the right way to set the culture for this new ecosystem.
In the Reserve protocol, staking is not simply paying you an incentive to lock up and not sell. Staking is how users can put their capital at risk to benefit RToken holders, and earn their share of the revenue that’s offered to stakers by doing so, according to the announcement.
So the staking rewards are entirely dependent on the real revenue that RTokens generate. If nobody ever deployed and RToken, or if none ever generated revenue, there would never be any staking rewards for users to earn.
The project also states that users should have a plan for RTokens for “at least 2-3 months.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
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Stablecoin Platform Reserve To Launch And Deploy Protocol On October 10
Stablecoin platform Reserve announced that it will be deploying the protocol on October 10th, concurrently with its launch.
When the protocol is deployed, anyone can trigger the protocol contracts to deploy stablecoins called RTokens. Reserve said that the core team will not deploy any RTokens.
The platform stated this approach will be a little slower to get going than if the core team did it all, but it’s the right way to set the culture for this new ecosystem.
In the Reserve protocol, staking is not simply paying you an incentive to lock up and not sell. Staking is how users can put their capital at risk to benefit RToken holders, and earn their share of the revenue that’s offered to stakers by doing so, according to the announcement.
So the staking rewards are entirely dependent on the real revenue that RTokens generate. If nobody ever deployed and RToken, or if none ever generated revenue, there would never be any staking rewards for users to earn.
The project also states that users should have a plan for RTokens for “at least 2-3 months.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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