“No Whale Crypto” currencies offered by CMTLabs

[ad_1]

NEWPORT BEACH, Calif., Sept. 2, 2021 / PRNewswire / –CMTlabs, Inc. said today that it is proposing the creation of a new category of cryptocurrency defined as “No Whale Crypto”.

CMTLabs further indicated that the reasons for this proposal were due to the results obtained as part of a recent independent and impartial research project by CMTLabs on the cryptocurrency industry. The project was launched after CMTLabs learned of the assessment of the crypto industry expressed by Jackson Palmer, co-creator of Doge Coin. The assessment was extremely alarming, which prompted CMTLabs to launch an effort to determine whether the assessment was valid or not. The results of the research project corroborated Mr. Palmer’s assessment and identified other serious issues. The research has clearly shown that despite the original intention and ideological goals, with the exception of stablecoins, the primary goal of current cryptocurrencies is now to function as high yielding speculative investments. The secondary objective is to function as a currency on payment platforms only to earn transaction fees and facilitate the achievement of the primary objective. Artificial supply limits, controlled circulation and efforts to increase retail demand are mechanisms used to achieve the primary goal. As more and more currency offerings are acquired and held by an increasing number of high stake owners or “whales”, the potential equivalent of unregulated private and privately owned “crypto banks”. companies will be created. Whether a whale is a private billionaire or a public company, the two share a common goal: to increase the value of assets by increasing the number of retail buyers. “No Whale Crypto” currencies could offer a viable alternative investment opportunity to retail buyers. CMTLabs has identified mechanisms that could help facilitate the creation of “No Whale Crypto” currencies. One mechanism involves consensus on a 24-hour currency purchase limit per portfolio. For example, $ 1,000 per 24 hours, per portfolio ($ 365,000 per year). By design, currencies would not be “whale-friendly” investments and would provide more democratized, inclusive and equitable property opportunities. Currencies could be centered on cell phones. A phone, a wallet, a miner, an alternative to minimal power consumption to high power mining farms owned by companies.

SOURCE CMTLabs

Related links

https://cmtlabs.info/

[ad_2]