Why FUNGRAM Crypto Indexing Mining Model Becomes Your First Choice?
In 2020, the global financial market has plunged into a deep recession due to the impact of COVID-19. In order to stabilize the market and the economy, the Central Banks of various countries have launched unprecedented fiscal stimulus, and the US government has even launched four rounds of fiscal stimulus plans totaling $3 trillion. Those drives have caused a rapidly increased demand for anti-inflation assets. As a typical safe-haven asset, Bitcoin has outperformed all other major assets so far, becoming one of the best-performing assets in 2020.
In the context of the bull market, where should digital asset investors go? In fact, cryptocurrency trading still faces huge risks and uncertainties, coupled with too large initial investment costs. Today’s bull market will become slower and longer, more suitable for mining. In the future, Bitcoin will become larger and larger, and it is not a long-term behavior to make profits relying solely on price differences.
From the perspective of mining, the asset-light mining model is increasingly favored by ordinary investors due to its low threshold, risk control, and a considerable rate of return. So, how does FUNGRAM achieve attractivity and inclusiveness, in this round of mining innovation?
FUNGRAM is a decentralized data indexing protocol for indexing and querying data from Ethereum, IPFS, and other Web3 data sources. Everyone can create and publish index data based on the open API provided, providing developers with a more convenient way to obtain blockchain data.
Compared with other similar projects, one of the main features of FUNGRAM is trying to solve the problems mentioned in the first part through its FUN token. In FUNGRAM’s view, in order to better promote the flow and exchange of data, it is necessary to create a reasonable pricing model and profit distribution method which must be programmable, real-time, automated, and scalable.
Imagine that a user has built a set of APIs that can be used to query, which new high-volume APIs have recently been launched on a certain DEX, or can find which loan agreement has a higher yield API, the user only needs to pay certain tokens before directly use such services. In further, the existence of tokens can also encourage data providers to provide more complete and rich data.
From the perspective of Crypto Indexing Economy, the FUNGRAM model mainly involves two phases:
Phase 1: combustion incentive
USDT + 3% USDT or FUN purchase indexer as the primary node and in the early stage, obtain index computing power through FUN fuel, conduct data mining and produce FIT (19 million issued)
Phase 2: Smart Search
After accumulating a certain amount of FIT, it can upgrade to resource nodes through FIT and participate in-network services (indexing services, transaction data, bidding rankings, etc…) to earn the equity token FUN of decentralized search network.
FUN will be burned from one billion to 40 million. A total of 20 million FUN tokens is produced in the first stage, and 20 million FUN tokens will be produced in the second stage. FUN is used as fuel in the first stage and the platform’s search equity proof in the second stage.
FUNGRAM will reward users for using search engines to find information on the Internet. As part of this open-source and community-driven project, FUNGRAM also provides a transparent service where users can obtain more accurate results by contributing additional data layers through the community package.
In addition, FUNGRAM allows advertisers to pledge FUN tokens to display their own ads in the search results without paying extra fees for certain keywords. Whether an advertiser can win in an advertising auction depends on the number of cryptocurrencies that they bet.
All in all, if you will deposit sooner, you can get more FUN bonus share, and this may be one of the reasons for the increase in FUN price. After the platform is fully launched, the indexer will start pricing, and the principal can pledge to the indexer. Investors can pledge more FUN to high-quality projects in the early stage and obtain higher returns, therefore it is also a positive incentive model in line with the objective laws of the financial market, and will provide a continuous boost for the global consensus on the FUNGRAM platform in the future.