Introduction
There is a huge opportunity for the rapid development of the blockchain industry, but it is accompanied by great risks. In the financial sector, there is a "million-pointer triangle impossible": the three policy goals of monetary policy independence, free capital flow, and exchange rate stability cannot be achieved at the same time. In the traditional investment field there is also a "triple paradox": the rate of return, liquidity, and risk cannot be achieved at the same time. However, the underlying structure of the blockchain industry has the potential to break through the “triple paradox”: early stage investment in the project brings high yields, global 24-hour trading brings high liquidity, rapid development of the industry, and high liquidity It also greatly reduces the risk of investment.
Figure 1. The "triple paradox" of traditional investment
This article analyzes the MyToken project from three aspects and specifically elaborates the necessity of building an integrated ecology.
Why is it worth investing in three
Due to the decentralized nature of blockchains, it is difficult for governments to effectively supervise the entire industry through administrative orders. Investor information asymmetry, the project party does not have a unified and centralized platform to publish project information and progress, which greatly cuts off the connection between investors and project parties. MyToken's integrated ecological construction is to make up for this lack, reduce entry and awareness barriers, and help everyone better understand the project and blockchain world.
When the market environment is unstable, the transaction behavior will be reduced. Checking the market will become a high-frequency behavior for all currency users. MyToken, as a traffic entrance for the currency circle, can become a product that crosses the bull bear.
3.1 Achievable Application Scenarios
The MyToken white paper gives several possible scenarios, including but not limited to promotion engine, aggregation transaction, overseas ICO platform, data service, DApp Store, UGC. In the above application scenarios, it is designed according to the needs and pain points of investors. These scenarios can be realized in the short term. As these scenarios are gradually realized, the threshold for ordinary users to enter the blockchain industry is gradually reduced. Once MyToken has completed the construction of the first token public offering fund raising (overseas ICO platform), it will also sort out and filter investment projects. The single KYC also reduces the complicated procedures for users to participate in the investment and has a positive effect on the entire industry.
3.2 Multiple Requirements for Collecting Users and Project Parties
MyToken provides multiple application scenarios for the different needs of users and project parties, and MyToken is also to iteratively update the project to solve these pain points. Once the application scenarios disclosed in the white paper are realized, MyToken sets up market services. Blockchain ecosystems such as information screening and community content will also be formed. At the same time, the incentive mechanism set up in MyToken can effectively standardize the behavior of project parties and users and promote the sound development of blockchain ecology.
3.3 Low valuation, large room for growth
Regardless of market conditions, viewing the market is still the highest frequency behavior of all currency users. That is to say, MyToken will become a traffic entry product that crosses bull and bear. Based on this, MyToken will be the first to lower the valuation to profit market, MT. The overall valuation of 55,000 ETH, ETH is currently at a low price, it is also the low point of MT valuation. MyToken is divided into diversions in the future and can also have a net profit of 10 million yuan per month. MT will have huge room for growth in the future.
3.4 Token Destruction Mechanism
MyToken destroys 50% of the revenue tokens, which will lead to a gradual decrease in the total amount of MT tokens. With the gradual improvement of the integrated ecosystem of the platform, the decrease in circulation will increase the value of tokens, and the value of tokens will increase. It will have a positive impact on the overall ecological construction and commercial application standardization - taking user-generated content (UGC) in the application scenario as an example: the project party pays a certain number of MT tokens to attract new members to increase the activity of the community. It can also help project parties maintain the community and earn MT token returns. As the value of MT tokens rises, the activity of the community will also increase.
Why it is worth holding for a long time
4.1 The blockchain industry is still in the pre-business period
In 2017, the total market value of gold in the global market was approximately $7.7 trillion, while the total value of the cryptocurrency was approximately $229 billion [http://finance.sina.com.cn/stock/hkstock/hkstocknews/2017-11-30 /doc-ifyphkhk8874213.shtml]. The Goldman Sachs report also revealed that the total market value of cryptocurrencies only accounts for a very small part of the global market value, as shown in Figure 2.
Figure 2. The cryptocurrency occupies the global market value
Considering the decentralized and irrevocable nature of blockchain technology, it can greatly reduce the trust costs of real life and business, and it will have a profound impact on the shape of future business organizations. However, at this stage, the entire industry is still at the stage of exploration. With more manpower and material resources, project landing, vertical and horizontal ecological establishment, it can be expected that the blockchain will transform the production relationship and bring about changes in productivity. Now the entire blockchain industry is still in the pre-business period. This industry has a broad development prospects and various possibilities.
4.2 Integrated ecological construction of market applications
As more and more digital cryptocurrency projects are launched in the future, the blockchain industry will gradually enter the public view and be accepted by the general public. The proliferation of Ethereum addresses reflects the boom in the blockchain industry (Figure 3).
Figure 3. Ethereum Address Number
With the increase in the number of users, different levels of users will have different needs. Previous products seem to be able to meet the needs of users at a certain level. It is difficult to meet the needs of users at all levels as much as possible. Integrate various resources, have a good user experience, and have a certain target customer group.
The integrated ecosystem established by MyToken can meet the needs of different levels of users, including viewing the details of exchange transactions, real-time price aggregation, first-time public sale price and project information, total cryptocurrency assets, exchange announcements, and high-quality Public number and media information and other functions. With the constant improvement of the integrated ecological construction of market applications, the target user groups will be attracted to a greater degree. The increase in target groups will promote the further improvement of the ecology, and this will be a long-term process.
4.3 Path Dependence of Users in Mobile Internet Background
MyToken cuts in from cryptocurrency market services and provides users with objective and neutral data and information. After half a year of product iterations, it has become the most popular market in China with the most active users [MyToken White Paper].
With the continuous improvement of the integrated ecosystem of MyToken, the continuous penetration of mobile Internet in reality, and the huge development prospects of the blockchain industry, MyToken will allow users to form path dependence. Once the user's path dependence is formed and the user's stickiness increases, the impact on other market APPs is enormous. The integrated ecological construction is a long process. Holding MT tokens is a long-term value investment.
to sum up
This article analyzes the MyToken project in a time dimension. From the perspective of investors and project parties, six different needs and pain points determine why the MyToken project needs attention; from MyToken's project vision and application scenario, it explains the investment logic - Why MyToken is worth investing in; Finally, from the entire blockchain The prospects for the future development of the industry cut in and explain the long-term significance of integrated ecological construction for the industry and investors.