(BlockBar) Since Cheng Jun, the COO with BigONE platform, announced the release of the strategic plan earlier, the enthusiastic market reaction can be seen from the price of ONE, which has already risen by about 60%, breaking through 8 cents. At present, the price of ONE is stable at 7 cents.
The focus of this strategic upgrade is reflected in Cheng’s live broadcasting and the follow-up announcement of the website: BigONE invites all participants in the block chain to help destroy ONE. For each ONE destroyed, BigONE sends digital currency with a value of 0.14 USDT (1 CNY) as a reward. BigONE set up an “exchange pool” to give rewards. All the transaction fees in this platform went into the “exchange pool”. In order to demonstrate their determination, the team first injected 7 million USDT equivalent digital currency into the “exchange pool”. If users become VIPs of the platform or invite others to become VIPs, they can enjoy the distribution of “contribution value” every day. Once every 10 million copies of “contribution value” are issued, it will open a repurchase destruction, while the amount of the repurchase is 1 million CNY equivalent digital currency. After the remaining fees in the exchange pool are larger than the total market value of ONE, it will enter the next stage of ONE strategic upgrading.
On the premise that the rights and interests of ONE holders remain unchanged, the upgrading of platform currency strategy will give users more opportunities to participate in platform construction and more tangible high returns, rather than overthrowing everything from scratch.
In this strategic upgrade, BigONE decided to concentrate the value of ONE in the “exchange pool”, and introduce users to gain “contribution value” through transactions. It’s used to form a reinforcing circuit of increasing common interests between users and exchanges. Cheng once said in a live broadcast that companies in the block chain industry should have the spirit to reshape production relations.” In other words, BigONE, its users and ONE holders were all go it alone, and their interests were weak before.
Under the new rules, the original ONE holders will have a strong incentive to trade in BigONE and invite friends to BigONE, thus bringing endless users and effective transactions to the platform. Furthermore, with the gradual growth of BigONE and the improvement of platform, the growth of transaction fees will attract more users with needs to register and trade in BigONE and become new ONE holders. In this way, the flywheel effect of continuous positive cycle is formed, and the win-win situation of users, ONE holders and BigONE is realized——the platform gains more users, users get a better trading experience, and ONE holders get sustained growth benefits.
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