🔁Mario Nawfal:
PARTNERSHIP: Bitcoin as P2P money has so far done a bad job. Currency must circulate but Bitcoin still fosters hoarding in hopes of higher future prices and speculative mania.
@Vowcurrency, a free-floating, ERC777 token is trying to introduce a cryptocurrency in the right sense.
Vow aims to create a viable form of money by letting communities and retailers digitize their discount vouchers - a $7 trillion industry - which brings forth a new form of decentralized value transfer.
The purpose of Vow is to provide nodes on the network (e.g. businesses) the ability to issue fixed-value tokenized currencies called Voucher Currencies which are fully under their control. Digital discount vouchers are outside the scope of crypto, stablecoin, and E-money legislation.
This is done by introducing a unique token-economic model which incentivizes every single retailer to become part of a massive distribution and acceptance layer around the world.
One in which fiat conversion does not need to occur.
A new, viable, non-speculative form of money, created by private entities themselves. Just like before the advent of the Federal Reserve.
Know more on and tune in to their live show at 1:30 pm EST.
Disclaimer: We do not provide financial or investment advice of any kind; we’ve been compensated for this post. Always do your own research, as cryptocurrency prices can be extremely volatile.
https://x.com/MarioNawfal/...
PARTNERSHIP: Bitcoin as P2P money has so far done a bad job. Currency must circulate but Bitcoin still fosters hoarding in hopes of higher future prices and speculative mania.
@Vowcurrency, a free-floating, ERC777 token is trying to introduce a cryptocurrency in the right sense.
Vow aims to create a viable form of money by letting communities and retailers digitize their discount vouchers - a $7 trillion industry - which brings forth a new form of decentralized value transfer.
The purpose of Vow is to provide nodes on the network (e.g. businesses) the ability to issue fixed-value tokenized currencies called Voucher Currencies which are fully under their control. Digital discount vouchers are outside the scope of crypto, stablecoin, and E-money legislation.
This is done by introducing a unique token-economic model which incentivizes every single retailer to become part of a massive distribution and acceptance layer around the world.
One in which fiat conversion does not need to occur.
A new, viable, non-speculative form of money, created by private entities themselves. Just like before the advent of the Federal Reserve.
Know more on and tune in to their live show at 1:30 pm EST.
Disclaimer: We do not provide financial or investment advice of any kind; we’ve been compensated for this post. Always do your own research, as cryptocurrency prices can be extremely volatile.
https://x.com/MarioNawfal/...
7 days ago
