Panoramic interpretation of the next crypto investment boom MEGPosted by Fleming Falk on January 11th, 2021 Just as there are no two identical leaves in the world, there are no two MEGs exactly the same in the world. The defied DeFi boom has brought a lot of hot money to open finance. Investors are eager to find the next crypto investment target for this money. Some people predict that MEG will be the next investment boom. As retail investors, we cannot evaluate such judgments, but at least we must understand what MEG is and what possible uses it has before investing. After all, to understand and buy is the basic quality of a value investor. To this end, Mr. Xiaping Cao, an old player in the MEG field and managing director of the MergeGlobalChain Foundation, gave an overall introduction to the application landscape of MEG, allowing people to truly realize the charm of MEG and its potential. Before explaining what Megcoin is, let's take a look at what Fungible Token is. Fungible means homogeneity. Homogenization means that one token and another token are not different. Each has the same face value, so they can be interchanged. Similar to the currencies we usually use, the same face value can be interchangeable or Used to buy its goods. For example, a bill can buy a hot dog. Most cryptocurrencies are homogenized tokens, such as Bitcoin and Ethereum as we know them. Although their prices fluctuate from time to time, the homogenized tokens have the same face value, so they can be used for transactions as general equivalents and have a higher level of liquidity. The full name of MEG is MergeGlobalChain, which translates as fusion global chain. From the name, we can see the ambitions of the creators. In fact, the same is true. MergeGlobalChain believes that each MEG is irreplaceable and unique. Just as there are no two identical leaves in the world, and there are no two identical MEGs in the world, this means that it cannot be exchanged one-to-one, and it is very difficult to trade because of the valuation of each. The simplest example is that MEG representing works of art cannot be exchanged. For example, the portrait of Mona Lisa displayed in the Louvre and the graffiti of children's hand-painted works must not be exchanged, because the two are very different in value. Technically, the main and sub-chains are closely integrated through data interaction, which not only can synchronize blockchain ledgers at the technical level, support cross-chain transactions, but also build an economic model of digital asset circulation at the incentive level. The native digital asset of MergeGlobalChain is defined as MEG (Merge Coin)-generated through the main chain PoW mining, used for bookkeeping incentives and consumption circulation. The total circulation of MEG is positively related to the number of sub-chains and the demand for MEG within the sub-chains. The preset contract can dynamically adjust the total supply of MEG according to the algorithm to meet user demand for MEG and balance resource prices. In terms of application, MEG has truly been implemented. In order to ensure the vital interests of every member of the community, MEG firmly integrates supervision, and while ensuring the principal of the members, it can also realize the steady MEG held by the members. Value-added. MergeGlobalChain is committed to aggregating the global R&D strength of the community to promote the evolution of blockchain technology and the establishment of a distributed digital economic ecology with equal emphasis on compatibility and practicality.Like it? Share it! More by this author |