BNB
by BSCN
July 7, 2023
Exploring the unique mining model Driving exponential growth for FDO.
In the following article, we will show you how FDO tokens can grow a thousand times in value in a short period of time, and how they can continue to grow through a unique mining economic model.
First and foremost, it is important to understand that FDOBANK operates with multiple economic models. Within FDOBANK, there is one bank economic model and three mining mechanisms. These models work together to achieve a closed economic loop through continuous and proportional deployment.
The first mechanism is known as destruction mining. As the name suggests, destruction mining involves the destruction of coins, using 80% TUD and 20% FDO, to generate FDO. In the online destruction mining process, a significant amount of market TUD will be destroyed. This method is the fastest way to obtain FDO. When a large quantity of TUD is destroyed, even though TUD is a stablecoin, its original ratio of 1:1 with USDT will increase. The ratio will change to 1:1.1 and then 1:1.2, resulting in a premium for TUD that will impact the FDO banking sector.
FDOBANK financial services is currently the only platform capable of generating TUD. As a result, the income of the financial sector relies heavily on the premium associated with TUD. This premium attracts more individuals to join the financial sector, leading to the initiation of the first wave of FDO's core economic closed loop. As the number of people entering the financial sector increases, the output of TUD also rises. Consequently, the prices of TUD start to decline.
At this point, FDOBANK recognizes that the cost of holding FDO is too high for individuals, which discourages them from choosing destructive mining. Instead, they opt for FDOBANK's lossless mining, thereby promoting the second wave of FDO's core economic closed loop.
FDO lossless mining is the only method to generate FDO without causing its destruction using TUD. As the second wave of the core economy comes to an end and more individuals engage in lossless mining, the price of FDO will once again rise daily through the minting model. This increase in price leads to a higher circulation rate in the FDO market, enabling more users from the secondary market to buy on the decentralized exchange, Pancakeswap, thereby initiating the third wave of the Core Economic Closure.
As additional FDOs are created and flow into the secondary market, the turnover rate of FDOs will rapidly increase within a short time. The fees generated from this increased turnover rate will be directed to the LP mining bonus pool, consequently boosting the revenue for users engaging in LP liquidity mining. These users, upon joining, will once again participate in destruction mining by utilizing the FDOs purchased on the decentralized exchange. This process will contribute to the advancement of the fourth wave of economic closure.
When the fourth wave of economic closure occurs, the FDO will not be at a rapid premium, and the ratio of destructive mining will be readjusted. This will initiate a new cycle of economic closure, leading to a perpetual appreciation of the FDO.
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