🚨 Giveaway 🚨
Missed out on the community WL?
Don’t worry, we saved some WL spots for our Twitter family!
To qualify for this WL giveaway all you need to do is like + RT this post +tag 2 friends below 👇
The winners will be announced here this Friday!
Lfgg Olympians⚡️
We are going to come out and say it.
Nodes-as-a-Service is inherently flawed. Yup, we are a NaaS protocol coming out and saying it - straight up. How about a lil’ thread (with some goodies at the end).
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For those that don’t know, we are transitioning to a DaaS protocol where nodes aren’t necessary for our growth, but we did initially begin as a NaaS. For those unaware, node protocols were spawning out of thin air on various layer 1’s during a time many refer to as DeFi 2.0.
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However, these node protocols did not function like the typical node protocols that were providing an infrastructural service to help maintain layer 1 protocols. Instead, these were “simple, few-click set-up nodes” that delivered passive income in a native token.
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Other than being able to connect RPC endpoints to help decentralize the protocol a tiny bit, that’s all those nodes did. They spat out a new token that did nothing. At the time, two of the best known protocols that spat out tokens for passive income were $STRONG and $THOR.
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For those in early enough, yearly salaries were being printed in days and waves of buyers flooded the markets to create nodes, earn more income, compound more earnings, and sell off into stables to truly see their passive income create buying power in the real world.
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After some time, the prices saw constant declines due to the sell pressure of investors desiring stable coins instead of reward tokens. Essentially, the tower started to fall. The seams of these NaaS protocols started to tear. The foundation, crumbling.
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Inherently, nodes as a service does not work. Selling the native token for passive income means that the coins ONLY utility, its only use case: to be sold. When the utility of the coin is to be sold and do nothing else, it’s utility is built to decrease its price…forever.
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This is actually true for any coin that does nothing. Unless of course, more buyers keep flooding in, which means that it will still eventually die. But as we saw through this recent bear market, without new buyers the price of the coin drops and the protocol vanishes
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Luckily, we have extremely strong communities and team members in $THOR, $ZEUS, and a few others, that we were able to weather the current storm together, but otherwise the NaaS landscape has become barren. There’s barely any growth.
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With our rebrand & transition into becoming a DaaS, we are providing passive income without the need to sell $ZEUS, but instead we provide passive income by staking our token and earning $USDC.
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So here, we see staking earns the $USDC that you want, not from just selling $ZEUS. We chose this path because we wanted to provide our investors with an opportunity to receive dual-income.
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We see that this opportunity can help our investors buy dips during bear markets with their $USDC passives, while also capitalizing on the bull markets by seeing $ZEUS increase in price.
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In the long-run, investments come out positive. Inherently this does not serve as a reserve currency by any means, but can still be seen as a way to ‘reserve’ your capital to essentially ensure growth in the long-term.
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In preparation for the release of our Single Side staking utility, we are giving away 500 $ZEUS tokens! All you must do is simply RT this thread to enter. We will randomly select a winner & announce the winner in this thread upon the release of our SSS.