If crypto lived up to the hype you'd shrug off being debanked. Perhaps we need this to remember what our objectives were and why we have currently not succeeded. Crypto has been derailed by VC and Ponzi tech that does nothing to protect us from governments.
The first $tBTC has been pre-converted into the $KAIJU Multi Asset Basket currency on #Verus
tBTC is in the reserves of Kaiju along with Ethereum, Tether, and Verus
Thank you to @tBTC_project for creating tBTC
It is a great decentralized way to add Bitcoin to the Verus Internet Protocol.
$KAIJU is a cryptocurrency that is also a protocol level AMM with #Bitcoin#Ethereum#Tether, and #Verus in its reserves. Why hold Kaiju?
The very talented @M_eyse in the Verus community has detailed the benefits of holding Verus AMM currencies $PURE & $SWITCH that recently launched
In terms of KAIJU, it works the same way.
A benefit of holding Kaiju is that the currency accrues conversion fees. When users convert from Kaiju to tBTC, ETH, USDT, VRSC(or vice versa) they pay a conversion fee of 0.025%.
When users convert between VRSC, tBTC, ETH, or USDT they pay a conversion fee of 0.05%.
Half of those conversion fees (50%) stay in the Kaiju reserves, increasing the value of Kaiju since no new Kaiju is minted. The conversions are MEV-resistant and verified by the miners and stakers of the protocol.
You can read the full $Pure article by Max below
$PURE is a Verus Multi Asset Basket currency that is backed 50% by Bitcoin via $tBTC and 50% Verus $VRSC
https://t.co/tc5MGiykjV
Shorter version of the $KAIJU launch video
Kaiju is a Multi Asset Basket Currency that is the first to feature #Bitcoin (vis tBTC) #Ethereum, #USDT, and $#Verus in its reserves
https://t.co/4WlQYQj2Lf
Casual reminder there's no web3 or DeFI on #ethereum. The whole thing is a stack of cards built on trust in Centralized middle men.
You might make some $ in the casino, but this is not the future of finance.
@redcobolt @GabeSteel @michael_saylor Either bitcoin succeeds in becoming the global currency or it fails. Rewards are irrelevant other than providing a timeframe. I.e. the mining reward becomes that the new financial system doesn't implode.