@WesWadejr one more question if you have the time! Does

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LGCY Network

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@WesWadejr one more question if you have the time! Does

this revolutionary concept of funding the token based on usage, transfer to other tokens built on LGCY?

#blockchain #cryptocurrency #english #lgcy

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17.03.2022

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Providing Clarity (WILL NOT DM FIRST) 💪 Автор вопроса

Wes | iMissTaz
Since Usdl is actually the main token on the netwo...

I see. That mechanism makes total sense. Same structure as the Dev fund. I wasn't sure if creating a token in general meant you always have to fund your token with millions of dollars. Was wondering if a token can just be created, and then start to be used. Which I guess was my question in being similar to USDL in that Usage will be what will back it.

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17.03.2022

Wes | iMissTaz

Providing Clarity (WILL NOT DM FIRST) 💪
I see. That mechanism makes total sense. Same stru...

That really just depends on the nature of its usage. Some apps require a ton of transactions a second and others only a few.

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17.03.2022

Providing Clarity (WILL NOT DM FIRST) 💪 Автор вопроса

Wes | iMissTaz
That really just depends on the nature of its usag...

Very true. Okay great, thank you!

0

17.03.2022

Wes | iMissTaz · Accepted Answer

Since Usdl is actually the main token on the network, it’s the gas for all the dapps built on lgcy. Ideally this means that projects should be able to have a more balanced approach to budgeting, especially in terms of paying devs. For example, a project in theory would hold and stake lgcy for a usdl payout and use that for paying their team/devs. I’m turn this should mean they don’t have to sell any of their tokens for self funding. So in a roundabout way I guess it certainly helps the overall health of the projects/network.

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@WesWadejr one more question if you have the time! Does

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