3. One major fundamental weakness for many blockchain projects is

Question

3. One major fundamental weakness for many blockchain projects is

an unsustainable fee vs reward model. What is the business model of Plena Finance that enables it to generate revenue and remain sustainable for the long term?

https://twitter.com/Idee001/status/1693935249183404460?t=05lvMtERW3NaGNEf5Ea0ow&s=19

#cryptocurrency #de-fi #english #reef

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23.08.2023

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Sparsh | Plena Finance · Accepted Answer

I couldn’t agree more. You see a lot of projects in the space that aren’t generating revenue and are solely dependent on their tokens. However, our business model and incentivization strategy are different from those projects. We’ve designed our smart contracts in a way that when we start generating revenue, 60% of the revenue will go to our token stakers, and 15% of the revenue will be used to buy back the tokens from the market and used to incentivize the app users. This will increase the number of token holders and also support the token price in the long term.

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