Hi, can someone explain what drives the organic increase in

Question

Hi, can someone explain what drives the organic increase in

$NANO value? Other than market conditions, etc. What is the direct connection that drives us value up? Fees are low, if there are any, scarcity doesn't seem to be created. I'm not sure. Get interested in investing into a DAG project and NANO is on my shortlist. Thx

#cryptocurrency #english #nano

0

16.11.2024

4 ответов

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EugenM Автор вопроса

Erdelanax
No fees on nano. No new coins emitted. It's a coin...

Could you please expand a bit on this? How does usage without fees translate into an increased NANO token value? Is it through scarcity, as users by the turn to purchase the services? If so, without fees, isn't scarcity produced by a transaction in NANO undone immediately when the merchant converts the NANO to BTC, or any other token, or off ramps to FIAT?

0

1 месяц назад

Erdelanax

EugenM
Could you please expand a bit on this? How does us...

If you want people to use something, it's better when it's feeless, especially if you want to be natural and regular. Move any money with fees, no matter how small is the amount, will make people reluctant to spend it. Imagine you want to buy a Hot Dog but the cost of the transaction is higher than the price of the Hot Dog, will you buy it? For example, with Nano GPT, you can spend your nano to use chat gpt with very small amounts. It would be impossible with Bitcoin, as one transaction would cost more than the service itself. Who would do such a thing?

0

1 месяц назад

Erdelanax

EugenM
Could you please expand a bit on this? How does us...

If the merchant wants to convert nano to BTC or even fiat, it won't produce more nano, it will put it in the hands of the right people.... You may have 10,000 holder than convert in BTC or fiat any time they make profit or just 1,000 holder that will hold in nano because they understood it's better to keep nano if they want to use this money.

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1 месяц назад

Erdelanax · Accepted Answer

Erdelanax

No fees on nano. No new coins emitted. It's a coin meant to be used so what drives the value up is usage. https://hub.nano.org/merchants Feel free to add your business here

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1 месяц назад

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