#ngk token

The blockchain industry is so popular this year, whether it is fecoin or DEFI mining, they all skyrocket. After all, everyone is attracted by the YFI’s 12,000X mining return. Therefore, mining means catching the express train of wealth, which naturally attracts everyone’s attention.

As the current rising star, the NGK is well received by investors. After the mining boom gradually extinguished, the mining projects it created have set off a new round of mining boom in the blockchain field. Many users are creating new wealth stories through NGK.

NGK blockchain seizes the top mine and create unique assets

The NGK blockchain seizes top mines, distinguish large coin holders, and eliminates the potential of selling pressure. The rise in currency prices will increase the difficulty of promotion. As mining continues, the difficulty of mining increases, and the NGK will become more and more difficult to be obtained. At the same time, the NGK blockchain ensures that users can enter and exit freely. It supports pledged mining, and the settlement rules of the mining pool are open and transparent, which can be queried. All rules are written on the chain through smart contracts.

Mining ecology: DEFI liquidity pledge mining

The success of BTC is the best explanation. It has unique design and an automatic digital network system. After ten years of experience, BTC has developed into a product with a market value worth US$200 billion. It goes without saying that the same is true for the NGK blockchain. In addition, during the rise of the DeFi concept, the NGK blockchain implanted the DEFI liquidity mining project (i.e. Baccarat) to create a thousandfold token (i.e. BGV) to bring new life to the NGK blockchain. With that, it has ushered in a new era in the mining industry.

Strong NGK autonomous community

The ecology of the NGK blockchain belongs to global community autonomy, it is flat and autonomous. All communities have the right to advocate the ecological development of the NGK blockchain, giving full play to their own advantages and combining the NGK tokens to jointly build an NGK ecology. The ecological development of NGK promotes the community development, and at the same time, the community is the best proof for the popularity of the NGK project. According to third-party statistics, since the launch of the NGK mining project, the community discussion of NGK mining has shown a straight upward momentum. In addition to the official NGK group, there are thousands of social groups, communities, and online sharing sessions. This popularity has prepared the fuel for the development of NGK ecology in the future.

Sufficient marketing and promotion to drive market enthusiasm

The blocks in the NGK blockchain system are like electronic bills, which record the transaction information of all nodes. Each block data of NGK is stored in the customer node, and all nodes together form a safe and reliable distributed ledger. Even if the data of any node is destroyed, the system will not be affected. The entire NGK system has a high degree of transparency and openness. In addition to encrypting the private information of all transaction parties, the sharable information will be disclosed to everyone, and the public data can be queried through an open interface.

 The NGK miners is responsible for the safety of the Layer 0 consensus layer by storing more capacity data. A more secure consensus layer can attract more business applications. Miners can also obtain tokens from multiple chains in the parallel mining process to increase profitability.

From the perspective of miner ecology, the ETH upgrade to 2.0 and 1.0 mining opportunities become inapplicable. In addition, miners may be eliminated after the BTC halving. Will the changes in these industries benefit the NGK ecology?

 It is a huge project to switch from the current Ethereum 1.0 to the Ethereum 2.0, and its consensus mechanism will shift from POW to POS. With the transformation of the consensus mechanism, the mining method of Ethereum will also undergo tremendous changes. Nowadays, the GPU miners used by Ethereum 1.0 miners include GTX1060, GTX1070 and GTX1080. Most of them are expensive and consume too much energy. While Ethereum 2.0 mining will no longer require strong computing power as a guarantee. Therefore, the huge amount of mining hardware from Ethereum miners needs a suitable place.

 After the BTC halving, a considerable part of the miners was eliminated due to the excessively high ratio of "electricity fee/revenue". In addition to the BTC ASIC mining machine, these miners also have hardware equipment including factories, racks, power supplies, and networks, which are reusable.

 For NGK, the GPU equipment eliminated by Ethereum can be used for NGK P drive. The professional hardware equipment of BTC miners can purchase additional hard drives for the NGK hard drive mining. Compared with PoW, it has extremely low mining energy consumption.

 Under the NGK consensus, the consensus of multiple chains is completely consistent at the DB layer, because the same consensus layer is used. The difference is that, according to different chain strategies, there are different query methods at the Spacekeeper layer. At the same time, there are different block production rules at the PoCMiner layer.

 NGK is an open source project, allowing anyone to participate. There are many supporters of NGK ecology in the market.

There are three topics discussed in this article. First, we will discuss about Bitcoin. I guess many people here are concerned about how the price of the currency goes, so let’s talk about the general environment of Bitcoin. Secondly, we will share some interesting things about DeFi, and thirdly, we will discuss about the opportunities of the NFT.

One of the most important characteristics of Bitcoin is its antifragile. For example, since the epidemic last year, Bitcoin has achieved great trend and surpassed all assets, including the US stock index, silver, and gold, it is riding on all assets in the world. This means that when most of the old markets were still emerging markets, large institutions and large players had not yet fully entered the market. We can now see the world’s richest man buying and the Tesla using Bitcoin as an asset reserve. Bitcoin is a very good asset in the context of weak global liquidity.

Secondly, everyone cares about who is buying Bitcoin. The most important point is overseas investors, as they can buy Bitcoin with one click. The other is the Grayscale Bitcoin Fund, which is well-known in the industry. We can see that Grayscale manages 650,000 bitcoins from its emergence to the present, accounting for 3.5% of the entire bitcoin circulation. We see that more institutions are gradually increasing their holdings of Bitcoin, through different funds, methods, and entities. With that, the speed, quantity, and quality of the entire institution’s purchase of Bitcoin is increasing substantially in general. The main targets for increasing holdings are overseas investors and the overseas institutional investors. They buy bitcoins unlike retail investors. Tesla will not sell them, and Musk will not buy them on Twitter. The bitcoins produced every day are bought through large institutions and large companies who will not sell them. They are used as asset reserves, and they have many advantages as asset reserves. First, they can issue bonds, use as collateral, and refinance. Therefore, the utilization rate of capital is very high, which is a growth factor.

In addition to the spot market, another important point is derivatives, which are several times larger than the spot market.

Bitcoin has been through for 12 years. During the most recent halving, there were 312 before the halving. Then, the entire crypto industry was blood bathed. Despite the ups and downs for 12 years, it is still going strong. It ushered in a new high after each correction. Therefore, Bitcoin fully embodies the anti-fragility, and it can reach a better state than before through each evolution.

In the second part, I will tell you about DeFi, a programmable finance. As of April 7th, the third-party data of locked assets exceeded US$82.5 billion. It was US$15 billion when I presented it a year ago. It has increased by 7–8 times within 6 months. This is an amazing speed. The trading volume of Ethereum is 63 billion, the trading volume on the chain is huge. There are various collaterals on DeFi, stablecoins, synthetic assets, Bitcoin, and Ethereum. You can turn Bitcoin into WBTC or HBTC. In the past, Bitcoin used third-party lending to obtain interest or arbitrage. Now Bitcoin uses on-chain to guarantee the security of lending through contracts. The current interest rate is about 15%, which is an amazing speed. DeFi is so magical. In Q1, there are 458,000 independent daily active wallets in the entire blockchain industry.

Following the announcement of Bitcoin adoption by traditional financial giants Morgan Stanley and Visa, the price of Bitcoin continued to consolidate between US$53,600 and US$61,500. It is reported that Morgan Stanley has launched three Bitcoin investment tools that can provide services to high-net-worth clients and investment companies, while Visa has followed the pace of MasterCard, and it will support the purchase of Bitcoin through the Visa network.

 Obviously, the impact of Bitcoin on global investors is becoming more prominent.

 Retail investors are accumulating Bitcoin. Since March 2018, the BTC holding addresses with not more than 1 BTC have been rising, and the percentage of BTC accumulated by these addresses in the total amount has also been increasing. Three years ago, the number of BTC held by such addresses accounted for 3.97% of the total supply, and it accounts for 5.2% now.

 The continued accumulation of retail investors shows that the participants' willingness to HODL is very strong. After experiencing Black Thursday on March 12, 2020, we immediately observed a significant increase in the number of addresses holding 0.1 BTC -1 BTC. Although the total number of BTC in this type of address dropped slightly after the price of Bitcoin rose to US$42,000, the current holdings have risen to the historical highest.

The BTC whale wallet address is relatively unchanged. Interestingly, although we continue to see retail investors accumulating BTC, the holdings of large wallets (>100BTC) have not changed much in the past three years. There is supply for Bitcoin holding of 100 BTC and above. The total number of BTC held by such wallet addresses currently accounts for 62.62% of the total supply and has increased by 0.87% in the past 12 months.

 The wallet balances of these big wallets have also been shuffled, which may be due to cold storage or custody arrangements. Since BTC broke through US$20,000 in December 2020, we have seen roughly the same and opposite changes in the balances of large wallet holders:

Fish up to octopuses (10 BTC-100 BTC) have reduced their Bitcoin holdings by 56,000 BTC;

 Dolphins and sharks (100BTC—1000BTC) have increased their Bitcoin holdings by 331,000 BTC;

 Regular whales and blue whales (1000 BTC-10000 BTC) have reduced their Bitcoin holdings by 307,000 BTC;

 Judging from the net BTC of these holders, we see a decrease of approximately 32,000 BTC, which is only 0.24% of the total amount of such addresses.

 At the same time, retail holders accumulated approximately 29,800 BTC at the same time, which indicates that BTC wealth is gradually shifting.

Following the announcement for the further adoption of Bitcoin by the traditional financial giants (i.e. Morgan Stanley and Visa), the price of Bitcoin began to fluctuate between US$53,000 and US$60,000. It is reported that Morgan Stanley has launched three Bitcoin investment tools that can provide services to high-net-worth customers and investment companies, while Visa is following the pace of MasterCard, and it will support the purchase of Bitcoin through the Visa network.

 Obviously, Wall Street's giants have embarked on the Bitcoin market, hoping to make profits from it. From another level, the impact of Bitcoin on global investors is becoming more difficult to ignore.

 However, recent data shows that Bitcoin whale addresses are significantly reducing their holdings, and currently they have reduced their holdings of about 307,000 BTC. Some token researchers warned that Bitcoin is entering a dangerous period, and big players are causing selling pressure. Now Bitcoin may have entered the second half.

Unlike Bitcoin's sudden drop in holdings, the NGK token has seen a surge recently. Thanks to this surge, the price of NGK token has risen for many consecutive days, and it has now reached US$1.6.

 The surge in NGK token holdings this time does not mean that whales have flooded into the NGK token market with a large margin. This is because the NGK blockchain has strictly controlled the proportion of large-scale holdings. In other words, even if the large-scale whales have many funds, they cannot simply buy the NGK tokens they want. In the NGK blockchain, the interests of NGK users are always the priority, and it always considers from the standpoint of small and medium-sized retail investors.

  Therefore, this surge in open interest is more likely for the entry of small and medium retail investors. They trust the NGK blockchain and the NGK token enough. In their eyes, the NGK tokens are digital tokens that are more expensive than BTC, which can bring them value and profit.

 The price increase of NGK tokens is not only affected by this factor. This is because NGK, as the main blockchain of NGK tokens, is very powerful. At present, the NGK blockchain is actively deploying new areas, and I believe that related applications will be launched soon.

 At the same time, the NGK blockchain will also be implemented in the physical industry to promote the digital construction of the physical industry. Therefore, the NGK tokens has huge space for growth.

NGK is the incentive layer and the governance token of the NGK blockchain. Since the underlying structure of the NGKEX is built on NGK blockchain, the NGK is also known as the platform token of the NGKEX, and it enjoys multiple rights and benefits. At the same time, NGK also will continue to be destroyed for deflation, increasing its value.

The total issuance of NGK is 1 billion units, of which 60 million have been mined as seed funds, while the remaining 940 million are produced through block mining. The NGK can produce a block every 3 seconds, and the sequence of generating the blockchain is preset. At this rate, the 21 block producers can mine for 6 years and 98 days. It is worth mentioning that the mechanism is on the chain. Once it is activated, no one can ever change the rules.

Rights and application values of NGK

As the platform token of NGKEX, the NGK can provide technical services for the NGKEX. Moreover, the exchange is in a leading position in the blockchain industry and a concentrated place with a wide range of income sources. For example, user transaction fees, technical fees for currency listings, OTC merchant service fees, mining pool revenue, consulting fees, etc. Therefore, the application scenarios of NGK are extensive. All operating expenses of the exchange can use NGK or obtain corresponding services through pledge. Holding NGK has the following rights:

1. Global currency exchange, global application

2. The value will appreciate as the trading platform develops

3. Deduction of handling fees

4. Trading platform voting and governance rights

5. Eligibility for token listing on the platform

6. Mining with coins

7. OTC merchant opening

8. Platform dividends

NGK blockchain token value

NGK is the governance token for the NGK blockchain, and it is also the value carrier of the blockchain.

As the native token of the NGK blockchain, NGK will be periodically destroyed using a black hole mechanism, which is extremely deflationary, just like Bitcoin. However, compared with Bitcoin, NGK tokens can be used in the circulation of the eight major sectors. From this point of view, it can be said that part of the application has been realized in the initial stage, and related institutions and capital can effectively contribute to the blockchain. The ecological construction will also bring a certain amount of traffic to the blockchain. Therefore, NGK, as a token with application scenarios and values, is destined to have a final value far exceeding other blockchain project, except BTC.

NGK investment return

It is worth mentioning that investing in NGK to buy computing power is equivalent to buying a mining machine, mining every day, and getting NGK tokens according to the amount of daily investment. The principal and income of the computing power can be converted into USDT at any time. When selling it on an exchange, the deposits and withdrawals are all in USDT, it has no lock-up and no re-investment. The company issued 1 billion units of NGK tokes, which will be completed it in 6 years and 98 days with 21 block producers. This means that buying computing power is like buying a cash cow, and you can obtain profits every day for 6 years!

The funds for the new US economic stimulus plan will be deposited to bank accounts later this week. Earlier statistics showed that US retail traders are preparing to invest billions of dollars in the cryptocurrency market to accelerate the cryptocurrency frenzy since last year.

According to a survey conducted by the Bank of Japan and Mizuho Financial Group, part of the US President Joe Biden’s US$1.9 trillion relief bill will be invested in the cryptocurrency field in the next few days. This means that retail investors will buy nearly the value of US$40 billion in cryptocurrency.

Among them, 40% said that they will use part of the stimulus funds to invest in cryptocurrencies or stocks. The survey pointed out that US$40 billion of the US$380 billion stimulus plan will be invested in the cryptocurrency market.

The continued economic stimulus in the United States have brought benefits to a series of tokens on the NGK blockchain. As we all know, the NGK blockchain has always been concerned by many ecological builders as an emerging blockchain. The advantages of NGK blockchain, such as low fees, fast transaction speed, and no network congestion, have been recognized by many ecological builders and even institutions. Therefore, every time the NGK blockchain launches a project or issues a token, it will be sought after by many ecological builders. Earlier, the increase in the price of each token for NGK, BGV, SPC, and VAST was closely related to the promotion of ecological builders. In particular, the recent continuous rise NGK tokens has steadily broken through US$1.4, and it is moving towards US$1.5. This is related to the large-scale capital entry of ecological builders.

Coupled with the rapid rise and fall of Bitcoin and the “junk coin” Dogecoin, retail investors and some institutions have lost their confidence. They are more focused on the emerging cryptocurrency field.

Some analysts stated that if the previous rise of tokens on the NGK blockchain was based on the strength of technology, then this rise is based on the trust of the market.

Earlier, the NGK official announced that the NGK blockchain has sold 8.8 million T, and this value is still rising. In addition, the number of newly registered accounts on the NGK official website and the inflow of funds have increased significantly. It is believed that the new U.S. economic stimulus policy will further boost the tokens on the NGK blockchain.

From a technical perspective, NGK tokens have entered an upward trend and coincide with the upper track of the Bollinger Bands, which shows that NGK tokens have strong support. In the next two to three months, the NGK tokens will continue to rise.

Since the second half of last year, the digital asset market has reached a climax. The integration of digital assets represented by Bitcoin and traditional finance has deepened. Institutional investors have continued to flood in. There are multiple areas in the industry, especially the rapid development of DeFi, which directly brought new investment methods to the market, setting off a round of upsurge after another.

On the other hand, as the key infrastructure of the industry, the derivatives business provides users with diversified investment and risk hedging tools. At the same time, it also ushered in more rapid development, among which NGK has always maintained a leading position in the industry. Therefore, the NGK officially launched the NGK Hundredfold Energy Program to thank users for their long-term support and assistance. Millions of NGK tokens are waiting for you. Ecological builders can participate to share the NGK token rewards after completing real-name authentication.

The NGK official recently upgraded its rebate mechanism, which is still based on a single account. This means that the NGK’s unique account system will support the existence of multiple accounts, and the maximum duration is permanent rebates. The industry KOLs, well-known media and institutions can contact the NGK official to share the NGK ecological industry development dividend.

The activity rules for the NGK Hundredfold Energy Program are as follows:

Activity time:

After March 18, 2021, the specific time shall be subject to the official announcement;

Activity URL:

https://ngk.io/；

Activities:

1. Complete the real-name authentication, you can get 1 NGK token; the current price of the NGK token as of press time is US$1.44;

2. Recommend to your friends, up to 10 people, plus your real-name account, you can get up to 11 NGK tokens;

3. Purchase the first-level of computing power, activate your account and real-name authentication, you can participate in this activity unlimitedly and get unlimited NGK tokens;

Note: Event rewards will be uniformly distributed to the user’s real-name account. If you did not fill in the recommendation code, the reward will be deemed as a forfeit.

There are three results for this event:

1. Allow more low-level users to understand and participate in the NGK,

2. Allow users with 200U computing power to earn more money by sharing,

3. When more people participate, the turnover rate of NGK and its value will be higher.

Precautions:

1. This event is limited to NGK official account only;

2. Users must submit a UID form to participate in the event.

The link to the event registration form is as follows: https://ngk.io/;

3. The reward will be issued to the user’s account within one week after the end of the event, please pay attention to the notice;

4. Digital asset trading is an innovative investment product with high risks and professionalism. Please make rational judgement and investment decisions prudently;

5. During the event period, if any account has malicious actions, the platform has the right to cancel the qualifications;