Creation of new capital, bypassing old money
What we see in the world today is wage stagnation and an increase in working hours. Labor productivity has increased thanks to highly skilled workers and automation. Wages are declining due to inflation and rising cost of living. This means that the average worker does not benefit from the growth of their country’s economy on a global scale.
As we move into the future, there is less incentive to participate in this losing battle. A deficit-based economy is a zero-sum game. No amount of effort and hard work will lead to a fair distribution of resources. Among ten equally qualified candidates for one position, only one can win. But that doesn’t mean the other nine didn’t work hard enough.
How does the community set its own rules? You should start by creating your own money. Currently, fiat money is a tool that humanity uses to facilitate transactions. Without fiat money (dollars, euros, rubles, etc.), there is no agreed method of exchange, and trading stops. While central banks control fiat, they control the life of the population.
Blockchain allows us, so to speak, to create our own money. Our own method of exchange. Cryptocurrency and NFT are the results of this technology. Currency and assets that no one controls, but which, nevertheless, are reliably controlled. According to Coinmarketrate.com, this control is provided by cryptographic algorithms and automated functions that are impossible (at least not so easy) to crack. The rules are built into the system, and everyone must follow them.
The world of cryptocurrencies is very strange and new for many. But it is growing rapidly, and the participants of the system are rewarded for this growth.
Crypto-enthusiasts believe that the time has come to create their own wealth and build a new world order based on the principles of abundance. Below are several projects that are trying to rebuild society from scratch, and will provide entrepreneurs with the opportunity to become economically independent.
The New Global Bank
Many of you reading this article may be new to cryptocurrencies. If this is the case, then the first thing I would tell them veteran crypto traders at a meeting is to keep their funds in crypto accounts. Banks take your money and invest it in their profits. While your money is lying there, it is slowly burning up due to inflation. You do not get any benefit from the investments that the bank makes. Moreover, banks often charge you money for keeping your hard-earned cash in them. And that’s instead of rewarding you for it.
Cryptocurrency transfers the power of the bank into the hands of the investor. When used correctly, cryptocurrency holders can bet on their tokens and receive a portion of the value created by this currency pool. A perfect example of this is the Decimal Chain blockchain project, with its native DEL token. Decimal Chain is great for beginners, and has lower rates for more experienced users.
You may think that cryptocurrency is unstable and hard to rely on, but there are coins called stable coins, such as USDC and USDT, which correspond to the value of the US dollar. One coin is equal to one dollar. If you don’t want to take risks, you can just use stable coins and still get rewarded for your participation.
A new global community
Decimal Chain paves the way for the creation of a global digital community. The project has many advantages for those who want to conduct their business in the crypto space. Users will be able to create their own cryptocurrencies and NFT. This will allow them and others to invest in their communities to support such powerful initiatives as universal basic income, crowdfunding and mutual aid. Even start your own business.
Everything is possible with a clear, reliable system that you can work with. So we begin to bypass the power of old money, instead of trying in vain to fight it. We can create our own game systems based on the PRIDE Games validator. Systems that reward us for participating, and cannot be controlled by individuals. Build your own virtual world and do whatever you want in it. Set your own rules. Your earnings will be protected by digital vaults and connected to the global crypto-economy of the Decimal Chain.
This is the first step towards creating a unified community of people. And even better – a step towards self-sufficiency and independence.
The New Global Economy
As mentioned at the beginning of the article, e-commerce is rapidly becoming a monopoly. Projects like Splyt should be considered as a possible solution to this problem. The transfer of e-commerce to the blockchain decentralizes the decision-making process and promotes transparency, creating a truly free market that is not controlled by private interests. Blockchain technology takes care of ensuring compliance with rules and regulations. Without intermediaries, everyone is free to join and make transactions without high fees.
If you don’t go into details, NFTs are used instead of ads for the sale of goods. This means that each listing is its own sovereign piece of data that can be moved from place to place within the platform. If you are engaged in affiliate marketing, you know how difficult it can be to sign contracts with brands and collect payments correctly. But if you sell one of the NFTs listed on the platform, you will be able to get a commission even without negotiations.
This will allow partners to manually select NFTs (which represent real products) to fill their online store and sell them to their audience without the need for inventory, paperwork or… anything else. Manage your business without overhead and headaches. After the launch, the project will be integrated with Shopify.
The New Economy
There are many launch pads for launching new cryptocurrency projects, but most of them are very general in nature. They allow you to create a coin and bring it to market. This model is quickly becoming oversaturated. There are hundreds of new coins. If you are a creator and want to develop your community in a specially created ecosystem, there are several interesting launching pads for you.
TokenSociety is a platform for launching NFT and metaverse projects, which incubates, develops and finances the launch of projects on the platform. Filmmakers can create NFTs called Snippetz, which are short clips of TV shows. By selling Snippetz, the director and his team can finance the project without the help and obstacles from investors and production studios. If you are a content creator, you may want to find a similar option to free yourself from traditional fundraising schemes and find your own way.
One of the strengths of a centralized platform is the ability to decide who will use it. As our online communities get bigger and bigger, the right to make decisions becomes a huge responsibility. It may even turn into censorship. When OnlyFans censored the users who helped create it, it was unfair. Fortunately, Splash has created a decentralized marketplace for NFTs dedicated to adult content so that content creators can take control of their finances and own their data.
Finally, an interesting and inevitable project (to be launched soon) is the Starseed DAO, which can be considered a metaverse of talents. This platform will help musicians transfer themselves to the metaverse by creating their own pop star as an NFT. This digital alter ego will be represented by an avatar designed by the artist and his team. By creating a DAO around these individuals, fans will be able to participate and contribute, returning power to the community. The first pop star is called CCisDreaming and will be an example for the future.
If you are a creator who fits into one of these concepts, you may have just found a new way to start your career. Moreover, without relying on the super-rich tech giants, who themselves choose who to elevate and who to ignore.
In conclusion
It is hoped that this review will give newcomers to cryptocurrencies a clearer idea of what this new industry has to offer. Cryptocurrency is not just magic digital money. Each coin represents a project that has something to offer.
The ecosystem itself is an exciting parallel universe of our society, which is not under the control of rich and influential people. If you can find your place here, you will become one of those who will take part in the creation of a grandiose digital universe.