One of the Largest Forex Trading Platform To Release Their Own Crypto Token

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No doubt, cryptocurrencies have taken the world by storm as lots of tokens are being created and added to the blockchain for different purposes. Unfortunately, most projects fail to realize their aims and objectives for several reasons that you will learn in this article.

One of the most notable events this year in the crypto space was the announcement of the DECODE token being released by Decode Global. This is an exciting development because, based on tokenomics and expert analysis, the coin has great potential and could become the new standard of payments when transacting in the financial sector.

The token hasn’t been released yet, but thanks to the transparency of the Decode Group, we have enough information to critically analyze the seven characteristics that it possesses and how they can influence its success. Let’s begin!

The Decode Team

The most crucial factor to consider when examining a token is, of course, the team or individual behind it. The Decode economy has a strong team that is passionate about providing payment solutions via this token and ensuring that it facilitates transactions.

With over 18 years in the financial sector, the team comprises financial experts who have vast experience in the world of crypto. The expertise of the Decode team is one of the reasons people strongly believe in the potential of the DECODE token. Besides the team’s strength, the token is also backed by Decode Group, a well-known financial services company. Interesting right?

DECODE Token’s Utility

Even if a token is deflationary, has the best price stability mechanisms, distribution, as well as a reliable team, it won’t be worth too much if it is not used for anything. The DECODE token was built with numerous functionalities and remained one of the fee tokens that already had utility before entering the market.

First of all, a Decode coin can be used to settle fees for all services and transactions within the Decode Group ecosystem. Considering the high volume of transactions carried out within this ecosystem, the demand for the token is likely to increase or, at the very least, remain sustained. Coupled with the fixed total supply, the potential of this token is vast, and it could indeed be the next big thing.

To put this into perspective, the Decode Economy is composed of various groups and subsidiaries. They include;

  • Decode Capital
  • Decode Digital Australia
  • Decode Funding
  • Decode Group
  • Decode Training Australia, etc

The Decode token would be accepted in all these subsidiaries, including partner organizations. It would also be used for e-commerce and online purchases in other organizations.

Considering the fact that Decode Group has built a positive reputation and a good track record for decades, many merchants, exchanges, and brokerage platforms are likely to adopt this token.

Maximum or Total Supply

The maximum supply of a token is a key factor to consider because it gives you an idea of how many tokens the market would need to absorb in the future.

The total supply refers to the number of tokens that currently exist and are either in circulation or locked somehow. The total supply of the DECODE token is 100,000,000,000, and this is a fixed amount. In fact, it is expected that DECODE will reach a value of 0.02 USDT from an initial price of at least 0.008 USDT per DECODE within the year of launch.

The token’s total supply is enough to ensure that it is widely circulated. Since it’s a fixed amount, it’s easier for you to make your investment decisions by comparing this with other factors like its circulating supply.

Technology

The DECODE token works on the Ethereum ECR-20 chain. This is a technical standard used for all smart contracts on the Ethereum blockchain for token implementation.

This simply means that the token is an Ethereum-based token that has value and can be sent and received. There are two advantages that come with this;

  • It’s easy to send and receive the DECODE token since most of the tokens released through Ethereum initial coin offerings are ERC-20 compliant. This technology ensures compatibility between the many different tokens issued on Ethereum, including DECODE
  • It’s easy for traders and investors to hold their DECODE tokens. If you plan to purchase any token issued as an ERC-20 token, you must also have a wallet that is compatible with this technology. Fortunately, the ECR-20 wallets are so popular, and that means you would have many options when it comes to storing your DECODE tokens.
  • Furthermore, the crypto wallet for DECODE is a multi-signature wallet.

What does this mean?

Multisignature wallets are cryptocurrency wallets that require two or more private keys to sign and send a transaction. This means that your wallet is more secure since the loss or theft of one private key doesn’t compromise your account.

Token Distribution

The distribution of a token is a key determinant of its success. If a project fails to distribute coins to its users in one way or another, no one will be able to use its network, and if people can’t use it, it won’t achieve its purpose.

Fortunately, the DECODE token has multiple rounds of distributions and public sales to ensure that people get access to the token. There are six funding rounds that interested investors can participate in. The distribution would begin in the third quarter of 2022 until the initial coin offering in the fourth quarter of 2023. The best part is that you can contact Decode to reserve your slots now.

Founder and Team’s Holdings

Another essential part is to check the total holdings of the coin by the founder and the Decode team. The founding team cannot have more than 40% of the whole market cap for the DECODE token. This ensures that the token would not be controlled by a single entity or a small group of people.

This also functions as a price stability mechanism because it prevents price manipulation, instability, and sudden dumps.

The Decode Community

Every successful crypto has a community that believes in its potential and capabilities. With more than 100,000 followers on social media and offices worldwide, the DECODE token has solid community support. Most community members are willing to support this token from the get-go.

Thanks to the relentless efforts of the Decode team, the DECODE token will be launched later this year, and we hope you will be a part of it.

 

 

 

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