ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

December 2, 2023

Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

December 2, 2023

UK Legislators urge caution in retail digital pound rollout

December 2, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

    December 2, 2023

    Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

    December 2, 2023

    UK Legislators urge caution in retail digital pound rollout

    December 2, 2023

    Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain

    December 2, 2023

    UK Legislators urge caution in retail digital pound rollout

    December 2, 2023

    Here’s a Possible Bitcoin Price Path to $200,000, According to Analyst Who Called 2021 Crypto Market Collapse

    December 2, 2023

    $40,000 Bitcoin ‘Coming Soon’ As BTC Now Giving Few Reasons to Sell: Top Crypto Trader

    December 1, 2023

    Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over

    December 1, 2023

    Ethereum price rallies toward key resistance but is ETH’s strength sustainable?

    December 1, 2023

    Australia’s confusing new crypto tax guidance is ‘toilet paper,’ says law firm

    December 1, 2023

    Circle denies claims of illicit financing and ties to Justin Sun

    November 30, 2023

    SEC solicits comments on Fidelity’s spot Ether ETF application

    November 30, 2023

    Web3 Infrastructure Altcoin Skyrockets More Than 120% This Week Amid Publication of New ‘Vision Paper’

    December 2, 2023

    FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute

    December 1, 2023

    Steep Rally Loading Up for Decentralized Finance (DeFi) Altcoin, According to Crypto Strategist

    December 1, 2023

    November most ‘damaging’ month in 2023 as thieves pilfer $363M in crypto

    December 1, 2023

    XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

    December 2, 2023

    Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

    December 2, 2023

    UK Legislators urge caution in retail digital pound rollout

    December 2, 2023

    Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain

    December 2, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    This MrBeast-Backed Crypto will CRUSH the 2024 Bull Run (Be Ready)

    November 30, 2023

    Solana: Where’s SOL Headed Next!? Price Prediction & Updates!

    November 30, 2023

    Turn $10K Into $1Million With This Crypto Portfolio!

    November 30, 2023

    BIGGEST MOMENT FOR BITCOIN HAPPENING NOW! [HUGE NEWS]

    November 29, 2023

    World's Biggest Soccer Star SUED For Crypto SCAM! (Is Ronaldo In TROUBLE?)

    November 29, 2023
ApeWatcher News
Home » This Little Pig has defied the Bear market
News

This Little Pig has defied the Bear market

Crypto NewsBy Crypto NewsMarch 10, 20230 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

If you had invested $200 in this relatively unknown project just 2 months ago, that $200 would now be worth over 10K. In that same time many other cryptos have dropped by over 20 percent. Even the stalwarts like BTC has seen crazy volatility in that time frame.  So what is so special about this project that has allowed it to 50X in 2 months???

BYAS launched on Jan. 6th to no fanfare. It was a stealth launch. No VCs. No presale. No airdrops. This was all in line with their vision laid out in their whitepaper where they talk about how they despise all the greed in crypto. BYAS is Balanced Yield Autonomous Savings. It describes itself as a decentralized savings system that pays a yield based on network activity instead of inflation. There’s a 3% fee on buys and sells with 1% of that fee going back to holders. Ho hum…we’ve seen this before. So what is it that’s so unique about BYAS? 

The devs did something that no other project in crypto had ever done…Require you to hold a minimum amount of BYAS in order to interact with ANY part of the project. This brings a never introduced before use case to crypto. In the beginning of crypto, you just held it like a stock. It provided no active benefit or yield just by holding it. Then DefI came along and introduced the concept of earning interest on your crypto. That invention was the reason behind the huge growth in the crypto market cap from 2020 to 2022. But generating more tokens just for simply staking them is an inflationary response to a real need. And as such every token that provided single staking opportunities has fallen over the last year. 

So what BYAS has done is very simple. If you want to stake, you must hold over 100,000 BYAS in your wallet. This is above and beyond whatever amount you stake. And don’t think you’ll be able to sell immediately after staking. If you try to claim rewards without having that original 100,000 BYAS you had when you entered staking, you won’t be able to claim. But that’s not all.

BYAS says it’s building an entire ecosystem of dapps. All of those dapps will require BYAS. The first dapp that they’ve built is a decentralized stablecoin called DXO. To get DXO you can either buy it on Pancake Swap or you can burn BTC to mint it. This process they invented is called Forging. In order to use the forge you have to hold BYAS. You can probably guess how this has blown up so quickly. As more people stake (APRs are currently above 300%) as more people use the forge, they envision this will drive demand for BYAS.

BYAS is also deflationary
– 1 percent of all transactions are burned. So far almost 50 million tokens have been burned.  

– 1 percent of transactions also go to a charitable DAO. So as a BYAS investor, every time there is a transaction, some of that is set aside for charity. Holders will be able to vote on exactly where some of those funds go. Add that to the fact that there is no ongoing Dev fee whatsoever. 

So behind this cute piggy is actually one of a kind tech. This could be a type of crypto 3.0 where there is programmability built into the token itself. Staking has seen it’s fair share of exploits and it may be more secure to simply just hold in your wallet. As BYAS continues to build more dapps, it will be interesting to see where the token goes. Inexplicably BYAS is not yet listed on Coinmarketcap but it is on Nomics and Live Coin Watch. Or simply visit the website.

Twitter: https://twitter.com/Byas_Community

Telegram: https://t.me/byascommunity



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

December 2, 2023

Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

December 2, 2023

UK Legislators urge caution in retail digital pound rollout

December 2, 2023

Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain

December 2, 2023

Bitcoin Price Prediction as Total Crypto Market Cap Reaches $1.5 Trillion – Is $40,000 the Next Target for BTC?

December 2, 2023

Vitalik Buterin’s Plans, Changpeng Zhao’s Hooks, Michael Saylor’s Shoppings and 20 Crypto Jokes

December 2, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

XRP Price Prediction as XRP Climbs 2% Amid Trading Volume Slump – Will XRP Continue Its Upward Trend?

December 2, 2023

Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment

December 2, 2023

UK Legislators urge caution in retail digital pound rollout

December 2, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.