This probably has been discussed before, I just find myself thinking about it now and then. I'm wondering if there is a way to make KMD (the cryptocurrency) needable for the Komodo platform without undermining the team's vision. In my opinion, one of the reasons why KMD seems to lack in demand compared to other cryptocurrencies which are necessary to the well-functioning of their platform is that it's not needed. On one hand, this is somehow quite admirable, on the other, it seems to drive value out of KMD. Use cases of other comparable cryptocurrencies are: Acting as gas/fuel for transactions/smart contracts creation, offering discounts on fees based on the held amount or if paid with (I actually don't know if Barterdex does that), being regularly burnt? I don't know, I'm just trying to see if/how more value can be driven into KMD. I'm not at all belittling what Komodo has achieved, as far as I'm concerned, it's way ahead of a lot of projects and has been pioneering in a lot of fields, something just seems to be missing to give it that push that will move it to top 5 (2?) by market cap and keep it there for good.
How do you think dPOW is paid for? When there is trading activity on BD, what pair do you think has the most volume? How about if you want rewards for the next 10-12 years? There are plenty of revenue-stream asset chains in the ecosystem that, you guessed it, get paid out in KMD.
Yep, in what you mentioned, the only thing that incentivizes hodlers would be the
rewards for the next 10-12 years. dPOW, high volume and revenue on assets being paid in KMD doesn't add value to hodling KMD, or I don't see why it would. So it seems that the
interest model isn't enough to participate in helping KMD realize its full potential, whereas other models seem to have more effect on the tokens powering the platforms using those models.