YCRAB is a new protocol that continues to garner mass media attention in the market because of its one-of-a-kind strategy. This strategy borrows some aspects from your favourite games of chance and combines it with the usability of cryptocurrencies such as Bitcoin. As such, this next-generation platform is set to revolutionise the sector in a couple of key ways. Lets take a look at CRAB and what all the hype is about.
Whats YCRAB Anyway?First and foremost, YCRAB is a cryptocurrency. You can use it to send and receive payments in a decentralised manner. That in of itself isnt really that special nowadays. However, YCRAB is a cryptocurrency that introduces some interesting protocols and business practices to make it unique in the market.
For one, YCRAB integrates a deflationary strategy directly into its core processes. This strategy helps to keep the platforms utility token CRAB at a premium. Deflationary strategies usually involve destroying or limiting the number of tokens in the market. This limited supply keeps the demand for these assets high, the higher the demand is for a digital asset, and the higher its value. Its simple Crabinomics.
Deflationary Tactics
YCRAB is all about market liquidity and keeping their token appreciating. To accomplish this task, the developers of YCRAB created a new and exciting form of consensus rewards. This new rewards system prevents the centralisation of reward winners such as the case with Bitcoin.
Anyone that has ever looked into mining Bitcoin can tell you that it isnt cheap. Today the average BTC mining rig costs over $2,000. Worst of all, these rigs can become obsolete in months as new technologies enter the market. What good is an outdated ASIC miner none.
Sadly, these costs also create an entry barrier to new investors who seek to participate in the decentralized economy. Only a select few individuals can enter the cryptocurrency market full -swing with a major mining rig purchase. Most people just want to participate and use their crypto as a digital cash system or investment vehicle.
Mining Costs a Fortune
Also, the rise of large mining farms has put centralization into the spotlight as a serious concern. In a decentralized network, centralization is like a cancer that can eat away at the networks security and ability to develop communally.
For example, the vast majority of Bitcoin hash power is derived from 3 large mining pools in China. These pools hold incredible sway in the market. If you want to see the effects of this sway, then look no further than Bitcoin Cash.
The Bitcoin Cash project would have had a much harder time gaining traction in the market had the worlds largest mining rig developer, Bitmain not weighed in on the argument. Their backing helped Bitcoin Cash garner the support it needed to launch and maintain its network successfully.
YCRAB Does away with all the Politics
Perhaps YCRAB was built from a desire to do away with all of these crypto politics. It appears like these developers wanted to go back to their roots and create a platform that was both fun and usable. To that extent they succeeded.
YCRAB is about more than just making money. Its about giving back to the community in a meaningful way. Every time the YCRAB protocol enacts, rest assured someone is in for a healthy windfall. These funds can go a long way, especially in todays current market conditions.
YCRAB Token
The YCRAB token can function as both a utility token and cryptocurrency with ease. This token can be sent globally, to any network wallet, in seconds. The network also has very low transaction fees. You can send thousands of dollars worth of value for pennies using CRAB tokens. In this way, CRAB provides a valuable service to users on top of the rewards program.
YCRAB the WinThe YCRAB protocol is one of the coolest features to enter the market all year. In the YCRAB ecosystem, this protocol plays a vital role in issuing rewards and new tokens to the network. Heres how it works.
YCRAB retains 30% of the total tokens in a network wallet known as the YCRAB Bank. Every time a new block gets added to the blockchain, the YCRAB protocol will go in and randomly choose a winning wallet address. This person gets the rewards instantly. Its that simple.
You dont need to go and invest a couple grand in a mining rig, or stake 10,000 tokens to be eligible. You just need to be in the top 500 CRAB holders. This strategy spreads the rewards evenly and gives new cryptocurrency users more incentive to participate in the CRAB fest.
The Draw of the LottoThe YCRAB development team seeks to create a primal demand to join the network, the chance to win some free crypto. In this way, you could see YCRAB become one of the most popular blockchains in the market. You could almost think of this token as a blockchain lotto of sorts, but with way more functionality.
As CRAB prices increase, so does the 1% rewards value. This strategy also helps push more network participation. CRAB holders have all the reasons in the world to help propel this project to new heights.
YCRAB to the FutureYou have to hand it to YCRAB on spicing things up in the market. In an age of endless DeFi platforms that all share the same traits and characteristics, YCRAB shines bright like a lighthouse in the night. Its creative approach is a breath of fresh air that the market needs.Its easy to imagine a scenario where this platform sees droves of excited users flock to it for the chance to win. For now, YCRAB is in pre-sale. Interested investors can receive steep discounts for early bird participation. You can expect to hear more from YCRAB as the platform is set to launch in the not-so-distant future.
Website:
https://YCRAB.FINANCETelegram Channel: t.me/ycrabfinance
Twitter : twitter.com/ycrabfinance