New Racer on the Metaverse Track: The Deer Network Public Chain Ecosystem
With the propaganda of the myth of “digital token” making wealth, more and more projects are packaged with labels such as Metaverse, NFT, and Chain Games. In fact, there are many white papers of project parties in the market where team does not have the ability to develop and are relying on the heat to fool around, these projects have the following risks:
1. Proxy cast and run:
In the early years, before the national policy was tightened, proxy investment increased exponentially, and it was very popular to build group proxy investment on social software (such as WeChat, telegram, etc.). However, this kind of proxy investment behavior is uncertain, and investors have no way to judge whether the other party is reliable. Once the other party runs away, investors will lose everything.
2. A lot of cash out and break:
At present, the token market is very chaotic. The price of many tokens has risen tenfold or dozens of times when they are listed. Many speculators seize this point and cash out a lot after the price rises, which may trigger token break.
3. Tightening of regulatory policies:
In recent years, digital token trading hype activities have prevailed, disrupting the economic and financial order, spawning money laundering, illegal fundraising, fraud, pyramid schemes, and other illegal and criminal activities, seriously endangering people’s property safety. Since September 2021, the regulatory authorities have issued stricter regulations for mining, token transactions, and issuance chaos, and all the above activities are prohibited. Today’s market is indeed very irregular. Private placement under the guise of projects is not uncommon. Fraudulent cases are not unusual. The timely crackdown of supervision will help the orderly development of the industry.
Even so, there are many high-quality projects in the market, of which distributed storage will be a project that can be practically applied. With the continuous advancement of technology, some teams break through the limitations of the existing technical framework and develop a public chain system with a complete economic model, which significantly promotes the transformation of blockchain technology into practical applications.
Therefore, token investment with application scenarios will be a good choice. When they were first released, many people could not see their value. Still, it does provide massive potential after investigating the project and team background if the team background, project vision, and technical strength are relatively good. Such a project is very suitable for medium and long-term investment and holding, and doubling the value of the project will be a sure thing.
Deer Network, which is committed to becoming a public chain of Metaverse infrastructure, starts from the trust cohesion of the blockchain and through technological innovation and optimization. The decentralized storage scene then realizes a credible, reliable, efficient, and ubiquitous decentralization. Cloud service ecology. It turns cloud storage and computing into an algorithmic market, which operates based on a local protocol token, DEERCoin. Miners can obtain DEERCoin by providing storage and computing resources to customers. Different from other distributed content storage systems (such as Filecoin), Deer Network is more suitable for lightweight applications. It is a faster blockchain + CDN network with a smaller capacity, supporting the underlying public chain on edge devices. Deer Network is expected to become the first commercial-grade distributed CDN acceleration solution using blockchain technology as the number of nodes grows.
Deer Token (DEERCOIN) is a token with investment value. It is currently being traded in various communities. The unit price has risen to 1.20 US dollars per piece. It is still an excellent time to start. Many professional institutions said that DEER would usher in a sharp rise after major trading lines go online.
The most critical investment point is to find the right project and buy it as soon as possible. Only by starting decisively at the initial stage of the project can you have the opportunity to obtain the maximum benefit. DEER, which is very hot, has a high probability of doubling after buying, even three or five times. The most taboo thing about investing is to chase up and down, don’t wait for the market to start chasing up. Now a DEERCoin is only $1.20; what will be the price of Deer Network with practical application and complete ecosystem in the future? Back then, BTC was only a few cents.
Blockchain technology realizes the tokenization of various rights (property rights, equity, copyright, portrait rights, etc.), which is the right way. The current Deer Network is a new Token amid this transformation. The DEERCoin, which is currently $1.20 apiece, will have significant growth and expectation in the near future.
*The above mentioned are for reference only and cannot be used as a basis for transactions. Users are requested to make decisions with caution and pay attention to investment risks.
Author: Reggie
Original Article Source: 元宇宙赛道再度刷新，Deer公链生态破圈 (qq.com)
