How Safe-Assets are Redefining Crypto - Shortage.Finance
Cryptocurrencies continue to evolve as developers push the boundaries of blockchain technology further. One such development which has been getting a lot of attention lately is Safe-Assets. These tokens utilize special smart contracts to ensure they see continued appreciation over time. As such, they provide long-term investors with some advantages over traditional stablecoins.
Safe-Assets differ from regular cryptocurrencies in that they are pegged to some form of backing like stable coins. However, unlike USDT and other stablecoins, Safe-Assets integrate smart contracts that build up the reserves of the crypto. As these reserves rise, the value of the token appreciates.
Pioneering Efforts
One platform that is pioneering the safe-asset sector is Shortage.Finance. This advanced decentralized network leverages Ethereum as its main backing. Notably, Ethereum is the largest and most popular DeFi (decentralized finance) and Dapp ecosystem in the world. It’s also the second largest Proof-of-Work blockchain after Bitcoin.
Using Ethereum as the backing cryptocurrency is smart for multiple reasons. For one, since it’s another cryptocurrency, the protocol can be fully transparent to all users. Had Shortage Finance used fiat currency or gold, it would require you to put more trust into their auditing process and security procedures. In the end, this would add weak points to the system which developers were eager to avoid.
RTG Tokens
The RTG token plays multiple roles in the Shortage.Finance's strategy. It can be used to send value to others internationally in a frictionless manner like Bitcoin. Its unique self-appreciating reserves make RTG an excellent store of value. The system is set up to continually burn RTG tokens while increasing the ETH treasury. RTG has a capped supply of 2 billion tokens over the life span of the project.
It’s a Movement
Shortage.Finance embodies the spirit of the DeFi movement in multiple ways. For one, the network features a community governance system. This protocol enables users to put forth their concepts, upgrade ideas, fee alteration suggestions, and elect other members. The system provides those with more RTG with more voting power. As such, it helps to build confidence among investors and provides a voice to all users.
Another reason why there is a lot of praise for the Shortage.Finance protocol is the way in which the developers launched the project. They decided against doing a crowdfunding event. They simply opened the liquidity pool on Uniswap and began burning tokens. Notably, the team has committed to locking over 50% of the tokens in the liquidity pool which will help bolster RTG prices as well.
It’s All About the HODL
RTG is one of the first safe assets to hit the market. Safe assets are not meant for day-to-day transactions like Bitcoin or Litecoin. These tokens are designed to generate wealth over time. They are specifically meant for HODLers. As such, their network can feature 10% fees on transactions.
Notably, Shortage.Finance takes these fees and splits them between the staking pool and burning addresses. RTG token holders can stake their tokens and improve their ROI further. Your rewards are predetermined by the tokens you stake so it’s easy to secure consistent returns staking versus trading or other methods.
Staking is ideal for new users but even better for HODLers because there is no need to give up ownership of your digital assets. You can stake and HODL at the same time. This approach is one of the biggest benefits Shortage.Finance brings to the market. It’s helped to drive interest in the project further.
Community Burns
The other percent that goes to the burn address drives values higher. Its also replaced by ETH to the staking pool. This setup guarantees that there is always more than enough Ethereum to financially back the total RTG in circulation. On top of these benefits, the system has a percentage of ETH that is permanently locked into the pool.
The community has been fueled by grass-root campaigns put forth by individuals in the network. These users earn RTG as rewards for their efforts. These users can earn by promoting Shortage.Finance on their social media channels and hosting channels. They can share their experiences so far and how the network has helped them to secure more control over their financial future.
Proven Security
As always, your first priority should be security. The development team behind Shortage.Finance leverages Ethereum's proven security track record. Ethereum has never been hacked and is one of the most used blockchains of all time. RTG holders have an advantage since they are benefiting from ETH's appreciation and RTG's scarcity.
How to Participate in Shortage.Finance
Getting started with Shortage.Finance is simple. The developers went to great lengths to simplify the onboarding process. You can connect your ERC-compliant wallet to the network to get started. The next step is to fund your wallet. You can use a selection of popular exchanges including Binance and Coinbase.
Privacy-Centric
Another benefit to Shortage.Finance is that it doesn’t require any KYC. The network is open to anyone across the globe. In this way, it falls in line with the decentralized economy and its goal to better serve the billions of unbanked individuals in the world. Shortage.Finance enables users to join, generate rewards, and build their savings securely.
Shortage.Finance is on the Move
The advantages of Shortage.Finance makes it a wise choice for those seeking a new type of digital asset to improve their long-term HODL strategy. The constantly growing reserves and the burning strategies make the token a unique option in the market. You can find out more about the project
here.
