Unintentional Mistakes by Ripple and a Ray of Hope From Liger
The cryptocurrency market has seen a never-ending boom since past year. As a result, a handful of virtual tokens have been through a roller coaster ride.
One such cryptocurrency, Ripple, has constantly made the headlines owing to its third largest market cap, high transactional speed, and low transaction costs.
This has indeed been the result of constant toiling to come up with some revolutionary payment products like xCurrent, xVia, and xRapid.
But while Ripple planned to overhaul the payments market through the XRP token, current market conditions have motivated partner institutions to opt for non-XRP products. Hence, this has made Ripple a victim of its own offerings and has given rise to a lack of correlation between the Ripple Blockchain and XRP.
This is now posing as an unintended issue for XRP investors.
Moreover, the decentralized nature of the currency adds to the problem. While Ripple clearly aimed for greater liquidity at their end by owning 60% of the market’s XRP to better serve their clients, they have encountered criticism for the same.
How Liger is a New Game Changer
Ligercoin is the hottest entry in the crypto market that seems to have taken relevant learnings from Ripple’s affair and is disrupting the Casino industry as we know it.
Liger or Ligercoin essentially caters to the enormous markets of Online and Offline Casinos, along with Fantasy Sports Portals and Live Betting Websites to help users anonymously transact anywhere in the world from and the comfort of their homes.
Both the capabilities and the ecosystem of Liger makes it a highly lucrative option.
For starters, Liger makes use of the already established and highly secure Ethereum ecosystem by empowering itself with the EC20 token standard. This binds transactions with smart contracts which will execute only when the underlying conditions are met and cannot be intercepted in any way.
Moreover, increased adoption of Ligercoin will make it exponentially stronger. Liger makes use of a unique staking mechanism that allows token-holders to stake their tokens to Liger and essentially play against other casino players. This always places them on the winning end and qualifies them to receive a portion of the earnings in the proportion of their stakes. And every time this happens, Liger burns 1% of the earnings that are generated from the staked tokens.
Firstly, through this unique staking mechanism, the token holder gets the opportunity to play “for” the casino and be on the winning side while Liger plays on his/her behalf. Secondly, the burning mechanism always keeps the demand vs supply ratio in check where the supply is always lesser than the demand. This adds to the price increase.
The decentralized nature of the currency makes sure that the maximum benefit of this burning protocol is passed onto the token holders, since Liger owns no Ligercoins. The company has been extremely transparent about the structure of ownership. 75% of the coins will be distributed to the public during the ICO, 15% will be held by the Liger management, 5% will be retained for the bounty community (which will eventually reach users), and the remaining 5% will go to the advisors.
This makes sure that 80% of the market is driven by the everyday populace.
To sum it up, Liger is an excellent holder of value. As the adoption of the coin increases and more users are added to the ecosystem, both staking and transactional values increase. More staking leads to more turnover, which leads to more burning amounts and profits for the users. This, in turn, leads to even more staking and transactions at the user’s end. Eventually, a larger amount of coins go out of circulation, hence remarkably increasing the value of the remaining coins in the market.
The whole process seems nothing short of ingenious and proves that Ligercoin has the potential to be the next leader in the crypto market.
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