How did SPC achieve nearly 23% monthly revenue?

Previously, NGK announced that the SPC airdrop is based on 2 million divided by the total network computing power, and the number of SPC obtained is according to the number of computing power.

According to the official data, 2 million divided by 5 million = 0.4. This means that having 1000 computing power can get 400 SPC.

SPC tokens

The actual data of the current airdrop shows 0.363, that is, 363 tokens can be obtained with 1000 computing power. This means that the computing power of the entire network has increased slightly than the official estimation.

At present, the price of SPC on the market is about 1.55U, and users with 1,000 computing power obtain 363 units, which is about US$570. In other words, this airdrop has gained 5.7% of additional benefits for all computing power holders.

So, we boldly guess if the official airdrops to the market at such a ratio for a long time, for example, once a week. Then, we can conclude that each computing power holder can obtain a monthly revenue of 5.7% multiplied by 4=22.8%. That’s really a considerable amount! If the price of SPC in the secondary market continues to rise, the benefits are greater.

SPC tokens

In the digital field, the commodities are not physical objects, and all digital commodities can be easily copied without destroying the original commodities. For example, people can send the same MS Word document to different people via email while keeping the original copy. Similarly, thousands of people can listen to a song simultaneously and repeatedly, especially when people imitate, which greatly increases the value of the original.

The NGK project led by SPC is no exception. It is free and open source, so everyone can copy the software, fork the network and create their own token version. However, the skeptics question whether the SPC is truly based on open source software that can be copied indefinitely. If so, does SPC still scarce?

First of all, the NGK network will not create a new token for itself. For example, the additional currency issuance of the Venezuelan bolivar will not add dollars to the US currency market. Thus, the open source software does not dilute the money supply of the original network, rather, it encourages the low-cost network experiments, the creation new tokens and fierce market competition.

SPC tokens

Each SPC token can only be put into one wallet at a time and cannot be copied. In addition, the only way to control the user’s SPC token is to obtain the private key associated with it.

The NGK project led by SPC has another major feature: anti-censorship. The NGK’s blockchain technology is a neutral technology that allows anyone to conduct transactions. It uses cryptographically encrypted private keys and addresses instead of centralized organizations to identify the users through IP addresses and names. This provides the SPC a strong ability to resist censorship. Anyone can make transactions anywhere, as long as the participants pay. Once the transaction passes the settlement guarantee period, the transaction cannot be easily rolled back.