How does NGK that supports Layer 2 develop on the derivatives field this year?

The NGK token holders have the right to propose and vote for governance of the decentralized perpetual contract platform. This shows that NGK token is a governance token. The governance attributes of NGK tokens are beneficial to the market’s demand for purchase or pledge of NGK tokens, meeting the demand for governance participation of the NGK platform’s decentralized perpetual contract.

There are two main sources of funds for the repurchase and destruction of NGK tokens. In the first part, the platform fee will be used to repurchase and destroy the NGK tokens from time to time; the second part, no more than 50% of the risk fund is used for repurchasing or destroying the NGK tokens. From the destruction mechanism of NGK token repurchase, NGK token is a deflationary token, which is the biggest difference between NGK token and other mainstream inflationary DeFi tokens. The deflationary nature of the NGK token provides it economic scarcity value.

NGK

The NGK token will be used by trading players on the NGK platform’s decentralized perpetual contract for margin and contract trading. This shows that NGK token is an application token. This application of NGK will stimulate many players on the platform to purchase NGK tokens, which effectively increases its market demand.

From the current point of view, the demand for NGK tokens mainly comes from the repurchase and destruction, contract trading players, as well as users participating in governance. This is the basic demand for NGK tokens. When the initial supply is relatively small and the market demand is relatively large, the circulation price of the NGK token is undoubtedly worth imagining.

The support of Layer2 will encourage more users who love Ethereum blockchain to use the NGK’s decentralized perpetual contract products. There is no doubt that the integration of DEX and layer2 is a star rating field. The decentralized perpetual contract product deployed on the Ethereum layer2 network is a new opportunity for this field, and NGK may be a big opportunity for this new field.

NGK

After the NGK mainnet last year, the DeFi ecological BGV was quickly deployed. After Layer2, it has successfully supported the Layer2’s decentralized perpetual contract trading. The support of layer2 shows a great significance for occupying the market with NGK. The aim of NGK team is simple, that is truly allowing users conduct to contract trading as if they are on a centralized exchange.

In 2021, the NGK focuses in achieving global growth and attracting perpetual traders from the existing centralized exchanges to the decentralized derivatives DEX field, thereby achieving leapfrog development.

NGK

NGK will be more active in localizing its products and services for Asia-Pacific users and spending more time and resources to promote the growth of the Asia-Pacific market. The NGK also cooperates with several American suppliers, such as the strategic cooperation of imToken, Token Pocket, etc. Golden Finance is the preferred media of NGK. In terms of PR and marketing, the NGK’s WeChat community has provided great supports. I believe many ecological builders have joined the NGK community now.

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