Viewing the concept of NGK from the SPC project

Ngk
3 min readJan 12, 2021

The biggest feature of SPC tokens is the large amount of issuance, with total one hundred million of supply. The 2 million airdrops are distributed according to the weight of NGK computing power holdings. This is because NGK does not issue many currencies. Although BGV has issued tokens, but there was only 60,000 units, and 10,000 airdrops currently circulating in the market. However, BGV has formed a strong community consensus and many fans around the world to hype up the token. The current time is too short to bring much liquidity, but attracting their attention to SPC and BGV, is what makes the project successful. Why can BGV be listed on the world’s leading exchanges overnight? Currently, the exchanges are either looking at traffic or handling fees. These are the two important aspect for the exchanges. However, BGV has its own strong community to trade on the world’s leading exchanges. It is not surprising that BGV has its own strong community and can be listed on the world’s leading exchanges. The success of BGV and SPC is mainly contributed by the token and the governance of community.

SPC project

So, what is the future direction? We know that due to the high annualized mining income, we can spend a small portion to buy some USDN, or invest more NGK computing power, because we can obtain daily benefits from them.

Overall, we believe there is nothing wrong with the entire SPC system, and NGK will undertake more financial-related transactions. At least this system is affordable, but as more financial agreements emerge within these 1–2 years, the possible risks will become greater, so you should also pay attention to the infrastructure changes of the NGK blockchain.

We must pay attention to the risk control. First, pay attention to the security of the contract, and be sure to mine projects that have been carefully audited. Secondly, we must recognize the impermanent loss. Third, sharp price fluctuations are one of the characteristics of tokens, and we must adopt more robust strategies. Fourth, do not blindly chase the rise and fall, and study the project clearly before entering the market.

SPC project

The SPC project will set the NGK users as priority and create different customized services for different user groups. NGK has always formulated different service plans for different types of users, divided them into categories, to better meet the various user needs.

First, for trading token holders, NGK provides a variety of product matrices and market support plans to ensure the absolute security of user funds, which maximizes the convenience of user transactions and reduces the transaction costs. Secondly, for miners, NGK has created a stable and favorable rate for the mining pool business, providing them safe and fast exclusive services.

SPC project

Finally, for resource users (e.g. media communities), NGK has built global partners and key media cooperation activities. For example, the token world to assist users and enhance their resource growth capabilities. Furthermore, the resource users can jointly organize offline events with NGK. Previously, NGK organized multiple roadshow conferences and major events in conjunction with community leaders. The results were great, which shortened the distance of ecological construction participation and enhanced their dependency.

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