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⏰ Time Stamps ⏰
1:45 What is Tezos?
4:15 XTZ Tokenomics
8:07 Supply & Staking Demand
10:08 Network Demand
12:51 Tezos Foundation
14:10 Lawsuit Settled
16:02 Protocol Upgrades
⛓️ 🔗 Useful Links 🔗 ⛓️
► On Supply Caps (inflation): https://ex.rs/on-supply-caps/
► Tezos Projects: https://tezosprojects.com/
► Michelson Tutorial: https://gitlab.com/camlcase-dev/michelson-tutorial/tree/master/01
📰 Sources 📰
► Liquid Democracy: https://medium.com/hive-commons/liquid-democracy-ethereum-and-the-slow-path-to-revolution-9c1d5916e706
► Convienence Yield: https://www.investopedia.com/terms/c/convenienceyield.asp
► Coinbase Blog Post: https://blog.coinbase.com/around-the-block-6-bitcoins-dominance-alongside-coinbase-customer-behavior-the-coming-dex-c9d952ec6170
► Bitcoin Suisse Announce: https://www.bitcoinsuisse.com/news/bitcoin-suisse-vault-support-tezos-custody-delegation
► Lawsuit: https://www.law.com/therecorder/2020/03/20/plaintiffs-in-tezos-ico-class-action-reach-ground-breaking-25m-settlement-deal/
► Proof of Stake Alliance: https://www.forbes.com/sites/jasonbrett/2020/05/14/proof-of-stake-alliance-posa-meets-with-sec-on-blockchain-consensus-designs/#4276ac804ed8
💸 Tezos Inflation 💸
Tezos does not have a max supply. In fact, there is a about a 5.5% yearly inflation on the protocol. Some people think this means that it can be inflating away their XTZ.
This is not true due to the convienence yield. People place more emphasis on having funds now over having it in the future. This is why protocol inflation may not be a bad thing for the network.
It also encourages people to stake their XTZ which keeps it more secure than the network as a whole. It also makes it decentralised compared to Bitcoin mining.
💭 Less Supply & Investor Demand 💭
The main benefit of this staking on Tezos is that it means more funds are locked up earning returns and less is circulating on the exchange order books. In total, about 80% of the circulating XTZ is staked.
However, you also have to consider demand for Tezos. The first component comes from those people who are buying Tezos in order to stake it.
According to a recent blog post at Coinbase, Tezos had more trading volume when adjusted for market cap than all of the other assets listed.
Last year Coinbase Custody gave its clients the opportunity to stake their sizable XTZ holdings. More recently, Bitcoin Suisse announced that they were offering their institutional investors Tezos staking services.
📈 Utility Demand 📈
Tezos appears to have a healthy hive of developer activity taking place on its blockchain. I encourage you to take a look at this site which documents all of the projects that have been built on the Tezos blockchain. In 2019, over 1,300 new developers learned to code Tezos smart contracts.
There are a number of platforms that want to use the blockchain for STO issuance. There is about $2.6 billion worth of STOs that have been announced to be conducted on the Tezos blockchain.
🤔 Other Reasons to Be Bullish 🤔
According to the Tezos Foundation biannual report, in January of this year they were sitting on over $635 million in combined funds!
The foundation is tasked not only with forming key partnerships like those mentioned above but they are also issuing grants to developers and community members.
There is also more clarity on the ICO class action that was brought against Tezos. They agreed to pay $25 million which would see them freed of the legal hassle lawsuits usually bring.
The settlement shows that Tezos has not acted in bad faith when it comes to the lawsuit. This could be favourable for the SEC who look at the project. Tezos is also part of the proof of stake alliance which recently met with the SEC.
Finally, Tezos has also had a number of upgrades on its blockchain including Carthage and Babylon. Both of these had a great deal of participation in the voting round of over 80%. This shows the decentralised governance.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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