NWC Weekly Development Report: 23–30 May
This week our most talked about announcement was definitely the NWC token burn. We’ve released a statement that we’re burning $10 million worth of our tokens as we’re sticking to our motto of being deflationary.
As displayed in NWC tokenomics, 20% of all subscription fees are burned as a way of giving back to our community and token holders. Because of many memberships that were acquired through staking, there weren’t much fees to burn and that’s why we’ve decided we’re going to make up for it over the course of several burn events.
The first one already took place a few days ago, when we burned the first $1 million worth of NWC (you can check the burn transaction here). The rest will follow before the end of the year and will coincide with important milestones in our development.
Our NWC Merch store is out! After announcing it last week, we’ve finally released the store where you can find NewsCrypto and crypto meme designs. Choose among T-shirts, caps, hoodies, mugs… Upgrade your wardrobe by picking out some of that sweet crypto merch here.
We’ve held a talk with Herbrect, one of our advisors where we discussed the most important aspects of value investing based on fundamental research. The keynotes of our discussion were how to find value in a project, what »doing your own research« really means and what the future holds for crypto.
As for our regular posts, this week we’ve created a Market Price report about Solana (SOL) the open source project that is designed to facilitate decentralized app (dApp) creation. The report covers the market structure, key price levels, S/R flips and a complete technical trade setup.
Our how-to crypto post covered stop losses, profit taking, trading mindsets and everything you need to know in order to protect your gains as quite a number of inexperienced traders are panicking because of the recent crypto downtrend.
This week’s fundamental analysis was explaining a somewhat broader topic: the Bitcoin hard forks, the reasons why they were created, what they were trying to achieve and the arguments for and against changes to the block size.
Lastly, in our weekly crypto report Blockchain Wayne analyzed Bitcoins price movement, discussed Microstrategy and whales buying the dip, the FED issueing more information about the CBDCs and other important news that was trending this week.