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The price of ether has declined over the past few weeks and months and people are starting to look negatively at the future of the Eth. Some of the comments we have heard from the experts are related to the fact that companies and projects are selling their ETH to finance the development of their products and services.
Do the projects have to sell their ETH?
But there are some projects that do not need to sell their funds to continue investing in the ideas or products they wanted to develop.
Martin Köppelmann, founder of Gnosis.pm, a market platform based on Ethereum, said that Gnosis can continue to finance itself without selling ETH for the next 5 or 7 years.
Mr. Köppelmann explains that he is concerned with the use of decentralized applications. The main number that people should look at is the number of users who enjoy different dApps.
About this, Köppelmann wrote:
"The numbers we are interested in are the use of decentralized applications, and as a next step, the number to keep an eye on is DAPP that interact perfectly between them and benefit from being on the same platform As a side effect, the ETH price will ultimately be a function of the demand for the use of applications in this reliable, open and interconnected environment. "
At the same time, he said that it is No matter how many dApp are distributed or the number of transactions that the dApps process. It is important to take into account the number of dApps created and to use smart contracts from other dApps.
In addition, he explained that, having decided to work using the Ethereum platform, their main goal is to help him grow.
The company has decided to implement a first web3 / ethereum strategy that will have the following steps:
- They will use ETH stored in the reserve for CDP on Maker
- They will give control to DAO
- They will publish their blog posts on Akasha once on Mainnet
- They will encourage all the Gnoseers to test it and use dApps and products from the ecosystem
In addition to this, they will tweet first on Peepeth creating rewards on several ETH size sites and using forecast markets to analyze whether they are on track or not with their milestones.
"Vice versa we will spend more time making it as simple as possible to use what we contribute to the ecosystem", reads the blog post written by Martin Köppelmann. "The security of interacting with DAPPs securely and without Ether. DutchX for contracts as a mechanism for converting token prices and token conversion and, of course, prediction markets!"
At the time of writing Ethereum is the second most valued virtual currency on the market with a market capitalization of $ 30 billion [19659019] Did you like this article? Feel free to share:
