Decentralized finance (DeFi) has rapidly evolved since its inception in 2017. At its core, DeFi refers to financial services built on top of blockchain technology, allowing for trustless and permissionless financial transactions without intermediaries. In the early days, DeFi was mostly limited to simple token trading and lending platforms, such as Uniswap and Compound. However, as the market matured and more developers joined the space, DeFi began to expand its offerings to include more complex financial products.

One of the key milestones in DeFi's evolution was the introduction of decentralized exchanges (DEXs) that allow for peer-to-peer trading without centralized intermediaries, as well as gaming, NNFTs, P2E, and the recently introduced watch-to-earn (W2E) concept.

Another major development was the creation of yield farming, which allows users to earn interest on their crypto holdings by providing liquidity to various DeFi platforms. In addition, DeFi has expanded into areas such as insurance, prediction markets, and derivatives trading, creating a more diverse ecosystem of financial services that can be accessed by anyone with an internet connection.

The continued growth of DeFi is expected to lead to greater financial inclusion and empowerment, as well as increased competition and innovation in the broader financial sector.

How "watch to earn" crypto projects made people millionaires

Watch to earn crypto projects are applications or platforms that reward users with cryptocurrency for performing certain tasks, such as watching videos, completing surveys, or testing new products. These projects can potentially make someone a millionaire by allowing them to accumulate large amounts of cryptocurrency over time.

The key to success with watch to earn crypto projects is to be an early adopter and to accumulate a significant amount of cryptocurrency before its value increases. As the cryptocurrency market continues to grow and gain mainstream acceptance, the value of these rewards can increase significantly, potentially resulting in massive profits.

Additionally, some watch to earn crypto projects may offer opportunities to stake or hold their cryptocurrency, which can also provide additional passive income streams and further increase the potential for profits. Overall, "watch to earn" crypto projects can be a lucrative way for individuals to earn and accumulate cryptocurrency and potentially become a millionaire in the future.

Why Script Network is attracting new investors

Script Network is a newly created watch-to-earn crypto project. It was introduced to give movie lovers and crypto enthusiasts in general a chance to make the most off the crypto market. The popularity of Script Network has continued to attract new investors.

Firstly, Script Network offers a relatively easy and low-risk way for people to earn cryptocurrency without having to invest their own money upfront. This can be appealing to those who are interested in cryptocurrency but may not have the funds to invest or may not feel confident enough to invest in the more traditional ways such as buying and trading.

Secondly, Script Network offers a way for people to earn passive income by simply watching videos or completing other simple tasks. This can be particularly appealing to individuals who may be looking for ways to supplement their income or earn extra cash on the side.

#scriptnetwork #Web3 #watchtoearn #crypto2023 #DeFi

London, UK - November 20, 2024 – Script Network, the pioneering blockchain platform revolutionizing video and entertainment, has unveiled an ambitious SCPT token burn program, committing to remove 72 million SCPT tokens from circulation over the next two years. This initiative underscores the platform's off-chain success, the growing adoption of its infrastructure, and its commitment to sustainable long-term value for its community and stakeholders.
A Milestone Worth Celebrating
This announcement follows a year of exceptional achievements that have firmly established Script Network as the leading entertainment and gaming platform in Web3. Key milestones include:
Over 120,000,000 minutes watched on the Script.tv platform, reflecting strong user engagement.Officially the most utilized entertainment or gaming platform in Web3, setting new industry standards.Successful buildout of an advertising protocol, enabling monetization for creators and advertisers.Accessibility on over 400,000,000 devices worldwide, showcasing unparalleled scalability.A growing ecosystem of 25+ companies, with 8 actively leveraging Script Network infrastructure and APIs.
These accomplishments highlight Script Network’s leadership and its rapid adoption across the Web3 entertainment landscape.
The Burn Plan in Detail
The SCPT burn program will remove 3 million tokens every quarter over three years, totaling 72 million tokens by the end of 2027. The first burn will take place on January 1, 2025, with subsequent burns occurring quarterly.
To ensure transparency, Script Network will launch a dedicated 'burn page' in its official documentation, providing transaction IDs (TX IDs) for each burn to enable on-chain verification.
Why Token Burns Matter
Token burns reduce the circulating supply of a cryptocurrency, enhancing scarcity and potentially increasing long-term value. By committing to this deflationary strategy, Script Network reinforces the importance of SCPT as a central component of its ecosystem while aligning incentives with the interests of its holders.
This initiative also underscores Script Network's focus on sustainable growth as it continues to scale its platform and services.
Looking Ahead: SCPT’s Role in AI and LLMs
As part of its roadmap, Script Network is integrating AI-powered video solutions and Large Language Models (LLMs)into its offerings. These technologies will add new utilities for SCPT, as users will need the token to access AI-driven tools and services. This will contribute to further token burns, strengthening its deflationary model.
Details about SCPT’s integration with AI and LLM products will be announced in the next two months, reinforcing Script Network’s commitment to innovation.
Commitment to a Deflationary Future
Script Network’s burn program showcases its dedication to a robust, transparent, and value-driven ecosystem. By reducing supply, enhancing utility, and prioritizing transparency, Script Network ensures SCPT remains a vital asset in its long-term vision.
The burn initiative marks a new chapter for Script Network, offering SCPT holders confidence in the token’s importance and utility as the ecosystem grows.
For more details about the burn program and Script Network’s roadmap, visit Script.tv or access the burn page in the official documentation starting January 2025.
About Script Network
Script Network is a blockchain-powered ecosystem transforming the entertainment industry. By combining decentralized technology with AI and LLM innovation, Script Network provides cutting-edge infrastructure solutions for video, media, and beyond, enabling creators, enterprises, and users to thrive in the Web3 era.
This press release is brought to you by EAK Wire, the leading Web3 PR Newswire.
#scriptnetwork #Burn