My true understanding of $CKB is that I got to know it during the recent explosion of the Bitcoin ecosystem!
To be honest, $CKB is a very good token. Why do I say that?
It was only after I reviewed its economic model that I realized their team is seriously considering the token!
Because it aims to provide incentive mechanisms for distributed systems, encouraging participants to achieve the success of the blockchain network while pursuing their own economic interests. Therefore, its unique token economic model provides new ideas for the sustainable development of blockchain.
The issuance of $CKB tokens is divided into primary issuance (45.7 billion) and secondary issuance. The primary issuance has a schedule similar to Bitcoin's, with a limited total supply, and all primary issuance tokens are rewarded to miners to protect the network. The secondary issuance aims to collect national rent, with the issuance amount remaining unchanged over time, continuing after the primary issuance stops.
Since local tokens represent the right to expand the global state, secondary issuance can be seen as imposing an 'inflation tax' on all existing token holders, which is a way for users storing state to pay state rent to miners. At the same time, for CK bytes not used for storing state, users can deposit and lock them into a special contract of NervosDAO, which receives part of the secondary issuance to compensate for unfair dilution.
If there is only continuous issuance, CKB really has no future, but if there is some protection for long-term holders, as long as Bitcoin continues to develop, CKB will definitely be one of the very large ecosystems!
As long as you firmly believe in the bullish outlook for Bitcoin, CKB is a very good target (currently with a market cap of over 500 million, ranked 117). If it erupts, it will at least exist within the top fifty, so you can now add it to your watchlist and observe for a suitable entry point!
