Utility = Value (and why RugZombie Team are BUIDLERS)
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So much of what passes for unique and new cryptocurrency these days is centered around new “tokenomics”. Decentralized finance (think yield farming, liquidity providing, etc) has led to a Cambrian explosion of new projects in the Defi space. Most of them unfortunately offer nothing better than newer iterations of existing projects with slightly newer features.
For RugZombie, we thought long and hard about how to create value on the Binance Smart Chain. A lot new projects suffer from the same fundamental issue: lack of utility.
This takes many forms, from charity/community tokens (of which our devs have full wallets), to clones and forks of existing AMMs with higher yields (which we love and enjoy).
However, the question we were asking ourselves is, “in a world where these kinds of projects are abundant, what problems need to be solved on the BSC?”
This is a great question we would recommend asking when you find a new potential gem token. Understanding the problem that a project is attempting to solve shows you just how valuable it can become.
RugZombie is many things, but at the core of this project is an actual product that solves a real issue: people being scammed, hacked and exploited by other evil-hearted and selfish people.
We could have created just another yield farm (AMM) that provided no different solution than others that have come before. The competition for these kinds of projects is fierce. Not everyone makes it.
We could have created a community or charity token to find other like-minded individuals. Most of these will not stand the test of time.
Instead we chose to build something that will Zombie On, and have lasting, dare we say, unlimited, value.
Simply put, utility = value. We are builders.
See more about RugZombie in our other posts on Medium:
The information shared in these docs, our roadmap, our lite paper, white paper, and social channels such as this blog, is not financial advice and should not be misconstrued as such. The primary purpose of these documents is to provide potential token holders with pertinent information in order for them to thoroughly analyze the project and make an informed decision. Engaging in cryptocurrency projects involves substantial risk and it is strongly advised that you consult with a financial professional prior to your participation. These documents do not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. Neither RugZombie nor any of its contributors or creators shall be held liable or responsible for any errors or omissions concerning this project or for any damage you may suffer from your participation or as a result of failing to seek competent financial advice from a financial professional. This white paper is not in any way intended to create or put into implicit effect any elements of a contractual relationship.
Originally published at https://www.publish0x.com.