Crypto Assessor
1 min readMar 30, 2024

--

I like the update, in my view a two token system was long overdue as the majority of community FUD stemmed around the possibility of PoV tokens impacting the circulating supply of $VRA. For the naysayers look at others such as VeChain's $VET and $VTHO, or Floki's $FLOKI and $TOKEN as examples of dual-token viability and success.

However, I don't believe Tron is the correct network, despite this article's claim it lacks interoperability with other networks, and there's very little DeFi protocols built upon it. There's a reason why Circle ($USDC issuer) have abandoned Tron just within the last month. Algorand is a far superior commercial network to leverage, which includes interoperability with EVMs, Solana and Cosmos via Wormhole and Axelar bridges. Folks Finance are also integrating Algorand with Avalanche, Arbitrum, Optimism, Base, other EVMs and Solana by the close of 2024. This would enable a seamless and efficient dual-pool liquidity system for $VRA and the PoV token.

Another option, keep PoV token on ERC20 as it's a commercial token, whilst $VRA could be migrated to a different network which is more user-friendly such as Arbitrum or Base. Base provides an advantage of a potential listing on Coinbase in the future.

--

--

Crypto Assessor
Crypto Assessor

Written by Crypto Assessor

Research & Due Diligence Lead @TheBirbNest | Networking @SolidProof_io | Delivering #Web3 Solutions to #Crypto Projects | Educating Crypto Investors

Responses (1)