Tamadoge Has a Better P2E Pitch than STEPN Due to Inflation and the Cheating
STEPN is an initiative that commercialized the concept of “move to earn.” Interest and derision were both generated by this new concept; some people were hopeful that blockchains could motivate people to exercise more, while others (and properly) questioned how it could be sustainable that someone could be paid for simply moving around.
Inflation’s effect on long-term viability
Due to the inflation’s usage in spreading ownership out among more parties and the network’s rapid expansion, the selling pressure is mitigated when projects are still on the small side and inflation rates are high.
Bitcoin is the best illustration of this because it was initially mined by a single person (Satoshi) and saw rapid inflation. More people joined the network when the inflation rate was halved again and over again.
Bitcoin’s inflation has slowed significantly, but it still serves the same goal as before: rewarding new miners for joining the network and helping to keep it secure.
Nevertheless, STEPN’s high inflation rate has been troublesome because of the currency’s rapid decline in demand.
The number of individuals utilizing STEPN’s “move to earn” technology plummeted, and the runaway inflation has caused the price of GST to soar that bringing it back up is next to impossible; the price has fallen by more than 99.6 percent.
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There are significantly more deflationary forces in Tamadoge
Tamadoge, a play for profit initiative, has taken special measures to ensure that it features extremely deflationary elements. Due to deflationary forces, Tamadoge tokens will become increasingly hard to come by over time, driving up costs.
When customers make purchases at the Tamadoge store, the team has promised to utilize 5% of the proceeds to repurchase and destroy TAMA.
The potential of Tamadoge greatly beyond that of STEPN
Despite the disastrous performance of the token price, STEPN has won the hearts and minds of many and built a vast and dedicated community.
In order to make their business model more appealing, STEPN took use of Solana’s low transaction fees. However, this may not have been such a good idea in the long run, especially when one considers the constraints of Solana.
It has been argued that Solana, as a blockchain, is too centralized and prone to outages. It is conceivable for a small number of dApps to consume a disproportionate amount of network resources (at one point, 20% of transaction fees paid on Solana were from STEPN users), causing the network to become severely overburdened.
As Tamadoge is launching on Ethereum, not Solana, Solana’s niche will be undercut even further after Ethereum completes the integration in about 12 hours, as Ethereum will have successfully appeased environmentalists.
Thus, it’s possible that Tamadoge’s proposal for a play-to-earn environment is much more long-term viable than STEPN’s. To further guarantee the community that the development team is incentivized to keep working on the project over the long term, vesting dates for tokens in the Tamadoge ecosystem that are not immediately delivering have unusually extended time frames.
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