Review on CUE Protocol by Pedro O. Alvino M.
Decentralized governance with deflationary token based on Binance Smart Chain.
Emerging project of the Binance Smart Chain, has a deflationary mechanism in its native token so that it serves as a means of development of the project, through the votes raised by the project in its application that is in the development phase.
According to the market supply of the CUE token, it is only 10,000 tokens, so these will be reduced over time since the governance system proposed by the project is to use CUE as a means of incentive to users attached to governance, since the fees generated from the ecosystems will serve as a background medium. One of the important mechanisms that the project promises is to give users control of using CUE tokens either as a means of funding for development or marketing through token burning.
Despite having very little time in the market, the economics of the project can be positive if and only if it has a large number of users who support the project and as the administrators adhere to the roadmap indicated by the project, of In such a way, the token can be strongly projected in the market given the indispensable utility it will have in the application and the CUE token burning system that will be implemented over time.
Pros
- Designed with a deflationary token and decentralized governance.
- Based on Binance Smart Chain which is much more scalable and cheaper than Ethereum.
- The smart contracts of the project are audited by AUDITORS RD.
- The project has a good number of followers on its social networks.
Cons
- The project is still in the development phase.
- Several competitors in the market.
New products
Comments (1)
May 08, 2021
This project has been sent to the Binance smart chain! The People's Congress is a congress with deflationary mechanics. Token owners can decide whether to spend the administration wallet or to improve advertising, and Dapps will also use the CUE label.
