I am not affiliated with Tezos labs and they have not sponsored this post.
Let’s continue our journey into the “altworld” and leave the scenes of one of the most successful ICOs of all time - Tezos (or XTZ). $ 232m accumulated!
If you allow me, I will make some structural changes that you can get used to.
There will be 4 parts, which I think are the most important in understanding the basics of the project. These are Ideas, Teams, Latest Achievements, and Tokenomics.
And as always I will give my personal opinion at the end. Let's dive!
Idea
Tezos is a self-amending platform for creating smart contracts and d-apps. Its blockchain is based on the Delegated Proof of Stake (DPoS) agreement. Unlike Ethereum, Tezos promotes various philosophies and does not support tokens (such as ERC-20 in ETH). In the Tezos token features can be proposed in the protocol layer itself.
Unlike Ethereum, Tezos promotes various philosophies and does not support tokens (such as ERC-20 in ETH). In the Tezos token features can be proposed in the protocol layer itself.
Example: A developer may propose an amendment and attach an invoice to the amendment to obtain a reward if the amendment is selected.
The main use case for token is tokenizing various assets (tokenized real estate, stock, digital collection) and smart contracts.
Team
Tezos has no leader in the common sense. The Tezos Foundation is an organization founded and controlled in Switzerland that oversees the Tezos project. The Foundation has a contract with Dynamic Ledger Solutions and its task is to develop Tezos source code. Dynamic Ledger Solutions was founded by Arthur and Kathleen Breitman (both have backgrounds in the program). Arthur is an Associate at Goldman Sachs and Vice President at Morgan Stanley.
Notable project advisor is Zooko Wilcox (founder of crypto-oriented crypto Zcash).
The project is also supported by Tim Draper.
Latest Achievements:
Elevated Returns (NY, USA), a financial group dedicated to digitizing traditional financial assets, set to grant Thai real estate with a target of $ 100 million (March 1, 2019)
The Bank of France tested and showed interest in the Tezos node (18 April 2019)
BTG Pactual, a Latin American investment bank, and Dalma Capital (Dubai, UAE) plan to use Tezos for $ 1 billion worth of STOs (July 8, 2019)
Bonda Vinci, a blockchain business in the culture and arts industry, has signed an agreement with Tezos Korea for a joint venture of arts and security securities token (August 8, 2019)
AR24, a leader in electronic registered mail in France, started using Tezos (October 9, 2019)
Tezos Foundation has partnered with Globacap (London, UK) to drive automation in capital markets (October 10, 2019)
Partnership with Alliance Investments to value River Plaza, a luxury real estate development worth $ 640 million in Manchester, UK (October 30, 2019)
Amun AG (Zurich, Switzerland) launches Tezos ETP (electronic traded product) on SIX, Switzerland's major stock exchange (November 14, 2019)
The French Armed Forces began using the Tezos blockchain to justify judicial costs (November 20, 2019)
A big thank you to redditor everstake for gathering this information.
Tokenomics
A total of 607m XTZ was created in the genesis block for fundraiser participants. The 3.1m XTZ was created for early supporters and contractors, and the 76m XTZ was created for the Tezos Foundation and Distributed Ledger Systems (4 years vesting until July 2021)
Total initial supply: 763,306,929 XTZ Circular supply (until Q1 2020): 694,191,974 XTZ Tezos uses an inflationary model of 5.5% a year as a mechanism for retaliation by stakes as well. At the time of writing, the XTZ NVT ratio (what is the NVT ratio) is 13.
Conclusion
As someone who believes in a future multi-blockchain, I think XTZ can see this place in top projects (like Ethereum, Cardano, QTUM, etc.). In fact, with the 1.3b market cap, 100m + volume, and 13k + daily transactions, I think I found it.
I personally like the idea of giving token blockchain assets and looking at the achievements of XTZ 2019 I see they are doing it well. Many analysts predict that the next driver for crypto adoption will be STOs (security token offerings), well that’s exclusively designed for XTZ.
Above all, I like the simplicity of tokenomics. I understand exactly how and when new tokens come out of circulation and it gives me so-called additional peace of mind. Also, NVT suggests that the asset is far from fair price. I leave it up to you to decide which direction.
