💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
The Nervos Network is an open-source public blockchain ecosystem and collection of protocols.
The Nervos CKB (Common Knowledge Base) is the layer 1, proof-of-work public blockchain protocol of the Nervos Network.
The CKByte token (CKB) is the network's native token and has the following use cases:
State storage on the network: CKB represents cell capacity in bytes, and they give owners the ability to occupy a piece of the blockchain's overall global state. For example, if a user owns 1,000 CKB, he/she can create a cell with 1,000 bytes in capacity, or multiple cells that add up to 1,000 bytes in capacity. He/she can then use the 1,000 bytes to store assets, application state, or other types of common knowledge.
Miner compensation: Miners are compensated with both block rewards and transaction fees in the form of CKB tokens.
Staking rewards: CKB holders can deposit and lock their native tokens into a special contract called the NervosDAO to earn staking rewards.
More information on CKB token economics can be found here.
As at January 26th 2021, the circulating supply of CKB is ~23.7 billion and the total supply of CKB is ~30.7 billion. See here for a chart representing the circulating and total supply of CKB.