Flow: From Hype to Reality Check
BINANCE:FLOWUSDT is a blockchain designed for games, applications, and NFTs. It was developed by Dapper Labs, the creators of NBA Top Shot and CryptoKitties.
FLOW Token Utility:
1. Pay transaction fees on the Flow network.
2. Staking to secure the network and earn rewards.
3. Access storage on the blockchain.
4. Governance participation (planned for the future) through voting on network decisions.
Economic Model:
* Inflationary model: New tokens are issued annually (~3-5% inflation).
* Burn mechanism: Part of transaction fees is burned to offset inflation.
* Token distribution:
* 52% — Ecosystem and development
* 20% — Team
* 28% — Investors
Main Risk: Inflation.
Technical Analysis Outlook:
In reality, this appears to be a dying token. Its fate seems to be continuous decline, confirmed by the impulsive nature of the downward movement. However, considering the current market conditions, there is a high probability that the token will correct 50% of its decline, potentially reaching the $4 mark.
The minimum target is $2.5.