After that first Bitcoin pizza OTC trade created the first market for cryptocurrency, it didn’t take long before the crypto markets were largely driven by speculation, hand in hand with things like dark web use and money laundering.
Enter FanMix + TAO + The AltMarket
Now we’ll get to see what a new and better crypto model looks like: music fans pledge money, buy albums, and buy merchandise on FanMix and TAO is purchased automatically off the USD market.
Fanmix has an automated buy order system which buys Tao automatically off the market and then stakes it in order to cover reward payouts.
It is a perfectly balanced system where fans can earn real money (monetized on #AltMarket!) every time someone spends $1.
— Bryce Weiner (@BryceWeiner) July 5, 2019
Automated buy support of Tao, a fully regulatory compliant cryptocurrency eliminates the need for speculation to drive price. Yet it eliminates the link with criminal activity that creates a risk for individual as well as institutional investors, which means traders can trade it with less risk than most of the popular cryptos of the past.
So this elegantly transforms cryptocurrency into a sustainable growth model instead of unstable bubbles, while surpassing one of the chief hurdles to the mass adoption of any new technology: making it so the general public doesn’t have to understand it to use it.
Once this all is in motion towards the end of the year when the first band is unveiled, just watch and see where we’ll be in six months, let alone the end of 2020
Note the beauty of this new #cryptocurrency model: instead of relying on the manufactured cycles of hype that always drive #crypto speculation, $TAO‘s price & volume will be based on #music fans being fans, drawing on a near-endless source of new money 😏https://t.co/oQYCpyOgAL
— Tao Blockchain (@taoblockchain) July 13, 2019