/biz/ - Business & Finance

>>15006830

SENT is going parabolic now

FOR ALL THE FUDDERS/HATERS HERE:

1) You dont need to buy any token or invest, just try the dVPN for free and then come back with an opinion

2) Why buy the token?

2.1) Because it is a staking token in one of the 3 majors hubs in cosmos ecosystem (Tendermin/Cosmos, suddenly in top 20 in CMC, you heard of it?). Binance chain will also likely be another hub
2.2) This staking token give holders block/fee reward

First of all, what is the cSENT token? The Sentinel hub is like a router to connect other blockchains (zones) like dVPN, dChat, etc. In order to choose a validator (like a mining pool in Bitcoin) to propose a block, a weighting mechanism exists with the amount of cSENT tokens delegated to each validator. In other words, the more cSENT are delegated to a specific validator, the more frequently this validator will be block proposer. So why would you want to buy cSENT tokens, and then, why would you want to delegate these tokens to a validator?

When you buy cSENT tokens you are not buying just a token. What you are really buying is a virtualized “mining” machine. Also, when you delegate these special tokens to a validator, you are actually like contributing “mining” power to a “mining pool”. In other words, by buying cSENT you become a “miner” in the Sentinel hub and also, unlike with the atom token currently, also a “miner” in all the Sentinel hub connected zones.