why baino currency is scarce
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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The scarcity of baino currency is due to its low supply quantity. Other factors influencing why baino currency is scarce is also because of the fact that the Tokens are extremely hard to earn organically.
Baino currency can be scarce when you are trying to buy it as stocks in the foreign exchange market for investments purposes, such as to generate profits. This is so because there is very low supply of TRP in the global market for trading.
But earning baino currency is not scarce in the sense that anyone can earn it using a device and internet. Example; just by me dropping this answer under your question automatically earns me 2.00 TRP, equivalent to $0.02 USD. If i decide to sell it now, it can be sold at $0.014 USD per TRP.
It clearly depends on which direction you are looking at it. To evaluate baino currency scarcity.
From the perspective of a trader, I will say, yes; baino currency is extremely scarce to find in the Forex market to trade TRP with other currencies.
Whereas, from the perspective of an earner, its a bold no, that baino currency is not scarce at all, as TRP is earn-able, and with ease for that matter. But requires much work and effort to obtain them.
Baino currency is scarce because it is extremely difficult to earn, as TRP is a user-generated asset with the value of 0.01 USD per token. Earning baino currency requires one to write original answer to respond a question, where they get 2.00 TRP (0.02$) as royalty tokens.
Accumulating this penny tokens to reach a reasonable amount takes a lot of time and strength, thereby making baino currency hard to earn and scarce in the market for trading and exchange.
In terms of availability, baino currency is not scarce, because anyone with a device and internet can earn it by sharing their knowledge in Memoir using a Free Account. There are over 8 trillion TRP in reserved (valued at $80 bln), used for payouts to people who earn baino currency Tokens globally.
Low supply of Tokens is the primary reason why baino currency is scarce in the global foreign exchange market. Probably because this is still a new digital asset with lesser demand compared to similar digital assets; with high demand.
Baino currency is scarce for two key reasons; (1) low supply, (2) time consuming.
For 1, because baino currency is autonomously issued by UTF, the tokens are used to settle earners as royalty payments, making supply into the exchange market very low. Thereby causing scarcity in the market.
For 2, earning baino currency in the manual way is really time consuming, although it accumulates to millions of Tokens over time which is instantly due for withdrawal by earners, making selling Tokens scarce in the Foreign Exchange market.