Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
If you had invested $200 in this relatively unknown project just 2 months ago, that $200 would now be worth over 10K. In that same time many other cryptos have dropped by over 20 percent. Even the stalwarts like BTC has seen crazy volatility in that time frame. So what is so special about this project that has allowed it to 50X in 2 months???
BYAS launched on Jan. 6th to no fanfare. It was a stealth launch. No VCs. No presale. No airdrops. This was all in line with their vision laid out in their whitepaper where they talk about how they despise all the greed in crypto. BYAS is Balanced Yield Autonomous Savings. It describes itself as a decentralized savings system that pays a yield based on network activity instead of inflation. There's a 3% fee on buys and sells with 1% of that fee going back to holders. Ho hum...we've seen this before. So what is it that's so unique about BYAS?
The devs did something that no other project in crypto had ever done...Require you to hold a minimum amount of BYAS in order to interact with ANY part of the project. This brings a never introduced before use case to crypto. In the beginning of crypto, you just held it like a stock. It provided no active benefit or yield just by holding it. Then DefI came along and introduced the concept of earning interest on your crypto. That invention was the reason behind the huge growth in the crypto market cap from 2020 to 2022. But generating more tokens just for simply staking them is an inflationary response to a real need. And as such every token that provided single staking opportunities has fallen over the last year.
So what BYAS has done
Read more on cryptonews.com