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About Crucial Token
Crucial token was inspired by the need for bitcoin adoption. Many businesses in the space find adoption technically complex or cost intensive. In order for many businesses to begin accepting bitcoin they have to get technical expertise and new equipment at a time when inflation has really hit home.
Crucial gives the crypto community a direct path to adoption by directlyfunding it's integration into our financial system. Upon launch, a portion of the supply will be set aside to promote merchant bitcoin adoption by funding new Point-of-Sale equipment loans for merchants to immediately begin accepting bitcoin for purchases. This injection of funding will allow for swift adoption of bitcoin thereby cementing a decentralized future for all.
Crucial token doesn't stop there
A portion of Crucial (denominated in GRIP), will be set aside for the creation of the Crucial Token Protocol DAO. When certain growth points are attained in grip, this will trigger the creation of the DAO and the beginning of decentralized decision-making in the future of adoption investment and Crucial growth. The focus at this point in the growth of Crucial is projects and partnerships that adopt Crucial for use on their platform. The full intent is to eventually convert the protocol DAO into an investment DAO focused on the growth of the Crucial Token space and advances in value for the token.
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FAQs
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Why was Crucial created?
The creator of Crucial token needed a way to allow an already motivated group of people the opportunity to invest in Bitcoin Adoption while creating a token of value at the same time. This would provide liquidity to onboard merchants in accepting bitcoin lightning payments at their retail locations.
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How does enabling merchant adoption benefit Crucial token holders?
With the small amount of total supply reserved for bitcoin adoption, these funds are tokens headed for burning...eventually. As the value of Crucial token rises and certain metrics are hit, funds will be released from the bitcoin adoption fund to finance the purchase of Merchant Point of Sale Equipment which will allow them to begin accepting bitcoin lightning payments immediately without upfront investment. In turn, as lease interest payments and all principal payments are collected (all POS leases are limited to 1 year), these funds are used to purchase $GRIP in the open market and are subsequently burned thereby decreasing token supply and leaving a new Merchant ready to champion crypto.
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What about the long term value of Crucial?
In order to support the use of Crucial Token, it will be accepted as payment for monthly Next Layer Flashpay fees. Also, in the upcoming Next Layer Decentralized App Market (Coming Soon) , all future game titles will mandate the use of Crucial Token as in-game currency.
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What about the independence of Crucial token? Will it be controlled by one entity?
Of course, crucial token will be launched by it’s creator. Built into the plans for Crucial Token is a 5% reserve fund for the creation of a Protocol DAO so that future token holders will be handed the reigns of decision-making upon its creation. The eventual conversion to an Investment DAO will be suggested to occur shortly after to then utilize funds for future investments in such a way to grow the actual value of Crucial itself through a variety of (Loan-to-coin-burn, Loan and interest earned, etc…..) Those decisions will be made by the DAO.
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