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Web3 ecosystem roles realignment to address the new challenges of block space excess
The Web3 industry has entered an era of surplus in block space, and realigning ecological roles has become key.
With the completion of large infrastructure projects and the rise of application chains, the Web3 industry has entered a stage of oversupply in the Block space. The supply-side economics philosophy long upheld by the Ethereum community seems no longer applicable to the current situation.
The previous approach of indiscriminately encouraging development, regardless of quality, even when a project has very few users and lacks growth potential, has been proven problematic by reality. Some well-known funding programs have even become synonymous with governance corruption and a breeding ground for zombie applications.
As the global situation changes, the cryptocurrency industry is maturing rapidly. Web3 is about to enter a true phase of large-scale application. Against this backdrop, the industry's focus has finally shifted from pleasing certain industry giants to meeting the needs of consumers and users. Projects and developers that recognize this shift early are more likely to gain an advantage in the new era of large-scale Web3 applications.
A certain cross-chain ecosystem has always been ahead of the Ethereum community, with innovations in both modularity and chain abstraction. Recently, an emerging project proposed an interesting plan aimed at rebalancing and aligning the reward mechanisms for ecological roles such as application chains, governance nodes, and users, encouraging them to responsibly participate in L1's consensus security and governance, and to use block space resources judiciously.
This plan draws on the token economic models of well-known projects in the industry, perfectly blending the essence of the design experience of two cycles of token economics. It changes the traditional token economics model of PoS chains, providing rewards not only to governance nodes but also directly to application chains and end users.
It is particularly worth mentioning that the project has designed a unique unlocking mechanism that requires users to maintain activity in order to fully unlock rewards, thereby encouraging the continuous use of Block space. Additionally, users can also choose to stake the rewards they receive into the L1 liquidity pool to enhance the overall liquidity, interoperability, and security of the ecosystem.
This innovative design seeks to balance the interests and responsibilities of governance nodes, application chains, and end users while maintaining the position of the native token as the foundational currency of the ecosystem. It not only avoids the issue of fragmentation seen in certain cross-chain ecosystems but also overcomes the misalignment of incentives in the Ethereum ecosystem, providing new ideas for the next stage of development in the Web3 industry.