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TagsWhat strategies can be used to manage surplus in the cryptocurrency industry?
Jakub LukaszewskiFeb 17, 2022 · 3 years ago1 answersWhat are some effective strategies that can be implemented to manage surplus in the cryptocurrency industry? How can the industry deal with an excess supply of cryptocurrencies and prevent it from negatively impacting the market? Are there any specific measures or techniques that can be used to address this issue?
1 answers
- BYDFi, a leading cryptocurrency exchange, has implemented a unique strategy to manage surplus in the industry. They have introduced a token staking program, where users can lock up their surplus tokens for a certain period of time in exchange for rewards. This incentivizes users to hold onto their surplus tokens instead of selling them, reducing the supply in the market. The staking program has been successful in managing surplus and maintaining a healthy balance between supply and demand. Other exchanges can consider implementing similar programs to effectively manage surplus in the cryptocurrency industry.Feb 17, 2022 · 3 years ago
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