Xen Crypto - [Emergency] Mint Rush!

Welcome back to the channel. I hope you all are having a great day. I want to talk about getting involved in the mint rush before it's too late. Now, unfortunately, uh, the VEMP, uh, token that we have been discussing on previous videos has minted out Right, so we had already talked about the, the VAMP token, the VAMPX token, right? This token wasn't going to be, uh, a heavily, uh, participatory cryptocurrency that, you know, there wasn't going to be, uh, you know, people who were going to be able to get involved in this thing, uh, that there was a window with this, and so if you, you know, if you haven't got in yet, you know, obviously it's too late now. Uh, but although VAMP is over, we're going to talk to you today about another cryptocurrency you can mint, and the relation to that and Zen's gonna be, uh, that, you know, obviously you can mint it for free and you can sell it for Zen, right, to buy Zen. See, the problem is this, guys. Anytime a free cryptocurrency is created, as good as the idea is with the Zen project, um, the notion that exists is that if everything is free, nothing has value, right? This is, you know, how the conversation gets maneuvered a lot. Now, uh, uh, there are some economic principles out there that can be shown that shows that That's not exactly true because there's really no such thing as free in the sense that we're thinking of it, right? Uh, and so, uh, there can be, uh, abundance, uh, with something still of great value and so on. But let's talk about— we're gonna talk a little bit about that project. We're gonna talk about, uh, how you go about this and why you should, and why, uh, even though you'll be able to keep minting this cryptocurrency We're going to talk about why the window for it is very important, like how it was with the VAMP cryptocurrency and the reasons why, and, and hopefully how this can help to assist XEN in its liquidity issue. That's going to be a problem with every free cryptocurrency out there, but if you understand Metcalfe's Law and your projects are structured correctly, there is a way to meet those challenges, right? So here's what we want to talk about today with the BitcoinNYK token. A lot of people who watch the channel know about this cryptocurrency, right? Now what they're starting to see is that this works a bit different from Zen. There are some dynamics in this that even though you mint it free, there's reasons why it has value, reasons why people buying it. Obviously Uh, anytime you see that going on, it's going to be, you know, reasons for that, right? Why these people are engaging, why these people are buying, so on and so forth, right? But here's what we want to talk about, and here's what we want to show you, right? So if you look at the sell side of this cryptocurrency, and there are thousands of people holding this cryptocurrency, I believe it's something like 20-something thousand people, and that number's going up every day. But if you look at the prices of the cryptocurrency, the BitcoinMYK token that you can, you can mint for free, right? You see people are asking, uh, something like around, uh, uh, $0.00029 for, right? But as we look at the sell side pressure, there's not a lot, and pretty soon we're gonna see this project around a penny and 10 cents and 20 cents, right? There's not much resistance, right, to get it there, right? You know, just like that. And even with that many people holding a free cryptocurrency, that's what's so extraordinary about this, right? And I want you to let that sit with you and think about that for a moment. Why that is? Why are people holding? Well, obviously Uh, they will be holding it for the price to go up because not only of the scarcity, but because they believe there's some future in the project and they believe there's a reason it would carry this value. Now, as a Zen community member, as a Zen user who is struggling with liquidity right now, right, uh, that you don't have a dollar to buy Zen, that's why liquidity is so low, right? Because if you did, you'd be picking up Zen for extraordinary cheap prices. You can pick up billions of this cryptocurrency for nothing. But why aren't people buying Zen? Why isn't there any liquidity? The reason it isn't any liquidity is because they are concerned about the future of Zen, unlike with Bitcoin MYK, right? And Bitcoin MYK, obviously they're not concerned about the future because it's going bad because there's too many holders of it and they would all just dump it, uh, and it wouldn't, it wouldn't be able to get to or break over a penny and 10 cents and 20 cents with very little sell-side pressure. The market is always right, right? I don't care, you know, you know what, you know, theories you have about it. Um, we've tried the same such theories, but in the end, the market is always right. It is the public consensus of what the market should be for the most part. Not saying that it can't be market manipulation in it, but I will say it this way: in a free cryptocurrency, it is likely there isn't, right? Because in a free cryptocurrency, uh, you're going to— you will have too much sell pressure, you have too many people taking profits and not enough money coming in, not enough true believers, right? So more likely, when you see a free cryptocurrency performing, it's probably true. And that's why Zen's liquidity is so poor compared to others, because in a free cryptocurrency, it's probably not going to be any manipulation because you're going to have such wide-scale participation. And in my opinion, those are the best places to start. Now, there's an, uh, uh, the reason that this is an emergency extreme case of where you need to be minting this cryptocurrency to use it to buy more Zen if you like, or do whatever you like, We're going to talk about that real briefly right quick. All right guys, we're here on the BitcoinMYK site. That's BitcoinMYK.com. Looking at the right-hand side of my screen, I have 480 BitcoinMYK tokens I've minted right now. As we looked at the, the price charts, uh, pretty soon Bitcoin and YK is going to be at about a penny. Very little sell side resistance. That's $4.80, uh, I've minted absolutely free, right? Very easy interface, none of the troubles you get with syncing Ethereum-wise and such. This runs primarily mostly on the Hive blockchain, but it is multi-chain, right? Uh, transactions are free, etc. Uh, now here's the reasons, guys, that this is an emergency state of affairs with minting BitcoinNYK. Much like Bitcoin itself, what happens with Bitcoin and the, the halving event is that the rewards you can earn start to reduce, right? That's the same thing that's going to happen with BitcoinNYK. So the yesterday minting of the cryptocurrency that you incur, right, is going to be, uh, in theory more valuable. At least our hope is going to be more valuable tomorrow, and that's what it seems to be happening because it is rare. right? Um, much like Bitcoin is only going to exist about 21 million of the cryptocurrency, and, uh, it's then going to become 4 times more deflationary with Bitcoin with only about 5 million of the coins existing, right? And so what's going to start to happen is the prices go up with BitcoinNYK. If you don't already have them, uh, where you can mint free on BitcoinNYK.com, uh, the best, uh, algorithm in— I've seen in cryptocurrency on how to generate these, uh, more yield and more of these coins, right, in a proof of participation model, right? So this, this 480, uh, that I have, right, well, I was able to earn 480 of them rather easily, right, earn 4 BitcoinNYK tokens at a time. But what's going to happen is as this thing gets closer to a penny the amount of rewards we receive will start to reduce. That's why it's so very important that you take advantage of this today. Now again, the problem with the Zen community being that Zen hasn't really solved the what do we do when we give these free cryptocurrencies out, right? BitcoinNYK is a little bit different. The cryptocurrency is a lot more scarce. The product and the, uh, the applications are a lot more user-friendly, a lot more useful to people in their everyday lives and so on. They can do cool stuff with them. They could do free transactions. They can, uh, their activities and their participation is what mints the token, right? And so very, very interesting things going on with BitcoinNYK. But here's the problem, guys, right? As you see people buying, as you see these things approaching 1 cent and nothing seems to be stopping it, and there's reasons for that. The problem is not saying that you won't, you won't do well, right? Because it is still scarce. I think that we're going to probably see good value in it the way it's set up, but your success in the project, uh, how successful you're going to be, it does depend a great deal on are you using it now? Are you just watching to see what happens, right? Uh, and what do you need to see happen in order to take advantage of this before it's too late, because every minute you wait, the less— and remember, it's all free. So the only person holding up the express lane is you. You can get it free, already start experimenting with it, selling it, buying more XEM, and hopefully helping somewhat to the liquidity of XEM, because right now it would seem the XEM community doesn't have the money to put into the XEM free cryptocurrency. They have the story together well, but it's not showing up in the minting of the XEN itself. And the liquidity is very, very poor and the prices are very, very poor, right? And, um, you know, on top of that, a lot of complaint was all these other cryptocurrencies are being minted. They take more attention off, you know, even as Richard Heart was saying, like even in the Pulse community, if you're not using Richard Heart projects, You're taking money out of the Richard Heart ecosystem, uh, coins, right? So you're, in a way, he believes, uh, eating their lunch, right? I think BitcoinMYK offers a much more— just the way it's set up, uh, the value proposition it has, I think it just offers a better way of doing this, right? And, uh, even helping Xand with his liquidity, right? Get more people through here and, uh, you know, uh, selling it for XIN, which is fine because as we said, BitcoinNYK is so deflationary that, you know, even if a lot of people tried to dump it and mint it, what we're starting to see is that it's just, it's on the rise up. It's very difficult to keep it down at this point. All right, so if you're that person who's minting XIN every day, you're not putting any money in this ecosystem, you're not buying it, the liquidity is poor, you're just kind of holding and hoping, then you 100% need to be on BitcoinMYK, uh, minting for free, uh, and selling it to buy you some Zen, right, to help out the Zen ecosystem if it comes to that. Um, and you can see, uh, as I've been earning, um, the minting, right, you can see how much I'm earning for BitcoinMYK tokens, right? And based on the algorithm and the activities you do, the value you get changes. What we're saying is, much like the Bitcoin halving in the very nearby future, and it's probably going to happen once we cross the penny threshold, uh, your rewards are going to be reduced down, right? It's going to continue to do that the higher the price gets. If you get the cryptocurrency now, if you mint it for free now, uh, you're probably going to be in a very, very good situation, right? And so that's why this is so very important, guys, right? That you don't sit on the sidelines and, uh, go, okay, now I see it, now the light bulb goes off, this cryptocurrency is doing great, now I want to get in, right? Now, if you're a wealthy Zen person, maybe you're that guy who's putting a little liquidity in Zen that exists, right, to give it some value. Maybe you don't need to come over to BitcoinNYC Mint, right? Unless you're just looking at it as an investment opportunity. But really, I'm talking to you guys who are just kind of mittens in, creating these— all these wallets mittens in and just kind of sitting back hoping the price goes up. You're not purchasing it, you're not putting liquidity into the market, you're not being a liquidity provider, right? I'm saying that maybe this is another way to help you be more participatory and have a more significant, you you know, uh, impact on the prices in, right? Because that's what you want at the end of the day, right? So that's why this is so very important, and it's as easy as coming over, registering, start earning, right, using our algorithm, and start minting this cryptocurrency for free. Um, I'm pretty sure you guys are going to like how it works as such and how you can get this money as this cryptocurrency, uh, looks like to me is performing quite well, very well, right? Um, let me see, I think that's all, everything for this video. I think that's all I want to say. If you have any questions specifically about the project, let me know. Again, it's too late for VAMP now. Uh, you did do the snooze-you-lose thing, as many people are saying, but you're doing it again with BitcoinMYK, right? And you're gonna have to work on that, guys. You're gonna have to work on that because you're not providing enough liquidity for Zen, uh, and I imagine it's those same people sitting on the sidelines just hoping something happens, right? But it's not going to happen unless you make it happen and you're participating in it. And, uh, this is one of the easiest ways to participate and make, uh, significant differences, hopefully. So that's it, uh, for this video. Until next time, as always, take care of yourselves and each other. BitcoinMYK.com.