But with crypto trading in the doldrums, and interest-producing tokens generating roughly the same yield as any brokerage’s money market account, why even bother with the blockchain?
In Asymetrix’s case, the top three winners of the periodic drawing share the windfall, split 50/30/20. These drawings are currently held weekly, but the frequency could be rescheduled depending on the decisions of its DAO governing body. In some marketing materials, Bortman’s team estimates the annualized yield could reach 999%.
The project has only recently emerged from stealth mode and is just now beginning to distribute ASX to the public. While there is a secondary market for ASX, Asymetrix is dropping them for free to participants. At full dilution, Asymetrix expects to have 100 million tokens in circulation.