Valor made a huge impact by launching the first physical staking ETP backed by ICP, the native token of the Internet Computer Blockchain. This historic launch paves the way for mass adoption of cryptocurrencies by traditional investors.
Innovative financial products for virtual currencies
Valor has developed a truly innovative financial product with ICP Physical Staking. Unlike traditional crypto ETPs that simply track the price of digital currencies, this ETP goes further by incorporating staking rewards.
In reality, Valor stakes on behalf of investors using ICP held in ETPs. The generated rewards will be distributed to holders as daily fixed coupons awarded in new ICP tokens. Therefore, the yield for the investor will be twice his. They benefit from both ICP price evolution and staking crypto rewards.
This mechanism is a small revolution, as it dramatically simplifies access to cryptocurrencies for traditional investors. Until now, many institutional investors such as pension funds and insurance companies have been put off by the technical complexity of staking. Now you can allocate part of your assets to his ICP with just one click. And this is without having to worry about the complexity of blockchain verification.
ideal timing
What makes this launch even more impactful is its timing. This comes at a critical moment for ICP, a blockchain designed by its creators to be highly decentralized. Unlike Ethereum, which only has a small number of validators, ICP aims to ensure security through the maximum number of token holders.
Until now, only the most knowledgeable crypto enthusiasts have bothered to bet on ICP. As a result, the network remains far from an optimal level of decentralization. By greatly simplifying access to ICP staking, Valour's ETP could bring in a new wave of capital from mainstream investors.
Products in line with ICP's DNA
To understand the strength of this cryptographic innovation, we need to look at the unique features of the ICP blockchain. Unlike Ethereum, which was originally designed as a simple platform for smart contracts, ICP was envisioned from the beginning as a public decentralized infrastructure.
Its goal is to provide a decentralized alternative to web giants such as Amazon, Google, and Facebook. To address this immense challenge, its creator emphasized two aspects of her: scalability and decentralized governance.
With the grand launch of ICP Physical Staking ETP, Valor has achieved a masterstroke. This crypto product opens the doors of his ICP to mainstream investors and contributes to the decentralization of this blockchain with a solid foundation. The future will tell if this historic launch fulfills all its promises.
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