Strong Coin Investment: Worthwhile Or Worthless?

Strong (STRONG) is a blockchain protocol that compensates nodes for supporting the infrastructure of their blockchain. The protocol's mission is to create a world where the StrongBlock Node Army supports numerous protocols and millions of nodes. The current price of Strong is $3.63 per STRONG with a 24-hour trading volume of $49.99K. The crypto market has come a long way following large-scale adoptions in the past year. However, several investors are still searching for the top coins to invest in for strong returns given the stiff competition in the crypto market. So, is Strong a good investment?

StrongBlock's mission and history

StrongBlock is a blockchain platform founded in July 2018 by CEO David Moss, CTO Brian Abramson, and CPO Corey Lederer. The platform's mission is to make blockchain technology more accessible by removing barriers to entry for blockchain adoption and participation. StrongBlock aims to achieve this through its Node-as-a-Service (NaaS) tool, which simplifies the process of launching and maintaining blockchain nodes.

Prior to StrongBlock, setting up and running a node required extensive knowledge of blockchain technology, coding skills, and a server capable of continuously running the node. With StrongBlock's NaaS, users can quickly and easily set up a node without needing to be blockchain experts. This automation opens up the blockchain revolution to a wider audience.

StrongBlock's native cryptocurrency, the STRONG token, serves as a governance token for the distributed network. The token was launched in 2020, and its supply was reduced by 94% in November 2020 to prevent inflation and maintain token value. This decision led to a surge in the token price, reaching an all-time high of almost $1,200.

The STRONG token is rewarded to node operators for supporting the infrastructure of the blockchain. StrongBlock's Nodes-as-a-Service (NaaS) function allows cryptocurrency miners to create nodes in seconds and earn rewards in the form of STRONG tokens. These tokens can be claimed as passive income, with each node rewarded 0.091 STRONG tokens per day.

StrongBlock's mission is to incentivize and reward node operators for their contribution to the security and functionality of blockchain networks. By tackling the challenges of node setup and maintenance, StrongBlock aims to make blockchain technology more accessible and decentralized.

STRONG token price predictions

STRONG is the native cryptocurrency of StrongBlock, a decentralised platform that aims to make launching nodes cheaper and easier. Nodes are necessary for the smooth running of blockchains, and StrongBlock's Nodes-as-a-Service (NaaS) function lets cryptocurrency miners create nodes in seconds. Miners are rewarded with STRONG tokens for maintaining the node without needing to run their device 24/7.

WalletInvestor, an algorithm-based forecasting service, gave a bullish prediction for STRONG, calling it "an awesome long-term investment" with a long-term earning potential of 1,343.3%. It predicted that STRONG could be worth $460.507 in 2023 and reach $1,751.200 by 2027.

DigitalCoinPrice's forecast was more conservative, expecting slower growth with the token reaching $167.83 by the end of 2022 and $248.68 by the end of 2025. By the end of 2027, it predicted STRONG could reach $376.08, and by 2030, it could be worth $553.34.

It's important to note that predictions about the future of STRONG can be wrong, and forecasts shouldn't be the sole basis for investment decisions. Conduct your own due diligence and never invest more than you can afford to lose.

StrongBlock's node-as-a-service tool

StrongBlock's Nodes-as-a-Service (NaaS) tool allows anyone to create a full Ethereum node in a matter of seconds, without any technical expertise. Nodes are crucial for the existence of any blockchain, but they are hard to create and expensive to operate. StrongBlock's NaaS function lets crypto miners create nodes in seconds and rewards them with the blockchain's native cryptocurrency, STRONG, for maintaining the node.

The first blockchain supported by StrongBlock is Ethereum. The company was founded in 2018 by blockchain pioneers David Moss, Brian Abramson, and Corey Lederer, with the goal of making it easy to add secure, decentralised blockchains to any application. It took the company two years to launch its Blockchain-as-a-Service (BaaS) platform.

To create a node using the NaaS app, a contribution of 10 STRONG to the StrongBlock community is required to participate in rewards. There is also a nominal monthly maintenance fee in ETH, and potential period community contribution renewals. The approximate amount to set up and run a full Ethereum node is $113.11 per month.

Being listed as an eligible node on StrongBlock is free, however, users should expect a mining deposit to amount to 10 STRONG tokens.

STRONG is an ERC-20 cryptocurrency built on the Ethereum network. Its original supply amounted to 10 million, however, after launching the second version of its Decentralised Finance (DeFi) protocol, StrongBlock ended up burning 94% of the original tokens, limiting the supply to around 535,000 STRONG coins.

StrongBlock's NUBI system

StrongBlock's Node Universal Basic Income (NUBI) system is a way of compensating node operators for their contributions to the Ethereum network's upkeep. NUBI rewards are based on the number of Ethereum blocks that node operators contribute to the network, with several other factors, such as the number of nodes, token price, node revenue, and non-fungible token (NFT) ownership, also influencing the rewards.

The StrongBlock protocol is designed to provide NUBI rewards continuously. These rewards are currently paid in STRONG, the platform's governance token, and in the future, the company plans to pay them as NFTs. The protocol is then governed by those who have obtained STRONG tokens in this manner.

The rewards are measured based on ongoing contributions per node, burning STRONG for NFTs, renewal fees, lowering NUBI, and creating different NUBI classes. There are two methods for using nodes within the StrongBlock protocol: Bring Your Own Node (BYoN) and StrongBlock NaaS. BYoN offers additional flexibility and the ability to further personalise your node, while StrongBlock NaaS is faster and easier to set up. Both approaches offer the same base NUBI incentives, but future additions may give BYoN nodes more opportunities than NaaS nodes.

The monthly fee for NaaS is $14.95 (paid in ETH), whereas it varies for BYoN. Node operators can also boost their rewards with StrongBlock non-fungible tokens (NFTs), which are available in four categories: bronze, silver, gold, and platinum.

StrongBlock's NFT burning

StrongBlock is a decentralised platform that makes launching nodes, which are necessary for the smooth running of blockchains, cheaper and easier. Its native cryptocurrency is the STRONG token, which has been listed on ChainSwap and Poloniex Exchange.

StrongBlock's Nodes-as-a-Service (NaaS) function lets cryptocurrency miners create nodes in seconds, for which they are rewarded in STRONG tokens. These rewards can be boosted with StrongBlock non-fungible tokens (NFTs) that are available in four categories: bronze, silver, gold and platinum.

The StrongBlock NFT collection is a collection of digital artwork stored on the blockchain. The first NFT entry in the StrongBlock collection is Bronze, with future entries including Silver, Gold and Platinum.

In terms of burning, StrongBlock ended up burning 94% of its original tokens, limiting the supply to around 535,000 STRONG coins. The company has also outlined that the STRONG token:

> "Supports a low-inflation model with rewards mostly generated through node participation that may adjust in accordance with token valuation over time. In addition, deflationary measures will also be used, including the burning of STRONG tokens in some transactions."

Therefore, the burning of STRONG tokens is a key part of StrongBlock's strategy to support a low-inflation model and maintain the value of the token.

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