In the world of decentralization and crypto, we are becoming very much introvert towards investing our funds. We like bitcoin and ethereum but we don’t like Dapps now and believe them as fake or Ponzi. The behaviour that believing hate came from the ICOs and scams around the cryptoshere recently making people very conservative on believing something new now. Today we will discuss a project called gandhiji.io and discuss how it works and how you can make a good profit with this Dapp.
There is a lot of aspects we need to understand before diving into about these Dapps what we call as Decentralize applications, which in easy language means no one has control over these applications.
There were days when people call bitcoin a scam and thought they can lose their money, but those only people are now invested and working and earning quite well, still knowing to the fact that bitcoin is volatile. The problem is this that they don’t understand what is the bitcoin at the first place but know they trust it because they understood it.
The reality is that a lot of people who are working in cryptocurrency still don’t know the majority of the things about crypto and they can’t trust that hence they simply make it believe them as a scam or a Ponzi scheme.
On other hand projects like crypto kitties and powh still rocking as hell and people making a lot of money with them, proving the fact that they are volatile and dangerous but overall giving a great return.
Similar project like Gandhi.io works on the ERC20 token which works on the smart contact hosted by the ethereum blockchain. These smart contracts have beauty that no one controls it over the money is directly transfers from your wallet to the contract in the blockchain. You can look every transaction and holdings in etherscan.io.
Understanding Smart Contract
A smart contract is a contract which runs on the ethereum blockchain and cannot be changed once its written and uploaded to the blockchain. The popular language used to write the code is solidity.
The amazing part of the contract is that when you invest in these contract the money doesn’t go to an individual’s account but rather goes to the contract itself which cannot be controlled by any individual.
A smart contact can be executed from a different location, this means even if the official website of that token dies you can still use and withdraw your funds out of that contract directly from running compiler which can run the contract code on a different location.
Like, think of a bank runs by robots which can be accessed by any person and the money can be stored is going into an account where no one can control it over or steal it, but the robot and robot cannot be controlled by any human as it is already been programmed. And the robot will be used to execute the deposit and withdraw functions in the bank.
A smart contract like this cannot be scammed or break because they are running on blockchain and not on any home servers.
BNB Token on Etherum Blockchain
Gandhiji.io Clone of Powh
That’s true, the developer of Gandhiji.io stated the fact that gandhi.ji is a clone of Powh. But it is actually a great deal because there is less number of people in this project right now than that of Powh and others. So getting around your hands initially can give a great profit return.
Banks in today’s worlds are clones of each other functioning similarly and that doesn’t mean they are not functioning well.
The point here is that in the contract like Gandhiji.io the king will be the person who invested as much. Means the more number of token you hold the more you earn.
History of Powh
History of Powh is great, its a game where people earn from dividends and the coin price keeps on raising.
Graph showing the boom in the smart contract of Powh
A similar project of gandhiji.io has the potential to grow to that level of Powh that it is currently holding 78,000 ETH in its smart contract. Investing in these Dapps can change your like overnight.
Now imagine the potential of the Gandhiji.io project and upto which extent it can go.
How the price of token changes?
The price of the Gandhi.io token depends upon the demand and supply of the token. The more the user buy the higher the price will go, though the more they sell the lesser it goes. But every time you buy or sell the 10% will be deducted and will be divided among all the holders of the token.
The dividend of the token is divided by 10% deduction of every transaction that will happen on the smart contract and will be distributed to all the holders of the token.
Earn Through Gandhiji.io Dividend
The smart contact that has been made have some functions implemented and that cannot be changed now. Gandhiji.io Token holder will get the 10% straight dividend from every transaction happening in the smart contract and the more token the one holding will get the max share of that.
Even in the situation of huge sell out will benefit the members who have invested into the contract already and holding it, as the 10% will also be deducted on selling the tokens and will be divided into the holders.
A user can reinvest their Dividend earning to buy more IND Tokens which will get you more profit.
Earn Through Gandhiji.io Token Price
Once more and more number of people starts investing in the smart contract the price of the token will eventually go up. You can sell tokens at a higher price and earn your ROI from it. Just keep in mind that the longer you hold the more dividend you earn.