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Meta-community ATM allows users to earn rewards

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Joyashree Dey Follow

INDIA

Jan, 05 2023

Jan, 05 2023

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Users of the meta-community Autonomous Trust Momentum (ATM) can communicate with one another and receive rewards from unutilized assets.  The new social network ATM, which Lottfi zauini launched in January 2021, rewards users and strengthens the economy.


A connection is created when two users agree to lock in a specific amount of tokens for a specific period of time. The LUCA airdrop awards, which are proportional to the user's influence in the community, are given in the ATM's native cryptocurrency.


With the goal of connecting traditional and new finance through loans in BUSD, a Stablecoin pegged to the US Dollar, ATM is currently building a pool of investments. Users of the network can stake connections with the currency and receive airdrop prizes. BUSD loans with the opportunity to borrow against other assets, including real estate NFTs, will be made available by the community.


BUSD or other token owners can use ATMs to stake their money and get larger asset returns. The user receives LUCA in proportion to their network impact from each stake connection with another wallet.


The price of Luca, which has generated strong returns and a fully diluted market value of more than $34 million, increased by more than 130% to $1.2 from $0.52 in January 2020. It did, however, reach $8.6 in September 2022.


Through the use of resources that might not have been used otherwise, Luca has contributed to great rewards. The ATM allows users to convert their real-life assets into NFTs so they can stake them and borrow money against them.


Zaounini expects that ATM will advance beyond its present status as a thriving meta-community that offers rewards to its members and promotes stability in the DeFI  system


He sees ATM as a way to combine the tools and power that CeFI now has with the openness and limitless potential of DeFi.


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Joyashree Dey

CBW - External Analyst

INDIA

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