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The concept of cryptocurrencies powered by blockchain technology promotes equality via decentralizing decision-making among participating people. As this idea became popular, many developers came up with unique projects and ideas. A simple computer code could run the entire financial system with no central authority that could control or manipulate it and giving rise to Decentralized Finance (Defi). However, the Defi has never truly decentralized it just made a few computer nerds who could play around with codes new bankers. These nerds’ lack of deep financial knowledge, mismanagement of funds, and inability led to the collapse of the dream of decentralization. Projects like Terra’s luna, UST, FTT, Voyager, 3AC, Alemdea research, Celsius, Blockfi, etc are some of the biggest blows to the industry that increased doubt among people about the crypto industry.
The recent development in the market and the ease with which anybody can create a token out of the air and dump it on unsuspecting investors has undoubtedly impacted the crypto community. Greed remains dominant among the investors ignoring everything for profit that has put us into this palace. Crypto is not just currency or money it’s a technology that will be powering modern finance. Trusting computer code with a protocol transparent enough for everyone to see works perfectly.
There are tons of cryptocurrencies in existence and each one promises you an enormous fortune but unfortunately as soon as it gets launched in exchange your dreams get shattered. Protecting a project from a dump is impossible but what if a dump could drive the price of the token higher? Not possible, crypto is all about innovation and there is a protocol called surge that drives the price of a token upwards no matter if someone buys or sells. 2Spice is a new token that implements surge protocol to protect investors from the dump in the price.
Woking of surge protocol:
Condition 1: when someone buys the token
Let’s say you pay…
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