Itโs hard to say. As of right now Indigo has no competitors and is the only synthetic protocol on Cardano so it will take a lion share of the market. It also has first mover advantage. Hoping for a smooth and successful launch
I care about one thing only. Regulation regarding synthetics. Particularly in the United States. The SEC detest even the idea of a synthetic. This will be the toughest challenge for the next five years.
If Indigo can survive it. The future will be splendid indeed.
Could very well be talked about as one of the flagship projects on Cardano and a big reason for why people should choose it over other chains, synthetic assets on a fast/secure/decentralised chain, itโs such a unique form of investing
Regulation is indeed the elephant in the room and I suspect that recent events with LUNA and terraUSD will only hasten regulation in some regions. It will be interesting to see how authorities from different countries react. There will be a wide variety of stances taken I imagine and the repercussions for all users and developers are potentially huge.
As fas as Cardano is alive and the team builds. I love the start to only mint iBTC iETH and iUSDC as they are not securities so essentially not violating any securities laws for future advancement. Excellent work.
Exactly, i believe that the issue will depend on what the Governments backing up on the crypto assets projects.
People and Governments still need to learn a lot about the crypto world.
I believe that soon or later everyone will see the potential of crypto assets.
And then the Cardano Ecossistem will give the real proof of worth.
This is a great question, I see Indigo moving along the same line as Cardano. The growth and attraction of Cardano will provide further success to the projects in the ecosystem. Personally, I find this project to be absolutely spectacular.
To work as a bridge for stocks and other assets to be traded directly on the blockchain. Goodbye to stockmarkets closing on sundays