This subchain approach is allowing NAV to grow to other areas like a project called ''Polymorph'' on where using this subchain and in partnership with exchange Changelly will allow any coin in their platform to make private tx... so...you could send BTC to BTC running through NAV in an anon way.
I have one question about this, which has probably been covered a number of times before, so forgive me...
Is there anything about Polymorph which would increase demand for NAV coins? I'm not up to speed on the technology but, from my outside perspective, it seems like NAV coin itself won't be required for this process.
Is that right/wrong?
Cheers!
Same question.
Maybe tx fees?
I think polymorph has multiple benefits.
1. Marketing: Polymorph will provide a huge marketing opportunity. The partnership with changeling gives trust for new users. Also there is an actual product that can be marketed. There is no need to specifically focus on NAV Coin, polymorph is the product and potential users will find out about NAV Coin and how it works.
2. Unique product: NAV Coin is no longer just another alt coin with anon capability. NAV Coin offers a product that is unique.
3. Volume: NAV Coin will see a growth in usage because of how polymorph works. This will create more transaction on the blockchain, which also enhances privacy. More transactions will bring more transaction fees into each block, profitable for stakers.
4. Locked up coins: To process anon transactions one has to lock up NAV Coins. The more NAV coins are locked up for Navtech, the less nav is available for sale.
5. Anon fees: Anon transactions are currently processed by a number of servers. Future development aims to enable everyone to easy process anon transactions. At the moment this is possible for everyone, however setting up a navtech server isn't easy for everyone. Every anon transaction comes with a fee for the processing node. The more transactions, the more fees can be collected. So next to the 5% stake reward, NAV coin holders can also generate a number of TX fee for income.
6. Exchange volume: the instant exchanging will work with exchanges. The more transactions are done with polymorph, the more transactions are made with exchanges. This way nav coin volume grows on the exchanges. Volume is important for exchanges and traders.
How the selling and buying of nav coin on exchanges for polymorph will go has to be seen in the future. It depends on the usage of polymorph and the volume it creates. I think there are mostly benefits for NAV Coin and the holders. What it will do with the price of nav remains to be seen.