Shortage.Finance Review: A Safe Asset-Backed by Ethereum

Shortage is a decentralized, safe asset-backed by Ethereum. The project stands out in that it reduces RTG supply, and at the same time, increases the ETH backing.

It is relatively straightforward with its ecosystem in general, making it very easy to use and understand. Hence, this is ideal for both newbies and professionals in the crypto industry today.

Shortage has been designed with a long-term investment in mind. It is unsuitable for trading or short-term investing. This factor drives its users to hold the currency, which increases its value over time. This article will look into Shortage, its features, tokenomics, and future roadmap. Let's dive in to discover more.

Features of Shortage

A few features of Shortage make it ideal for long-term investment and diversifying your investment portfolio.

Direct Staking

Shortage.finance allows users to stake, committing the native token to support the project network and confirm transactions. In turn, they earn passive income.

RTG is a deflationary ERC20 token with an initial supply of 2 billion tokens. On December 27, the coin earned a listing on Uniswap V2. When users transact using the token, shortage distributes a 10% transaction fee to RTG holders. Because the burn address received 50% of the RTG supply, the burn address will receive 50% of the transaction fee. The remaining 50% will get distributed to RTG holders in proportion to their holdings.

Direct staking works such that there is no need for an interface to claim the fees. The only thing the holder needs to do is keep RTG in a wallet that they control.

Price Floor

A price floor refers to the lowest price for users to buy crypto. There is a sustained volume on the RTG to ensure the price floor is not reached.

Uniswap replaces every RTG purchased by ETH, with ETH, and part of the RTG transaction fee is burned. Similarly, the RTG 'sell' transactions follow a similar burn process. As a result, the ETH balance in the Uniswap pool is always more significant than the total circulation supply to be sold. Furthermore, the price floor rises following each RTG transaction.

To put it another way, a portion of the ETH in the Uniswap pool is permanently unavailable for withdrawal. This portion grows after each RTG transaction, even if the entire circulation supply is sold. As a result, it eliminates concerns about its long-term viability. In addition, the holder receives returns on their RTG.

Zero Project Control 

When released, The RTG smart contract is a finished product; it cannot be changed, upgraded, or shut down. Users cannot count on the team to do anything. On etherscan.io, anyone can verify that the team has transferred the smart contract's ownership and 100% liquidity to the dead address. The team has no say in the project.

Tokenomics

The RTG token is unique. First of all, it has no official presale. The project also focuses on liquidity and burning the token. All of which is aimed at reducing its supply and at the same time building on its Ethereum backing.

The token has a total supply of 2 billion tokens. Uniswap V2 listed the RTG token on December 27. The exchange is the primary exchange where you can acquire the coin. The token also has liquidity locking. 50% of the total supply goes to liquidity locking. The other tokens are burned to add to the scarcity of the token. Hence, increasing its value.

When users carry out transactions, Shortage charges a fee of 10%. Users will gain a share of 50% of these transaction fees. The other 50% will go into the burning address.

The token also has a feature whereby holders do not struggle with claiming rewards. As long as they have a wallet compatible with RTG, they will receive the tokens directly. Users do not even have to register or login anywhere. However, note that you should set your slippage at 12% as a user. This move ensures that your orders go about efficiently.

Pros of Shortage

Community Driven

RTG holders are in charge of marketing efforts. Each holder can contribute uniquely by utilizing their skills, capabilities, and resources. It includes, but is not limited to, telling friends about the project, blogging, making videos, running social media ads, and even running paid marketing campaigns.

Long Term Investment

A portion of the ETH backing in the pool will not be withdrawable to ensure a constant boost after each transaction. The fruits of this goal will be visible in the long run, with RTG becoming a long-term investment option for its holders.

Increases Value Over Time

RTG is limiting the supply of its tokens by burning half of its supply. It is a strategy used by several ongoing projects. Following the law of supply and demand, when supply reduces, demand increases. Similarly, projects want to maximize the value of the same concept by withdrawing a portion of their circulation.

Cons of Shortage

No Team Control

The team cannot upgrade or alter the RTG smart contract. They have no control of their operations. Its downside is that the protocol will remain the same, and Shortage will make no upgrades.

Final Thoughts

Shortage.finance brands itself as a decentralized, safe asset-backed by Ethereum. Its holders are assured of increased value as Shortage creates constant backing for its token. In addition, the holders do not encounter any inconveniences when they claim their rewards. It is simply a matter of finding a wallet that works with the pair, securing financing, and buying the tokens.

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect Crypto Unfolded's position. The analysis performed within this article is only for educational and informational purposes. Do your own research before investing in highly volatile assets such as cryptocurrencies.