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RE: How our voter account grows !

in Threespeak8 months ago

Thanks for sharing this info. burning of tokens has always confused me a little bit.

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What you have to keep in mind is that the tokens are generated on a weekly basis. There are 1008 new tokens minted every week. As the project grows, it's normal that more tokens are in circulation. With the burn mechanism, we can actually adapt to the demand. The more demand, the higher the price, the less we burn. Like that the token can follow the demand much closer and we can reduce too much fluctuations.