During the past weeks, we have tried to implement a sustainable burning mechanism for CTPSB. In the video, I explain why it makes a lot of sense to burn tokens like CTPSB because they are backed by real value and each burnt token has a direct influence on the token value and the APR.
Check the video for more details!
Learn more about the CTP Swarm Booster:
▶️ 3Speak
Good explanation. Thank you. It's good seeing the real-world based theoretical numbers of return with vs without burning.
Burning is not always a good solution to push a token but with tokens like CTPSB that are backed by real value, it's different and I believe that the numbers are quite explicit to support this.
It's a good explanation. I tend to think of it more as supply and demand. It depends on how much the inflation happens to the value backing the token. In the case of CTPSB, I think any bought would go directly into HP. So that value per token doesn't really go down and burning will just help reduce the amount of CTPSB circulating.
The market maker of CTPSB is a kind of buffer that gives stability to the project. If people buy CTPSB they actually buy it from the market maker and the supply doesn't change. It's only when the market maker is running out of tokens that the supply changes.
Thanks for the news.
!WINE
Thanks for stopping by!