I was trying to wrap my head around this concept... you're saying "no more can be printed", but you have a total supply of 10M tokens. So will new tokens continue to be distributed? I'm a bit confused.
Very interesting update that I missed at the time, but I'm trying to pay very close attention to the tokenomics of this project.
Did you hear about the new corduroy pillows? I understand they're really marking headlines. Credit: reddit @flaxz, I sent you an $LOLZ on behalf of @thatcryptodave
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more. (2/8)
No more can be printed as the rest of the Max Supply was burned by being sent to @null, we are still paying out AWESOME tokens as we buy them on the market.
Whoa! I don't understand how that's sustainable... how that can still be the number of tokens in ten years.
I appreciate you sticking with me and trying to explain. I was actually thinking of picking your brain a little bit about this token, as I may try to conceptualize my own project in the future and this has been my favorite example. I don't even know where I would want to start the conversation though... and this curve-ball has me perplexed.
Having said all that, I trust your decisions with this project... I guess that's why I'm so damn curious. 🙂
I don't understand how that's sustainable... how that can still be the number of tokens in ten years.
Adding more supply lowers the APR, so continueing to printing more tokens after our burn/issue policy ran out of supply would be hurting the long term value increase of the token.
And as to ten years it is very likely that more tokens have been burned, since now the tokens bought back by our backing Hive order on @awesomecuration will be burned, further lowering the supply and increasing the APR.
Having said all that, I trust your decisions with this project... I guess that's why I'm so damn curious. 🙂
Thanks for your trust, and sorry that you missed the announcements about the update.
The focus of any update has always been, and continues to be, the growth rate of the token value that is backing our AWESOME token, and it requires both strong tokenomics and growth of leverage.
It definitely makes sense that a higher supply would decrease the APR. No argument here...
What would happen if there weren't any tokens for sale? I'm sorry for beating a dead horse, as they say. Feel free to ignore me if you feel like you've already answered these questions.
Cheers! Keep up the great work (even if I don't entirely understand what you're up to). :)
I was trying to wrap my head around this concept... you're saying "no more can be printed", but you have a total supply of 10M tokens. So will new tokens continue to be distributed? I'm a bit confused.
Very interesting update that I missed at the time, but I'm trying to pay very close attention to the tokenomics of this project.
Thanks so much, Erik! 🙏
!PIZZA !LOL
lolztoken.com
I understand they're really marking headlines.
Credit: reddit
@flaxz, I sent you an $LOLZ on behalf of @thatcryptodave
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(2/8)
No more can be printed as the rest of the Max Supply was burned by being sent to @null, we are still paying out AWESOME tokens as we buy them on the market.
!ALIVE
So there will only ever be 581 AWESOME tokens in circulation? Never any more?
That is correct, that is the max it will ever be.
!ALIVE
Whoa! I don't understand how that's sustainable... how that can still be the number of tokens in ten years.
I appreciate you sticking with me and trying to explain. I was actually thinking of picking your brain a little bit about this token, as I may try to conceptualize my own project in the future and this has been my favorite example. I don't even know where I would want to start the conversation though... and this curve-ball has me perplexed.
Having said all that, I trust your decisions with this project... I guess that's why I'm so damn curious. 🙂
Adding more supply lowers the APR, so continueing to printing more tokens after our burn/issue policy ran out of supply would be hurting the long term value increase of the token.
And as to ten years it is very likely that more tokens have been burned, since now the tokens bought back by our backing Hive order on @awesomecuration will be burned, further lowering the supply and increasing the APR.
Thanks for your trust, and sorry that you missed the announcements about the update.
The focus of any update has always been, and continues to be, the growth rate of the token value that is backing our AWESOME token, and it requires both strong tokenomics and growth of leverage.
!ALIVE
It definitely makes sense that a higher supply would decrease the APR. No argument here...
What would happen if there weren't any tokens for sale? I'm sorry for beating a dead horse, as they say. Feel free to ignore me if you feel like you've already answered these questions.
Cheers! Keep up the great work (even if I don't entirely understand what you're up to). :)
@thatcryptodave! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @flaxz. (10/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
@thatcryptodave! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @flaxz. (3/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
@thatcryptodave! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @flaxz. (2/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
@jacuzzi! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @flaxz. (4/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
