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RE: @tipU Curate Project Update: Recharging Curation Mana

in #steem • 4 years ago (edited)

If I issue new tokens, I always add more steem power backing it up. So the end results of burning is always more steem power backing up each token, even after issuing new tokens (which I haven't done in a long time, need to keep that supply limited :)

4 years ago in #steem by
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     4 years ago  

    so, even if those tokens burned(or held at @null) you still count that as already "an issued in the past" and do not re-issue what's been burned?

    maybe an example would make it easy for us to understand what i mean.

    ex)

    1. Total SP at tipu is 100.
    2. Thus, 100 TPUs were issued already and distributed.
    3. 1 year later SP grew up to 110.
    4. During the one year, 20 tokens were sent to @null.
    5. You will still only issue 10 TPU more as SP grew by 10.

    or will you issue 30 TPUs (10 + 20 that were sent to null) ?

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       4 years ago (edited) 

      The amount of SP does not determinate how much TPUs are issued.
      Instead every time I issue new TPUs I manually set how much SP are backing them up - making sure that the ratio does not go lower.

      So in this example after a year we have 80 tokens backed by 110 SP (1 TPU = 1.375 SP).
      If I issue 10 new tokens, I need to add at least 13.75 SP to the pool backing the TPUs (to keep the previous ratio). If I issue 20 new tokens it needs to be 27.5 SP and so on.

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         4 years ago  

        cool, i get it now!

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