Hi! We know that Reef has a mechanism for burning

Question

Hi! We know that Reef has a mechanism for burning

transaction fee tokens. What is the lower limit of Reef supply for this mechanism to stop working? After all, in order to conduct a transaction, the commission will always exist, but burning cannot happen forever, because in the end there will be no tokens left to conduct transactions. Do I understand this correctly?

#cryptocurrency #de-fi #english #reef

0

07.12.2021

4 ответов

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Домашнее Клиническое Питание Автор вопроса

Papa 🔺
That will never happen. That's where scalability c...

If you can tell me a little more about it. How is scalability related to the process of burning commissions on the network?

0

07.12.2021

Papa 🔺

The burning and fees will scale as the supply is reduced. Just as sats work on BTC

0

07.12.2021

Домашнее Клиническое Питание Автор вопроса

Papa 🔺
The burning and fees will scale as the supply is r...

But if the burning and fees will scale as the supply is reduced, then where will new Reef tokens come from in order to conduct transactions on the network if their supply is limited? I don't understand how this mechanism works...😅😅

0

07.12.2021

Papa 🔺 · Accepted Answer

Papa 🔺

That will never happen. That's where scalability comes into play

0

07.12.2021

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Hi! We know that Reef has a mechanism for burning

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