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CHI-

What happens if half the supply of CFX is burnt?

#blockchain #conflux #cryptocurrency #english
0

14 ответов

403 просмотра
Johann-BHKN

It also depends on demand too. If supply is burned and at the same time demand, also decreases then it makes no change. Ideally, what we would want to see is demand/supply ratio increase over time

0
26.12.2021
Raichu-

Surely there will be a burning process one day ?

0
26.12.2021
Jérôme-
Raichu
Surely there will be a burning process one day ?

Maybe in the future but it isn't relevant at the moment. We can't integrated a burning mechanism, reflection or something like that bc Conflux Network runs with 0 gas fee, these fees are completely sponsored.. and IMHO, I don't think miners want to see any of their rewards burn... 😂 Anyway, sometimes the team burn tokens, around 300M currently burned to zero address.

0
26.12.2021
Jérôme-
Raichu
Surely there will be a burning process one day ?

Like @WM_Investments said before, "burning something thats free doesnt make sense".

0
26.12.2021
William-Tristception (Will Never DM first)
Raichu
Surely there will be a burning process one day ?

@bumblebeeProf / @No0neIsInnocent So generally theres a quarterly report of tokens that we burn - last report was in april of this year https://medium.com/conflux-network/ecosystem-funds-update-8bb1cbce80b8. Burns are nice but there needs to be more demand... Meaning ecosystem needs to grow with new projects launching that use CFX. Or not sponsoring all gas to every project (this is my opinion). Burns do little to nothing maybe a small bump in price but would return to normal quickly.

0
26.12.2021
CHI- Автор вопроса
Johann BHKN
It also depends on demand too. If supply is burned...

Cause I keep wondering why most persons be asking for burn

0
26.12.2021
Jérôme-
Nur Emon ||BlockGold
Yeah

GM Nur. 👋🙂

0
26.12.2021

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