number of gems created as it works with cryptocurrencies? Thanks
Heres a post that might help answer your question: https://t.me/ecomi/1008036
Hello Imran, thank you but I'm talking about the gems
Let me check and get back to you
Okay thank you, I asked it bc for example if I buy a comic book during the drop for 7 gems and then sell it back in the market for 100 gems, Veve actually got 7 gems, where do they get the missing 93 to cover the cashout?
That's what the comic is worth to a buyer. Eg something you by for a $1 is worth worth more in value or less in value due to its worth. However here is how gems are processed. When a user purchases Gems using fiat, the equivalent amount of OMI tokens are taken from the Reserve Wallet and sent to a second wallet, the Vault Wallet. When those Gems are spent on a collectible in the Store, they are debited from the user's account, and the OMI tokens that were being held in the Vault Wallet are taken permanently out of circulation. You can learn more about this article. Scroll down to the 'In-app Token Flow' to see the flow diagram: https://rhysskellern.medium.com/ve-ve-tokenomics-in-app-funds-and-token-buybacks-7ea8ac1a19c9
Perfect, thanks again 🤝
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