Hi why did reef increase the token supply again?

Question

Reef Global Community

J

Hi why did reef increase the token supply again?

#cryptocurrency #de-fi #english #reef

0

04.01.2022

14 ответов

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Piri Piri

Please don’t delete or kick me out from the group. PLEASE TEAM ACT FAST Honestly, I’m in Reef since the beginning…I decided to invest on Reef because in my eyes everything was clear. The initial total supply was 21.000.000.000 tokens…but now? Since several months I’m trying to understand the figures…but the team is doing whatever they want without caring about the investors…this isn’t fair. The governance system should be give to the holders to decide…but we are only undergoing the decisions of a few.

0

04.01.2022

Francesco

Piri Piri
Please don’t delete or kick me out from the group....

Supply Is to high. For me It should be less than half

0

04.01.2022

Peter Reef in

Bene Richi
This was the last early investor batch.

Hi Ben! Hope you’re doing well. Which batch are you talking about ? Thanx

0

04.01.2022

Grant

If I understand correctly though the only deflationary mechanism right now is transaction token burning. But with limited Dapps running on mainnet this is not keeping up with the inflation caused by staking rewards and increases of supply? I think project should have waited for more Dapps running for transaction burning before staking rewards, inflation is just increasing and devaluation occurs. This why I think many were hopeful of a planned burn until the transaction burning at least caught up.

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04.01.2022

Bene Richi

Grant
If I understand correctly though the only deflatio...

Thats what is we are saying since a few months now. We need Dapps.

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04.01.2022

Grant

Bene Richi
Thats what is we are saying since a few months now...

Yes but normally Dapps come before staking rewards 🤷‍♂️ if not enough Dapps yet where is the value being generated for the rewards....

0

04.01.2022

Bene Richi

Grant
If I understand correctly though the only deflatio...

Fees are low which is a great USP for our blockchain. So as you can imagine per day there will be not burned that much because there are simply not enough Dapps on the ReefChain.

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04.01.2022

Bene Richi

Grant
Yes but normally Dapps come before staking rewards...

The whole blockchain is build on this concept. Its not a decision its a property.

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04.01.2022

Bene Richi

Grant
Yes but normally Dapps come before staking rewards...

You cant put dapps on a not working chain. So you need validators to approve blocks.

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04.01.2022

Bene Richi

It really makes not a big difference if you stake on Binance your DOT. You are actually staking on the blockchain though Binance will also cause a inflation. I dont know it but i assume that you also will have a lower APY on Binance for DOT staking instead of staking on their console directy. Correct me if im wrong.

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04.01.2022

Grant

Bene Richi
It really makes not a big difference if you stake ...

Yes I believe Binance offers a lower staking % rate for most of it's staking options. However many accept that trust centralised exchanges and appreciate the convenience of one click buy and stake.

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04.01.2022

Grant

True, but I'm not sure where Dot was with their Dapps when they first started staking rewards. I understand it takes time, I think with waiting it's important to keep transparent updates. Anyway again appreciate your engagement and sensible answers. I'm not shaken out yet😅

0

04.01.2022

Bene Richi

Grant
True, but I'm not sure where Dot was with their Da...

As i said...staking is a property of the blockchain. You could not make a single transaction without this. Thats why it is called POS. Nominated Proof-of-Stake.

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04.01.2022

Bene Richi · Accepted Answer

Bene Richi

This was the last early investor batch.

0

04.01.2022

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Hi why did reef increase the token supply again?

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