some admins can respond to this..
So, by doing simple math, in order to have a deflationary mechanism, we would need over 6 milion transactions / day (roughly). So that the burn tokens would surpass the actualy generated tokens (6.4 milion / day). Eth, for example, has an average of 1.2 milion. How can we bring that number (reef transactions) to over 6 milion?
Maybe by hoping for a miracle 😂 I honestly don't foresee 6 million transactions per day being possible. No one in their right mind expects Reef to pass Ethereum in the next 5 years.
That's what worries me. I don't FUD, I am just realistic. 6.4 milion coins generated / day means almost 200 milion coins / month. That's 2.3 billion a year roughly. I know that an answers is DAPPS, but... can we expect 6+ milion transactions / day from DAPPS + users trading/selling/buying coins? At this rate, we will hit over 20b in less than a year. I am sure the team thought of this, I am just thinking how can we overcome this ?
The project seems doomed, if nothing shows very soon in next bear market around 80% of projects wont manage to survive and will dissapear. Since last ATH reef didn t even manage to reach it.
its 1.5 reef per transfer. and swaps plus other dapps fees will be higher then that. so just wait and see. that math is missing a few factors
I know it's 1.5 reef. That's whay I said "roughly" in my previous statement. But 6 mil transactions would generate more burn compared to generating coins. I was just looking to other projects in top 10 to see their average transactions/day. You can find it easily. So enlighten me. What factors am I missing?
the fact the swaps and other dapps like nft marketplaces fees are higher than the transfers.
Thats looks imposible in the near future 😕
So you think we can become deflationary with far way less transactions than 6 million? Ok, let's say 3 milion. Let's say even 2 (which is unlikely). But 2 million transactions are still very many compared to the number of transactions from other projects from the TOP.
There is a plan for all this. Denko and the dev team know what they are doing with the reef chain. We’re just not in a position to share everything right now. Clearly it’s not a chain that will only ever increase.
yes youll have to search in images cause i cant reply or forward it but look for the table showing reef fees for transactions, swaps, deploying token, minting nft.... all have fees and all much higher then tranaction fee. i can see it balacing itself out fairly quickly once it picks up steam
I was just trying to find out if Reef team is aware of this scenario and if there is a plan for this. But from what you are saying, it seems so.. so thanks! 😁
Maybe only Reef card will give 6 mln transactions per one day?)
We won’t need to have 6 million a day.
That's very unlikely. Only if it will be mass adopted.
Let's hope we will get there 🙏
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