Guys, speaking of burns.. I have an interesting question.. hope

Question

Guys, speaking of burns.. I have an interesting question.. hope

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?

#cryptocurrency #de-fi #english #reef

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18.03.2022

15 ответов

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Pop Emi Автор вопроса

Johan
Maybe by hoping for a miracle 😂 I honestly don't f...

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 ?

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18.03.2022

InvesterCryPt0

Pop Emi
That's what worries me. I don't FUD, I am just re...

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.

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18.03.2022

Quick Draw Mcgraw

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

0

18.03.2022

Pop Emi Автор вопроса

Quick Draw Mcgraw
its 1.5 reef per transfer. and swaps plus other da...

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?

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18.03.2022

Quick Draw Mcgraw

Pop Emi
I know it's 1.5 reef. That's whay I said "roughly"...

the fact the swaps and other dapps like nft marketplaces fees are higher than the transfers.

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18.03.2022

O.B

Thats looks imposible in the near future 😕

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18.03.2022

Pop Emi Автор вопроса

Quick Draw Mcgraw
the fact the swaps and other dapps like nft market...

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.

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18.03.2022

MPH (I WILL NEVER DM YOU FIRST)

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.

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18.03.2022

Quick Draw Mcgraw

Pop Emi
So you think we can become deflationary with far w...

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

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18.03.2022

Pop Emi Автор вопроса

MPH (I WILL NEVER DM YOU FIRST)
There is a plan for all this. Denko and the dev te...

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! 😁

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18.03.2022

Андрей Андреев

Pop Emi
So you think we can become deflationary with far w...

Maybe only Reef card will give 6 mln transactions per one day?)

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18.03.2022

MPH (I WILL NEVER DM YOU FIRST)

Андрей Андреев
Maybe only Reef card will give 6 mln transactions ...

We won’t need to have 6 million a day.

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18.03.2022

Pop Emi Автор вопроса

Андрей Андреев
Maybe only Reef card will give 6 mln transactions ...

That's very unlikely. Only if it will be mass adopted.

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18.03.2022

Pop Emi Автор вопроса

Quick Draw Mcgraw
yes youll have to search in images cause i cant re...

Let's hope we will get there 🙏

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18.03.2022

Johan · Accepted Answer

Johan

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.

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18.03.2022

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Guys, speaking of burns.. I have an interesting question.. hope

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