Sure thing J!
BandChain applies an inflationary model on the BAND token to incentivize network participation by the token holders. And the inflation rate varies between 7-20% depending upon the staking ratio (This inflation parameter has been specifically taken from the Cosmos). And what it means, is that if the overall band staked on the network is low the inflation rate would be higher, and as we move towards a high number of tokens staked, the inflation goes down. The inflation rate can be checked anytime on our block explorer over here. https://cosmoscan.io/validators
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