What if everytime something is purchased with RSV on the

Question

What if everytime something is purchased with RSV on the

Reserve app why not send a fraction of RSR to a burn wallet for a monthly burn or maybe to a loyalty points wallet where retail partners can swap physical goods rewards for RSR and give it to the consumer?

Is this a good or bad idea?

#cryptocurrency #english #reserve

0

27.06.2022

7 ответов

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CP

Sinatra
The Reserve team has been pretty outspoken about b...

That's a good perspective. No point in burning a powerful futuristic asset like RSR.. Already in 2.0 the supply has been capped unlike the earlier version of protocol in which infinite tokens could have been minted to maintain peg. Thats already a super move. The insurance and stakinv reward concept of Rtokens already adds great utility to RSR. Its just a matter of time when we will have some solid Rtoken with a decent mcap out there.

0

27.06.2022

Mallo 🅡 🦩

CP
That's a good perspective. No point in burning a p...

++

0

27.06.2022

Sinatra

CP
That's a good perspective. No point in burning a p...

Ah, I love me some positivity in Telegram.

0

27.06.2022

Sinatra

CP
That's a good perspective. No point in burning a p...

Most important for RSR staking rewards is that the yield is organic, unlike some recent crypto projects.

0

27.06.2022

CP

Sinatra
Most important for RSR staking rewards is that the...

Exactly and that does not even require too many Rtokens to be created for RSR to rise in demand. Even one successful Rtoken can create lot of value for RSR. Tokenized Assets and ETF experiments point to endless possibilities ..

0

27.06.2022

Sinatra

CP
Exactly and that does not even require too many Rt...

Exactly. It could just be the case that we see one RToken becoming very large, while others remain relatively small.

0

27.06.2022

Sinatra · Accepted Answer

The Reserve team has been pretty outspoken about burning tokens in the past. To summarize, the idea of burning tokens just for the hell of it doesn't seem that attractive of an option, given the potential other things you can do with those tokens. For example, the project could burn $100m of RSR or could use that $100m of RSR to fund projects building on top of the Reserve Protocol (development, marketing, whatever). The latter could have a way more impactful effect on the project in the long run than just burning the tokens.

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