By the way, I have another question related to staking

Question

By the way, I have another question related to staking

and the maximum circulating supply. Today one of the main source of return is the induced inflation to incentivize holders to stake their tokens and contribute to the network. However, I can see on coinmarketcap that the max supply will be 100 millions tokens, vs. 35.2 millions today. At a ~8% inflation rate, it means that the total supply will be reached by 2036.
What will be the mechanism to maintain the tokenomics attractive in the long run?
1/ Go to 100 millions tokens at 8% inflation rate by 2036 and then exclusively rely on the use of the network and the gas fees/commission paid to reward the holders that stake?
2/ Have a decreasing inflation rate over time to reach 100 millions tokens much later than 2036 (2050, 2060 or even more) and also rely on the increased use of the network for holders/stakers to get rewarded?
3/ Pass a proposal through the governance of Band Protocol asking the stakers to increase the supply long term?
Sorry for the long question, but it is in my view critical to understand the business model of the Protocol long term.
Thanks!

#bandprotocol #cryptocurrency #english

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06.08.2022

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Yash Poojari (🅑) | WON'T ASK FOR FUNDS NOR DM YOU FIRST · Accepted Answer

Yash Poojari (🅑) | WON'T ASK FOR FUNDS NOR DM YOU FIRST

There's no max supply, Yassin. Band is an inflationary token. The total supply will increase as per the inflation rate which varies in the range of 7-20% depending on the staking ratio. The higher the staking ratio lower would be the inflation and vice-versa. The max/total supply which you see on CMC/Coingecko isn't correct. You can refer to mintscan over here for the correct total supply.

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06.08.2022

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