Why you creating new coins ?)

Aside from the NPOS inflation, the recent minting is most likely to relate to the bridge and/or ReefSwap or something like that

Because they don’t know stop asking questions the admins cannot answer! They simply do t know the answer if you own reef your just crapping on your own bag simple as that!

Reef has no max supply. Wondering why Reef Coin has no max supply? 🤔 Let us explain it with an example. 🏡 Imagine a town with a limited number of gold nuggets⚱️These gold nuggets are used to buy and sell goods and services within the town. One day, a new system is introduced called "minting" that allows the town to gradually produce more gold nuggets over time 📈 This is done to incentivize people to continue participating in the economy and use it for transactions, which helps keep the town's economy running smoothly. However, the town also has a way to balance out the increase in gold nuggets from minting. They have a process called "burning"🔥which permanently destroys some of the gold coins during certain transactions. This helps offset the inflation caused by minting and maintain the overall balance of gold nuggets in circulation ⚖️🤝 ℹ️ In this example, the gold nuggets represent the Reef Coin, and the town represents a decentralized network. The minting and burning processes are similar to how some cryptocurrencies, like Reef Coin, use inflation and token destruction to manage the supply of tokens and maintain a balance in their network. 📣 Popular other blockchain networks such as Ethereum, Polkadot, Cosmos and ThunderCore uses the same concept like Reef (nPOS) with an inflationary token model to secure its network.

well it's going to be a long debate @yashtiwaridoteth , you up for that? Do i really look like someone who cares about the price? check the date I joined this group and I am down 90% from the time I made my investment, look at the chat history and let me know if you find me sending any message about the price or anything in this group. but I dont blame you, you keep dealing with normies all the time and you look at everyone with the same perception who criticizes anything. I've never seen someone answering the most simple question about why no max supply in the dumbest possible way ever. Just look at this tagged message, this is the most shitty explanation one can ever give. you talk about burning reef whenever someone interacts with dapps in the ecosystem but on the other hand validators and stakers keep getting rewards and the supply increases drastically. you see where this is going? one activity outweighs the other, you aim to take the onchain activity of reef like ether and arbitrum but you lack the dapps that are required to increase the transaction volume on your chain, you keep hoping that one day the interaction activity on reef chain will burn more coins than it mints, well how many L1's following the same tokenomics have been able to achieve that? can literally count on my fingers! it's a hoax, only the people who truly understands will be able to figure out this ponzinomics. its always easier to buy coins and stake them rather than interacting with dapps all the time which makes the burning mechanism useless specially with a chain like reef which can barely get the developers to make any dapps on the chain. Also the blind followers in this group keep comparing to eth as the coin with no max supply whenever a new person debates about having a max supply defined, but the people defending this no max supply argument dont really know that even ether has a fix supply for issuance per year but for reef atleast I've not heard anyone mentioning anything like that. Eth migrated to POS and the issuance rate to miners/validators reduced from 5% to 1% while no such announcement has been made in reef to take care of the token devaluation. why dont we talk about that? Has anyone thought about having a proposal like EIP? does anyone share the future plans of how reef aims to be a better decentralized blockchain? No, all you do is play the PR game about reef is going to become the biggest blcokchain of MENA and sponsoring the F1 but deep down you all know that it's not looking bruv!

Start writing Novels. Investing is not for you.

Would you buy his books?

😁.

Reef implements NPoS (Nominated Proof-of-Stake), a relatively novel and sophisticated mechanism to select the validators who are allowed to participate in its consensus protocol. The NPoS encourages REEF holders to participate as nominators. There is no max supply of tokens. We need new generated tokens for rewarding validators and nominators. (Validators similar to Miners in BTC if you know this) Especially in the first few months the staking rewards are very high and it’s therefore very lucrative to put them at stake (through nomination). Staking mechanism generates inflation, and it's completly normal AND staking is not an option or feature, it's MANDATORY to assure the network. INFLATION = MORE TOKENS Without that we would not have a running and scaleable system. The token economics of Reef is very well thought out. Early stakers have a strong incentives to stake or even stake more, since the reward for it is exponential.

Thanks for your feedback 👍

wow mate! you are really putting a lot of efforts copy pasting the same message. Give this man a raise!