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What I have a hard time with is the math

of hex Supply constantly inflating while the price is assumed to keep climbing anyway. That’s only possible with a big portion of the supply being staked right? Or maybe not because of the OA address?

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HEX has a rather small inflation. Last year it was 1.2% and was deflationary in 4 out of 12 months. That was during the bear market. Imagine how deflationary it can get in the bull market with concurrent adoption.

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