CNR token price are pegged at $ 1 and price will increase every time? if CNR is not a stable coin then what is the guarantee if the price of the token will not fall below $ 1
As far as I understand from whitepaper $CNR pegged to 1$ CNS in protocol but market will be decide what will be the price after this point burning and partnerships very important and they have 2 type of burning
The longer CNS stays minted the more CNR is burnt lets say Average 200m CNR held in contact for 1 month. The first 3 month the rising will be at 28.5% per month, the protocol will burn around 56 million $CNR from circulation (5.6%) in the first and in few subsequent months as rise % declines over time and other way is if you convert $CNS and convert to $CNR back (the hour passes) you would end up getting less $CNR back that additional value is burned.
Show Posts
