something new for me here...
but may i ask something about circulation of the coin you make
when supply is bigger than demand, the price will drop and if supply is less than demand, price will up..
base on that, from your whitepaper i can read :
1. Valuation Process
A valuation prediction event follows the below processes:
● Users (individuals or institutions) initiate a valuation prediction event on Bugu.
● Users lock-in BGT to participate in predictions. BGT will be locked until the end of the voting period.
● Before the final valuation consensus is released, the total reward for the prediction event will be confirmed. The reward can be from the Bugu fund, the event initiator, or third-parties bidding for results.
● Valuation consensus is released with the comparison of Oracles for data.
● If the Oracle is accepted and not challenged, all the tokens locked will be released and rewarded in BGT and distributed by associated smart
contracts.
● If the results given by the oracle is not accepted, users can challenge the result by staking BGT and initiating a vote.
that's the demand from what i can see so far, when the price is too high, user will have too much cost to make a valuation prediction event on Bugu.
when BUGU price is too low, The reward can be from the Bugu fund, the event initiator, or third-parties bidding for results will be low too, no one (maybe) interested to join it..
how you will solve this one dev?
please correct me if i'm wrong, i'm still new here
