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July 05, 2018, 04:07:49 AM |
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HUM is the basic transactional token in Humanscape’s blockchain. It can be purchased and
sold in the exchange and transferred among users. The HUM holding is used for the operation
of Humanscape except the HUM used for the Initial Coin Offering (ICO). HUM issues tokens at an inflation rate of 10 percent. The inflation rate decreases by 1 percent each year for four years following the issuance. Subsequently, it decreases at a steady rate of 0.5 percent every year and the inflation rate eventually reaches 0.5 percent after 16 years. Inflation is an important factor in stimulating token utilities, but could lead to an excessive depreciation of tokens as supply outstrips demand. Humanscape prepares ways to burn token holdings in case of a plunge in token value due to excessive inflation. This burning process is carried out when the reward value is not deemed to be commensurate to the services.
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