How do you plan to influence the price of your tokens? The steemit has certain problems with this, because the emission is not limited and even specially made very inflationary. I understand the purpose for which this was done, but it makes no sense to repeat the business model. We need to develop something completely new.
Thank you for the reply crazyer1976.
Much of the information regarding the Steem token high inflation rate comes from before December 2016. As stated in their bluepaper:
The rate that new tokens are generated was set to 9.5% per year starting in December 2016, and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5 years.
But for us, its not much of a concern since we can set the parameters that we want on our own token.(supply, inflation rate, etc.)
Steem, when SMT will launch, will become mostly a bandwidth token as well as the main pair for the DEX for all SMTs. One of the driver will be speculation...but we are also considering other ways to generate demand for the token. For one, owning more of our token will give a bigger opportunity for forum owners to rewards their users.
Many forum might want to operate with their own SMT. For those case, we have 2 options:
- Charge a small fee of all rewards generated on their forum(and buy the tokenbb token back with it) or
- Allow them to buy the premium version of the plugin with our the tokenbb token
Who are also open to other avenues to create demand. Feel free to add your suggestions on our post as mentioned above and we'll be happy to upvote it.
