RE: The biggest risk with Hive Engine tribes is the owner

almost 3 years ago

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So the Skatehive community is planning to launch a tribe, and we're currently debating the tokenomics. Aggroed suggested we make more tokens than we think we'll need, and just do token burns to control inflation. That seems to make sense, but when i see the success of POB, i wonder if would be better just to mimic it with a few slight tweaks?
What's your thoughts? Also any other articles you'd suggest we read?

hive-167922

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@themarkymark 81

almost 3 years ago (Edited)

I started STEM with 5 billion tokens, once I figured out the tokenomics and prior to going live I burned 4 billion tokens leaving 1 billion. This is still far too much as 50 years of inflation is around 51 million tokens.

The thing about burning tokens is not to make any promises. Do it and report it don’t promise as this puts you at risk of being a security.

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