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Today in the news:
- Today, we would like to explain the mechanisme that enables the liotes.voter account to grow organically over time and how this has positive effects on our curation efforts and on the token value of LEN.
Liotes
A project run by @ph1102 and @achim03
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I started to delegate some days ago , it's a small amount but it's a start .
!PIMP
I've seen that. Thanks for the delegation!
Thanks for sharing this info. burning of tokens has always confused me a little bit.
What you have to keep in mind is that the tokens are generated on a weekly basis. There are 1008 new tokens minted every week. As the project grows, it's normal that more tokens are in circulation. With the burn mechanism, we can actually adapt to the demand. The more demand, the higher the price, the less we burn. Like that the token can follow the demand much closer and we can reduce too much fluctuations.
That's a nice line graph, showing the growth in delegation in spite of the inevitable undelegations. Good progress!
!BBH
!ALIVE
There are some delegations coming in and others leaving. There is not much we can do about that but thanks to our own organically growing delegations, the tendency is quite clear.
Nice growth and good work from you people. :)
Thank you :-)
Well done! Thanks for sharing this!
Thank you!
No complaints about how you guys run the tokenomics of this project. The graveyard of HIVE L2 is littered with so many examples of tokens which have absolutely failed.
A token is like a business. There are some models that work well, others not so well. I think our tokens are doing quite well, even if they don't look too shiny at first glance :-)
I think your doing great on running the project. So many Hive Engine projects just died.
Since most of these projects were kind of one man shows, as soon as this one man lost interest or saw his model decline, he kind of gave up...
Nice share! Quite familiar with the mechanism because I have been around for a while hehe!
I believe that you use the delegation quite well. It seems you delegate more in times when you can't be online and less when you are more online. Is that correct?
Yup that's right! Hehe!
Thanks for the news.
!ALIVE
!BBH
!PIZZA
You are welcome!
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