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Maxime Charrière@maximecharriere·Sep 27

Inflation of Phavercoins $SOCIAL

I'm worried to know that Phaver will airdrop SOCIAL every month, reducing it's scarcity.
If 2% of tokens are airdrop monthly, we need 2% more buyer to keep a constant value.
There is no burning system, nor Phaver is buying back token. So SOCIAL is inflationniste, and it's value will naturally decrease.

What is your thoughts @joonatan on the monthly inflation of Phavercoins?

  • jo
    Joonatan Lintala@joonatan·Sep 27

    Only S2 will be 2% and they will decrease after that, plus a lot of ways to spend $SOCIAL in the app are coming. For true price discovery we need more than 10% of the token in circulating supply but doing it in monthly batches reduces the selling pressure and helps us onboard new users into the app. Later season sizes will be determined based on growth and token demand to ensure balance.

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    • ad
      Adams@thegreatfeez·Sep 27

      so after season 2!! no more airdrop? or is it every month truly? @joonatan

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      • ph
        Phaver app@phaver·Sep 27

        It’s only 2% max for season 2 🤝

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        • ha
          habipa@habipa·Sep 27

          Yeah I'm agree with this 👍🏻

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