RE: Introducing CTP Chat
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I do have a question:
"We will burn all CTP rewards we receive each week and give a detailed summary of what we send to @null"
Can you describe the benefit to the community of you doing that a bit more?
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For sure....So the idea of burning tokens is a simple supply / demand answer.
These are the current numbers of the supply of CTP Tokens....
As the inflation model continues to 'print' new tokens for everyone that's earning them through upvotes, the tokens that we earn on the CTPchat account will be sent to the @null account...Which essentially means they are burned and cease to exist.
So supply gets lower, demand SHOULD increase.
CTP currently has a very high staked economy, so there will be less and less CTP tokens in total circulation the more we burn them.
Does this include the curation rewards for people posting? If so I can re stake those rewards correct
Yeah so like, all the curation and post rewards this account gets....We'll burn the CTP and then with the Hive rewards, we'll go buy CTP off the market and burn it too.