@PoliticalHive VOTE Token Proposal
(Edited)
@PoliticalHive, from the Tribaldex information for the VOTE token, the existing token supply is 20,877,685 with a maximum possible supply of 250,000,000,000 tokens.
Would you consider substantially reducing the maximum quantity of the token, and correspondingly reducing the emissions rate?
As an arbitrary suggestion a ceiling of 100,000,000 tokens might make for a threshold that would facilitate value flow to the token, particularly with lowered emissions.
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A 250B max with current supply at ~20.9M feels huge, so your 100M cap' plus slower emissions could help vlaue stick instead of leaking into constant inflation.
From a numbers view, lower emissions early can steady price expectations and make treasury planning cleaner, but sudden cuts can spook markets too.
If the team does pivot, phasing it in over clear epochs and keeping rewards aligned with real demand would be safer, dont you think? :)
Phases might be better, but I'm also not aware of the cost, requirement, or complexity of modifying an existing token contract.
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yeah, on Hive-Engine the cheapest path is usually to throttle emissions first, like pausing minting or cutting staking payouts, if the to;ken issuer still has the right roles. Hard-capping supply often needs either a contract param that allows it or a v2 token with a swap window, which is more coordination than cash burn'. If VOTE can’t change its cap, you can still phase inflation lower per epoch so markets adjust and treasury planning gets cleaner :) A quick contract read on Tribaldex should show what levers exist, then pick the least disruptive route.
Scarcity is never a bad thing. !BBH
Agreed, at least some relatively scarcer number. The potential for value accrual might drive some activity also.
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I have quite a few of these, as I was really into writing about politics not long ago. and, I was even buying. But the total supply made me stop. So of course, I agree.
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