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RE: Cent Tokenomics (December 2024)

in Cent • last month

I wonder if my computation is accurate.

Total Supply = 32,986,456
Burned = 10,652,078
Total staked = 9,425,213
In LP = 7,131,082
Rewards for LP providers = 4,440,312
CENT in wallets or posted on the market = 1,337,771

If this is similar to deflationary tokenomics, existing holders will benefit from it. Is the end goal of this deflationary mechanism to achieve the $0.01 value? Once the intended price is achieved, will the burning continue?

last month in Cent by
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     last month  

    Thanks for your comment. Yes. Our goal is to reduce inflation as much as possible and increase the value of the token. If it is reached; we will find solutions to stay at the target value when the target value is reached. The burning process will continue. However, in cases where the price is higher than the target value, there are many solutions currently being considered, such as increasing the portfolio of the manager account, increasing inflation, etc.

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     last month  

    Thanks for the reply.

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