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RE: How burning tokens can increase the return for stakers

in The CTP Swarm3 years ago

Price, utility and demand of a token are tightly linked together I believe. I saw how POB was attracting tons of people when it's price was very high.

By burning token, not only do we limit it's supply, we also increase it's attractiveness for staker and for buyers. People don't want to buy shit coins, they want to buy stuff that goes up in value.

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Speaking of PoB, have you noticed that the volume of posts with the tag has fallen off now that the price is slightly lower?

It's amazing how people react to prices. When price of hive was 0.8 $ people were posting like crazy. Now number of posts decreased drastically.

That's one of the benefits of following the CTP tribe recommendations. Posting daily means you earn when others don't.

Put another way: You can't earn rewards on the post you never wrote. (shrug)

Totally agree lol