See that? That was the burn event. Not too long ago. Since then we are steadily making progress. Trouble is back in the day due to someone's stupidity a lot had been printed and it is taking time. But still in May this year, there were 5.2B DEC outstanding.
Fast forward to now: 4.6B
That is a movement in the right direction. A deflationary stable coin? How many are out there?
What is the expectation of how much will be burnt from this? 10M x 4000 ? is that 40B? It is late, but that seems a lot. It is late here - my head doesn't do simple math well :D
Of course to do that, it would have to sell out, not have the supply burned.
Best expectation is 3M pack sold in a year. Mind you pack selling doesn't burn, but it moves half of the revenue out of circulation. Yes that alone can remove most of the float. At that point new DEC must be created by burning SPS. That's the flywheel
I think the flywheel needs a lot more oil!
Community will provide oil