Froggie thought about what if we had Froggie coins and dollars like Hive does! The initial idea was a Pepe Dollar that gets minted when PEPE tokens get burned. THis is still the case. What about Pepe dollar Rewards!? Will have to do some adjustments. Thought about reducing the PEPE token rewards. Some kind of halving if you will. Thus reducing the amount of PEPE tokens. Then this new idea of adding Pepe Dollar rewards came to mi froggie mind man. This would be an expense to implement. So PEPE token rewards would be reduced. And Pepe Dollar rewards would be introduced and added.
Which also brings the idea / thought of changing tags. One that was selected that is likely to go is love. What shall we replace this with? One tag we could add is pepegame to represent our Pepe Game. However not that many posts to support for such and can just be included with the pepe tag.
So in short maybe expect less PEPE token rewards. This may result in less being sold that users recently get. Reducing "sell" pressure.
Share your thoughts on Pepe Dollar rewards being added to curation rewards.
At first glance it would appear that Pepe dollars staked would earn Pepe Dollar rewards. This would create demand and rewards for the new token. Fast tracking to MOAR utility! Then if PEPE tokens were burned for PEPE Dollars there would be less PEPE tokens in circulation as well.
Added the meme tag as the thought was to distribute to a tribe already active when we started.
What if we added inleo and offered meme token rewards, but for all ineo posts, so that we may all be MOAR invested in frogs! We'll sum PEPE (the frog) token in this case.
Maybe this could lead to a (swimming) pool with lions ($LEO)!
While also a (swimming) pool with $CENT may make sense too man!
Feels good man
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It is hard to predict what will happen if you lower the PEPE rewards.
Yes, less tokens out there to sell.
But probably some people will not be happy with less rewards so they might sell some amount of their PEPE. People are more unhappy with a loss than they are with an equivalent gain.
Source: https://www.bing.com/search?q=loss+aversion
Didn't we have one reduction in PEPE rewards already? Maybe check and see what happened to the price and the sell volume due to that, as one data point in what could happen if another reduction happens. Data is king!
Just my thoughts! I like trying new things; that's how one learns. But collect data on the changes and see what worked and what didn't.
Thank you for starting the exchange of ideas. Removing the rewards completely will cause more sales. However, you can reduce the distribution over time. In addition, you can increase the appeal of the token by adding new works such as Pepe Dollar etc. I think that collaborations will be more effective in the coming process. We staked about eight million PEPE to @centtoken and started curation. Of course, a #pepe #cent liquidity pool can also be created. Good luck.
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