Thank you for the update. But please explain the quoted part below?
We are gradually reducing the amount of staked Cents in the account. It will drop to 150,000 cents in about ten days. Our goal is to increase curators' earnings as much as possible.
You are viewing a single comment's thread from:
Hello. A certain number of cryptocurrencies are generated in the reward pools of tribal tokens. If the number of curators and total voting power increases, the reward amount per person/voting power decreases. By reducing the voting power of the @centtoken account, we increase the earnings of other curators.
What then is the incentive for more users to stake a hive-engine token if the vote value would decrease with more stakes?
Token creators often keep a large number of staked tokens in their accounts. In Hive-Engine tribes, project owners generally have voting rights. As for Cent, we plan to gradually reduce this rate. A reduction like you mentioned would require a huge change. Even if such a decline occurs, it will cause the financial value of the token to increase due to scarcity. Methods such as token burning are used to reduce inflation.