Significant inflation reduction: minting difficulty increase
The Foundation has decided to increase the minting difficulty rate of SWEAT by 400%. The change will be implemented today (Mon 10th October at 12:00 UTC).
We want to create a sustainable economy, and future-proof your tokens. The SWEAT you hold now, and the SWEAT you have staked in Growth Jars, can benefit from this new measure. It can enhance the value of your steps, and the power of your SWEAT.
This is a major decision. It will massively reduce the walking token emissions curve (see below).
Please note: this new formula is adaptable, so we can continue to tweak and tune it to optimize the economy.
Decreasing emissions
Since our launch a month ago, we have learned a huge amount from user engagement, and community feedback, which we are always grateful for.
While we work to create and enhance the utilities driving demand, we must also massively tighten the supply of token emissions coming from walking users.
Massively increasing the minting difficulty is the first step in accomplishing this.
See the impact of the new minting difficulty formula in decreasing the total tokens minted by walking in the graph below.