Significant inflation reduction: minting difficulty increase

in #inflation2 years ago

Another way of understanding this is the minting difficulty curve. Below is a comparison of the old formula against the new one to show how many steps will be required to mint 1 SWEAT over time.

This is not the only change that the team is working on to deliver slower inflation of circulating supply. **Medium.com **

The change
We have long since established a model for making each next SWEAT more difficult to mint than the last. This mechanic complements our vision of helping people to move today, not tomorrow.
The change we are making will increase the current minting difficulty by 4X/400%. You will see the minting difficulty number (top right of your Sweat Wallet interface) jump from approximately 1,080 to 1,270 or thereabouts immediately.
Current minting difficulty increase of 2.9 steps per day
New minting difficulty will make this 12 steps a day (0.5 per hour)
Stay tuned — because we are working on further models to further decrease the rate of inflation. This is just the beginning!
Happy SWEATing,
The Sweat Team

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