What’s poppin, my daogs! This article is the most important for the investors, I am going to cover edge cases and potential risks so let’s get started.
Our development process follows the classic agile methodology in which every sprint (2 weeks) we stand out with a development report demonstrating work that was accomplished in the past sprint so our community is always in sync with current progress. Dev reports will consist all necessary information and links and also amount of tokens spent for development (relatively small amount for only 2 weeks). Each report has its voting where stakers can approve a payout to development team.
So how does the platform pay for developing new projects and maintaining existing ones?
Once payment is approved by voters, system would mint the specified amount of tokens and send them to dev team. Wait wait, I know.
The ecosystem token does not have maximum supply, but emission is strictly controlled by the community. Still, let’s talk about inflation.
Obviously the more tokens are printed, the cheaper the price of one token. Let’s model a situation when newly emitted tokens are immediately sold to market? Our community members have their tokens locked in staking and of course never want price to decrease.
As you may remember, the amount of distributed USDT dividends is based on your staking weight (amount of staked tokens and number of staking days).
So if token price ever drops, that means the whole staking pool becomes vulnerable to someone who now buys a huge amount of tokens, stakes them and makes your weight weaker. Well, this is actually the reason why it simply won’t happen. Even with a little price discount there always will be people (myself included) who want to strengthen their position and earn more dividends in USDT. And if someone is buying, the token price stabilizes or even grows.
Let’s talk about altcoins market overall. Thousands of charts look just like one. To protect our community from that scenario, our main goal remains to earn USDT dividends from the ecosystem projects. And if token price goes up, it’s a nice bonus.
In the last introduction article we are going to cover the platform security, token sale rounds and usage of the platform. Cheers!
All intro articles:
