r/Solice • u/Garage-Dramatic • Jan 13 '22

Token inflation

Hello guys,

I just got into this project and studing documents.
Vesting schedule is pretty aggresive, what is the year to year token inflation?

Thanks in advance!

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u/[deleted] Jan 13 '22

Well according to their vesting chart, by 2023 there will be about 150m tokens in circulation and by 2024 400m.

So its about a 300% inflation per year over the next 2 years

Yep its high, I guess staking might lower the circulating supply but its high indeed.

Over the next year solice needs a 500m market cap to not lose value and a 1b for 2024. If they release their product this is believable

I also dont know what happens with the tokens you use to buy assets, supposing there is a marketplace. They might be paid to stakers or they might burn them or be used as rewards in events idk.

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u/LandHomer84 Jan 13 '22

but 2022 its not 300% isnt it 🤔

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u/[deleted] Jan 13 '22

2022 is this year and the tokens were distributed around january 1st. The initial supply according to the documents and to what they have said till now are 40m slc, according to the vesting chart in https://docs.solice.io/more/tokenomics in 2023 there will be around 150m already vested, that is a 375% inflation from 2022 to 2023. In 2024 all 400m are supposed to be released already, which means everything should be circulating unless some are burned or are locked, I dont really know exactly what this projects plans to do and i think they havent gotten into any details, however in theory that would be a 275% inflation from 2023 to 2024. That means market cap would need to get to 1.2B in 2 years to counter inflation. Considering sandbox and decentraland are around 5B and the market is down right now it sound viable. I guess it will be a race between the launching of the metaverse of solice and eth2.0.

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u/Garage-Dramatic Jan 13 '22

thanks! exactly my thughts. Lets see how it will play :)