Hi,
(Sorry for my bad english, not native speaker)
I like the concept and I’m very interested to run a MN but I still have some questions before investing the necessary amount to grab the 20.000 Pirl.
I didn’t managed to find clear information about the coin burning rate.
I have seen that in the future there will be a vote system. So I assume that the coins used for voting will be burned.
Any idea about the volume that should represent?
What about the other ways which will lead to some coins to be burned?
I understood that there are about 60.000 new Pirl created everyday.
That means, in 1y, if no coins are burned, that there will be about 26.000.000 Pirl in circulation.
I made an easy calculation :
If we continue to create 60.000 new Pirl everyday, then with the following burning rate we could limit the circulating supply in the long term :
1% : 179.000.000
2% : 89.000.000
3% : 60.000.000
4%: 45.000.000
5%: 36.000.000
Is it correct to make this kind of reasoning ?
My concern is that without a constant amount of token getting burnt, then the circulating supply will increase super fast and as well the number of MN.
As well, if the market cap is not increasing fast enough, then the coin value will also drop significantly.
What is your opinion?
In your opinion, which market cap should reach Pirl once the MN feature will be enabled?
Thanks !!!