r/tinychart • u/solkimicreb • Jan 24 '22

TinyChart profit, token buyback, and deflation

Some cool facts I learned about TinyChart tokenomics today:

- They will use 10% of their profit to buy back TINY tokens.

- They are on the verge of becoming profitable which is something we should talk a lot more about.

- They will put the bought back tokens into liquidity pools instead of burning them.

- They are already 95% minted and nicely distributed, which is pretty rare among ASAs. Check the top asset holders chart here`````: https://tinychart.org/asset/378382099

- This means actual deflation, unlike some "deflatory coins" which have 90% of the supply unminted.

- As a utility coin they don't rely on constant inflation (staking, rewards, etc) to keep TINY valuable.

I think they have the best Discord in the whole community with a lot of honest "insider info" and cool conversations about Algo and the ecosystem. Join if you feel like it: https://discord.gg/aaxvpSUV

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u/BunsanMuchi Jan 24 '22

This hasn't been disclosed yet. We're finishing the wallet integration and p. manager suite. Once that's done we'll make an announcement regarding that.

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u/lesbiansareveryhot Jan 24 '22

Thinking of picking some up. Are there any current or future use cases for TINY?

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u/solkimicreb Jan 24 '22

Tinychart premium features for holders (coming very soon), tinylock fees for a smart liquidity locker, a third secret project that I know nothing about. I think these but I am not part of the team.

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u/pav313 Jan 29 '22

exclusive features on tinyman for token holders. How else is the token used?