Ok I looked at the diagram again and based on what I saw, it would seem like the burn rate would become less and less or would the burn rate stay the same but the price of bcy increases? It's the part where EDS sends the bitcrystals to Guttenberg to burn, then they issue new pack(s). Just curious
Hello,
I will try to reply to your questions.
There is a limited supply of BitCrystals (BCY), available only during a defined period - during the Token Sale right now. The price of BitCrystals increases every five days (the current rate is available till Friday, August 14th, 3pm Swiss Time). This is for the price.
Regarding the amount of BCY which will be burned: this will depend on the game items which will be purchased.
After the Token Sale, the game items (mainly the cards), will be available only for BCY. Every time a player purchase a card, we will receive a certain amount of BCY (the price of the card). From the total amount received from the player, we will keep 50% and send 50% to Gutenberg, which will burn them and send us the card that we will then send to the player (e.g. you want a card which costs 100 000 BCY, you purchase it and we'll recieve 100 000 BCY. We keep 50 000 and send 50 000 to Gutenberg. Gutenberg will burn the total amount of these 50 000 BCY and will issue the card, send us the card and we'll send it to you.)
I hope it's more clear, but don't hesitate to ask if not!
1. The burn rate will always be 50%.
2. The amount of BitCrystals in circulation will decrease over time due to burning.
3. The price of BitCrystals should fluctuate based on supply and demand (i.e, increase in value due to increasing scarcity).
4. The value of some (all?) items/cards will increase over time. There are schedules outlining when cards will increase in price.