Re: [EMUNIE] One small step for transactions, one giant leap for crypto
[...]
At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000. This should be enough to cover almost all short term pump/dump movements. The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.
If the case of a supply contraction, buffer assets are burned. If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.
That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.
[...]
At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000. This should be enough to cover almost all short term pump/dump movements. The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.
If the case of a supply contraction, buffer assets are burned. If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.
That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.
[...]
Really curious about those "details".
For now I would call it playing with fire.
caveman who played with fire eventually discovered BBQ ribs ... YUMMY!! Much better than raw mammoth steaks, just ask Bear Gryls, that dude drinks his own piss ... I'm sure Bear is just as excited at the prospect of chowing down on some flame grilled EMU as many here on this forum. I respect Fuserleer for playing with fire!!
Hah! You sir, win comment of the day!
Better wait until the day is over with awarding comments.
Playing with fire and being the overhasty type of guy is a dangerous combination
