I have 3 questions:
1. In the first post it says that 50% fees go to the Oracle and the other 50% is destroyed. However in the video it is different: 50% oracle, 48% destroyed, 2% development. Why this discrepancy and which one is right ?
2. In your web site it says that the ICO structure will be 10 rounds of 8.5MM each. In other places it says round 1: 17MM, rounds 2-9: 7.75mm each, round 10: 6mm
Same question as before: why this discrepancy and which one is right ?
3. It also says that the system will be deflacionary because of the 50% (or 48% ?) coins destroyed each bet. It doesn't say nothing about creation of new coins, however it says later that the Oracles receives a % of new created blocks. Could you elaborate this ?
Thanks
Sorry for those errors, we adjusted some things over the past few months and let some of that older stuff slip through let me clarify.
1. The fees are indeed 50% goes to the Oracles 48% are destroyed and 2% goes into the dev fund that the Oracles govern.
2. The original ico design called for 10 rounds of 8.5mm a piece, but we expanded that total in round one to allow for more people to get into the bonus. it is indeed 17mm round one then 7.75 from round 2 to 9. and then 6 million in round 10.
3. The economy is deflationary in nature, but for it to be self regulating and self correcting there has to be a base of coins created each year. In Wagerr's case its 1% inflation a year. If it sells out that would be 1mm a year. So when under a million coins are destroyed by network fees it would technically be called disinflation, (a reduction in inflation) but once it crosses over that million it would then be deflation.
To get a better handle on the inflation and deflation mechanisms you can check out
https://wagerr.com/economicsThis has the interactive value calculator to help gain a bit of clarity for the mechanism of increased price = less deflation.
Also we will get those errors fixed asap, thanks for pointing them out!