Explain it to me then.
The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.
Yes, every BOND creates up to 12% on a yearly basis, but locked CRBIT Tokens are locked during this period and cannot enter markets for trading. Taking into account, that only a part of investors are willing to lock their Tokens for a long period (1 year+), overall increase of Tokens in the circulation is expected to be much lower than 12%.
April 22th:
11,870,283.08104604 CRBITs were migrated to CRB
Today (20.6.2017):
Source11,874,615.57683263 CRB
Increase in approx. 2 months:
approx. 4332 Tokens -> 0,0365% increase in 2 months -> approx.
0,22% yearly increase
Ethereum has yearly inflation rate in 2017 around 15%:
https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/Bitcoin - approx 4,2%:
https://en.bitcoin.it/wiki/Controlled_supplyBut both currencies are not demanding to lock Tokens/Coins to gain BOND yields.
Still worried?
Dev Team
Thanks, I do believe that it's fair to say that the early numbers do not reflect what it will look like in a year from now.
Good work on the coin.