In this thread I will conduct an analysis to know if the price has any effect on the "proof of burn" rate.

Proof of Burn, in Slimcoin, is a mechanism that allows participants to "destroy" currency, getting the chance to win block rewards in the future.

This allows the users, in some way, control the supply of the currency and act like a decentralized central bank. You can read more here on the Slimcoin website and in the Slimcoin wiki.

An interesting number in this context is the "burn rate". The more coins people burn, the more coins are subtracted from the total available supply. So if there is a high burn rate, the currency becomes more deflationary.

It is the primary goal of this study to analyze if the price of the token can have any effect on this number. I will analyze the following numbers and its relation to burn rate:

- average price of 1 SLM in BTC
- average price of 1 SLM in USD
- monthly price variation (BTC and USD)

Other possible influences are:

- Proof of Burn block reward.
- social variables like the "sentiment" (optimism or pessimism). These are more difficult to measure and will be added perhaps in the future.

This is a long term study and it won't have really interesting results in the first weeks and months. I will provide at least monthly - sometimes weekly - updates with the four main variables.