Hey guys, just wondering any idea why is the supply of the coin increasing really fast? is that part of the reward thingy ? also, what is EXOR exactly.. cant find anything on it..
All genesis holders from the airdrop have 10 batches in total to mine over a period of 10 years. The supply can increase fast when at lot of genesis holders decide to hatch a lot of coins in the first year. When this happens the inflation will slow down over the years to come and this is probably better for the coin since inflation on a mature coin has more impact then on an incubating coin.
The exchange rate is currently very low and inflation results in high volatility but with minimal financial impact (unless you hold 0000's of it), in a couple of years when ELIX is trading around a couple of $ it would be bad when the total supply changes dramatically.
IMO for stability is good that many holders can't resist hatching their coins and bring them into circulation early on