The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
But imagine all people of the world are using the ECredit System and pay their bread with GCredits - im talking about that point.
Getting this scenario is an other question...maybe it's just believing in the concept.
The 1.000.000.000 BlueCredits are 100% "premined" and will contibuted in a quite similar way like ICOs do.
Marketing and bounty campaigns and so on.
Additional to that there is a amount that will used to "reward" companies/ websites/ services that decide to use, accept, pay GCredits - For example Amazon would get 1 mio BlueCredits from me, if they accept GCredits as payments .
Sure it would start with smaller partners, but you know what i mean.