Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][ENCN] EndChain 🔥(US Patent-Pending)🔥 Affordable Tracking Solution
by
aneocule
on 23/11/2018, 14:20:21 UTC
How the self-regulating economy of EndChain will work?
It will work by destroying more coins if the current market value of the coin is low. If the value of EndChain tokens falls, every smart contract now requires more EndChain coins to be set up, which results in more being burned due to EndChain burning 2-4% of tokens per transaction.
Vice-versa, if the value of EndChain coins rises, less outstanding supply is destroyed as fewer coins are required for each smart contract.
The systematic destruction of fees creates supply scarcity over time.