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Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][ENCN] EndChain 🔥(US Patent-Pending)🔥 Affordable Tracking Solution
by
aprilnot
on 24/11/2018, 12:09:29 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.

if so, they can keep the ecosystem of tokens healthy. but regardless of how many tokens to burn per transaction, they must have users to be able to succeed this plan. without the user no one will use the token and in the end there will be no tokens destroyed.