I see that through your reward program we can earn LBD and then later on exchange for LYNK.Will there be some mechanism to prevent sharing too many LYNK tokens and that way lowering the value?
Hi Vindizzle
To ensure that additional supply of LYNK tokens (beyond the initial token supply of 200,000,000) is not being done at a rapid rate owing to the conversion of Lynk Boost Dollars (LBD) into LYNK, the distribution of LBD will be done in a controlled and phased manner with caps on the maximum amount of LBD being released each year. Additionally, specific locking periods will be introduced within which a member of the Lynked.World Platform cannot convert their LBD into LYNK tokens. This is to ensure that LYNK tokens do not depreciate in value owing to sudden increase in their supply.
Yes that makes sense,good call to se the max amount it can be converted each year, that should prevent possible dumping as some would try to exploit that.In that case when no more LYNK can be issued we will just keep adding up our LBD and wait for next year to be able to get LYNK?