Post
Topic
Board Announcements (Altcoins)
Model of the GONT Central Bank and negative issue.
by
pathankp
on 19/03/2019, 10:37:21 UTC
Greetings, friends! We will talk today about how can one guarantee “burning” of the currency along with the reduction of demand for the service gas?

Let’s introduce some terms:
GCB - GONT Central bank (bank smart-contract).
SH - Stake holder – miners who hold some currency volume.

GCB (bank contract) is the only issue source. GCB distributes the SH currency for the executed work (on hosting and mining). But the currency is distributed not just for fun, but on the conventional credit at a conventional “re-financing rate”.

The re-financing rate is needed for currency withdrawal from miners for potential burning. But this mechanism is of the rewarding character.

The withdrawal is performed automatically (at the “re-financing rate”) at the moment of conducting payments on the rewards to the miners into the special reserve fund.

If the gas flow within the entire GONT continues to grow up, the currency is not needed to be burned and it’s returned to the miners at the next cycle (full reward of the miner along
with the economics growth).

If gas flow reduces, the funds of the Reserve fund are burned by the system.