Quote from: zphanjakidze on July 29, 2019, 05:56:53 PM

Quote from: HYPE_Token on July 27, 2019, 07:14:08 AM

Quote from: linards1000 on July 26, 2019, 04:21:46 PM

Quote from: farach on July 25, 2019, 02:27:54 PM

Quote from: fahad552 on July 25, 2019, 02:07:53 PM

it looks interesting as a tool for earning money, but I do not understand what benefit this token will bring to the demand in the long term .

if tokens are burned, in any case the price will rise. This economic model may be of interest to traders and investors.

Yes it looks interesting but it is also difficult to implement. I don't understand for example what tokens will be burnt ? whose tokens will they be?

Burned tokens are destroyed from the markets and results in the decrease of the total supply of tokens.

BNBs use burning tokens but that doesn't help the price of flying to the moon. What can you say about this?

Our whitepaper explicitly states this very issue. To re-highlight this:

Cryptocurrency users are often fascinated with the idea of deflation and scarcity (low supply). When we consider the Social Psychology in this Scarcity Principle, consumers tend to place a higher value on goods that are scarce than on goods that are abundant. Psychologists also note that when a good or service is perceived to be scarce, people want it more. However, it must also be noted that when a product is scarce, consumers are more likely to conduct their own cost-benefit analysis. A low supply yet highly valued token is more likely to be evaluated for its cost-benefits rather than generate market demands blindly. Particularly for a product (token) which does not carry any intrinsic value nor have any qualities. Additionally, the law of demand states that as the price of a commodity increases, demand decreases, provided other factors remain constant. Also, as the price decreases, demand increases.

Therefore, to permanently increase the value of a product (token) through scarcity, a growth in demand is necessary. Otherwise, markets will always only see temporary effects of the artificial scarcity we collectively create through increasing deflationary rates. This is where the HYPE ecosystem creating use cases for HYPE comes into the picture which is explained at the bottom of the whitepaper.

MORE THINGS TO NOTE:
As a decentralised tokenomics experiment, we can only predict and analyse the outcomes based on historical data. The experiment can only mature when there are sufficient testers who understand the fundamental economic theories as outlined on the whitepaper (https://hypetoken.io/whitepaper/). Therefore, you should not make any financial predictions nor make any financial decisions based upon your notions or any of these theories, throughout the whole experiment. This is a free-for-all and opensource experiment created to test the herds ability to collectively and intelligently control the supply through voting (consensus), period.

Please read the whitepaper in full to better understand what sort of theories are in place:
https://hypetoken.io/whitepaper/