Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO]🇨 Crypterium - Digital Cryptobank with Credit Token & Open Platform🇨
by
JeremieCRPT
on 21/09/2019, 00:28:20 UTC
This looks like an amazing project! Only thing I don't understand is how does the token/coin price increase? If there is always supply, shouldn't it always remain constant?

It is important to understand that the token is not an integer. Our token has 18 digits after the decimal point. Reducing the number of tokens in conditions of stable or growing demand on them will increase their cost. Those each subsequent transaction will require an ever smaller and smaller number of tokens.
Here’s an example: if you pay for a $100 purchase with Crypterium app, when CRPT is worth $0.5, you’d burn 1 token. But if the CRPT price increases, for example to $2, you’d only need to burn 0.25 CRPT for the same transaction. Simply put, the token-burning rate will be constantly decreasing.