I am struggling to understand this staking system and unfortunatelly I seem to be the only one. I've already read most of the "getstarted" guide and my doubts reI am struggling to understand this staking system and unfortunatelly I seem to be the only one. I've already read most of the "getstarted" guide and my doubts remain. Even went on Discord but the replies I get there seem redundant.
What's the point of burning FLUX to earn more FLUX.In the end what do you do with the FLUX you earn...keep burning them to earn more?? Do people actually sell FLUX or does the number of FLUX you hold have any influence in DAM? I ve seen other staking projects and normally you're purpose of earning dividends is to grow your holdings withe the idea to sell them eventually. Here, it just seems redundant.
Can someone please explain the value of this to me.
Thanks
We're one of the only few tokens in the world with a built-in on-chain use case (the most important thing is the on-chain burn): This is the proof: as of 07/06/2020, FLUX Burned 2,121.63 FLUX / $ 79,629.83 USDC (62.49% of minted FLUX). It'll take 2 months to find a stable price for FLUX. You will see the true potential of on-chain burn after FLUX is stable and has enough liquidity.