Post
Topic
Board Altcoin Discussion
Re: PRIA - Inflation Arbitrage for Traders
by
mraug
on 28/10/2020, 09:09:06 UTC
PRIA is a fully automated and decentralized digital asset that implements and manages a perpetual ultra-deflationary monetary policy favourable to inflation arbitrage by market participants. In other words, this is a swing traders token that has been born right out of the elastic supply experiments of Ampleforth and RMPL. PRIA is an ERC20 token that is exploring beyond the concepts of hyper-deflation. As such, PRIA follows an unprecedented ultra-deflationary monetary policy that is fully automated. Macro contractions and expansions are fully dictated by the smart contract and trading volume. PRIA is based on a complex concept. It is a token based on game theory, with different turns (cycles) of burning/minting supply, with free perpetual airdrops and a few other twists, like the possibility of any holder to burn other holders wallets if they are inactive (25% after 35 days of inactivity or 100% after 60 days). Currently, PRIA is a small market cap token, just under 2 mil. $, so it has a lot of room to grow. You can find more details about PRIA on the main page of the official website.

Web: https://pria.eth.link/
Telegram: t.me/defilabs_community
Twitter: https://twitter.com/defi_labs_

Interesting project, so the inflation and deflation is automated and the rate is dictated by transaction volume? Pretty smart.

Isn't this susceptible to automated trading? Buy when supply high - sell when supply low as the price will be dictated mainly by the token supply mechanics.