Quote from: Blowon on May 02, 2021, 05:26:04 AM

Quote from: NationalPotato on July 09, 2020, 08:06:01 PM

If I'm reading this right, the primary purpose of FLUX is to be burned to get the 10x multiplier to get more FLUX? What are the other use cases for FLUX outside of this? I understand DAM's use case as being the mechanism that produces FLUX through locking... but that mechanism assumes that FLUX has underlying value or some natural reason that people would want to use / buy it.

Right now you're basically describing a two-tier ponzi system. Is there something that I'm missing that can be clearly explained?

FLUX is currently in the DeFi ecosystem, well it's a bit like a ponzi, but DeFi allocates rewards from the supplies they have, and they'll also routinely burn, I guess it's not the same as ponzi.

Just look at it like how every DeFi platform is working. Yield farming is the most common feature. But if you think about it, where will they get the value of those tokens farmed? There should be some use case, right? Because without use case backing the DeFi platform, they can easily be abandoned. So you need to look for valid use case in order for you to have peace of mind that your money is earning passive income.