Quote from: ACanJadaS on June 19, 2017, 10:47:03 PM

Explain it to me then.

The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.

Yes, every BOND creates up to 12% on a yearly basis, but locked CRBIT Tokens are locked during this period and cannot enter markets for trading. Taking into account, that only a part of investors are willing to lock their Tokens for a long period (1 year+), overall increase of Tokens in the circulation is expected to be much lower than 12%.

April 22th:
11,870,283.08104604 CRBITs were migrated to CRB

Today (20.6.2017): Source
11,874,615.57683263 CRB

Increase in approx. 2 months:
approx. 4332 Tokens -> 0,0365% increase in 2 months -> approx. 0,22% yearly increase

Ethereum has yearly inflation rate in 2017 around 15%: https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
Bitcoin - approx 4,2%: https://en.bitcoin.it/wiki/Controlled_supply
But both currencies are not demanding to lock Tokens/Coins to gain BOND yields.

Still worried?

Dev Team

CreditBit-dev

Posts

Merits