Good model not enough, you got to be creative
This image is nature of your wallet right now and the more you hold the more you are disseminated in hope, emotions and disappointment. A situation where your SCR is stacked in your wallets with believe it will worth a fortunes and you keep desiring the best possible future price of the token but the value has depreciated to 99% its original price.
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Scorum has almost 30m SCR in supply if am not mistaken while Bitcoin has 21m BTC which indicates about 30% surplus. You will agree with me that when the price of SCR goes up, investors comes calling as the SCR rating, statistics will be in full glare and ranking of coinmarketcap.
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Sportstalks is a sports tribe on steemit that is booming which most of you here are pretty doing fine. You agree with me that having a good blue print is one thing and its another thing to bring it to fore where the larger population can see. Quantity drives more in ready market than quality in an unready market. I came across a discussion of sportstalk trying to burn some fraction of their total supply to increase token value and l contemplated the concept and how visible it is to apply here.
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@swelsome has come with the idea to burn some SCR in his wallet which l think can be borrowed. Not a bad idea if you ask me. So, how we go about it?
Deflationary
That is the number of SCR printed reduces over time, stops when it reaches 30m SCR and keeps circulating. The principle is to increase future worth as SCR holder tend to hoard the token than spending it.
Do I miss out on the opportunity cost of future gains or do I hold the SCR?
The reason we are all still here right?😋😋😋😋
That fear of losing out in future price hike keeps the project gliding. But you know what?, man must spend either out of basic necessity or time preference. One must eat to see tomorrow and will have to buy some Kg of chicken on Christmas even when the will fall by half in January.
Can 1.5-2.0% of each post pay out get burnt on the 7th day?
Can the team burn some fraction of the total supply?
The picture you saw above was in fact not actually real but a mirage. The scorum economy can be arguably be said to falsely represented itself. Its current status still scare a lot of investor like in the first image looking at the market rating. ''That's what every good investor got to check out for'' (reply a forex trading friend told me when I sold the idea of buying some SCR.
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