The importance of deflation for Samecoin’s value
Because users get to enjoy the benefits of Samecoin being distributed as rewards, the system needs some deflation in order to reduce the number of Samecoin in distribution and continue to keep its value growing.
That means that half the number of Samecoin that are taken in transaction fees on SamePay are added to a burn wallet. The Samecoin in the burn wallet are destroyed once per quarter. The remaining fees go to the company that runs SamePay, who can also choose to burn them, or can decide to hold or redistribute.
By burning at least half the number of Samecoin taken in fees every quarter, deflation is ensured which will increase the value of remaining Samecoin in circulation.
The rewards users like Keith get for the minting and staking their Samecoin will also be halved every 6 months. Again, the increasing scarcity of Samecoin and making it take longer for the token to reach maximum supply. All of these features of the Samecoin system are designed to ensure the token continues to grow in value, and make the benefits for early adopters like Keith even more apparent. If you’re like Keith and want to enjoy these benefits, then now might be a good time to get into Samecoin.
For more information
WEBSITE: https://samecoin.com/
MEDIUM : https://medium.com/samecoin
TELEGRAM GROUP: https://t.me/Samecoin
FACEBOOK :https://www.facebook.com/SamecoinCom
INSTAGRAM: https://www.instagram.com/samecoinofficial/
TWITTER: https://twitter.com/SamecoinCom
AUTHOR:
Bitcointalk name: Ferland Mendy
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