/biz/ - Business & Finance

The concept of a 'price-reactive coin' is brand-new so let me explain it to you. When the price of the token increases (in USD/BTC/ETH), rewards are minted to holders based on how much it increased and other factors including volume. In this way it's kind of like staking, but the inflation rate is controlled by its price movement. The longer you hold, the more rewards you get. If you sell on an exchange or move your tokens around, you're charged a fee that is burned and your stakes are reset (you basically get shat on by the system). Rewards are minted every day, but if the price doesn't increase. no rewards are minted for that day. This incentivizes people to hold on positive days, and to buy on negative days so the candle turns positive and they get their rewards. It's designed to be slightly inflationary, so transfers have between 1-4% of the token burned to offset the rewards.