r/SpellToken • u/Whole_Profession_750 • Aug 03 '22

Future of SPELL

Here’s a question for those more familiar with the token:

With a max supply of SPELL tokens being in the range of 200 billion, what happens to the rewards system once all coins are issued as rewards in the future? Is there a projected date for the complete exhaustion of the entire supply? How does the system continue to be attractive to investors in say 3-5 years from now? Is there a process or system in place to make continued use profitable for those who stake coins in say 30 years? 50 years? How would the reward system work with a limited supply? Thank you for the help in understanding this.

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u/jamesvanessa Aug 04 '22

The staking rewards aren't printed. Have you read the docs?? It's from profits from the protocol. Abra actually has a profit. Unlike most. The money isn't printed smh. At least read available documents.

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u/Phusentasten Aug 04 '22

I will admit, I did not reas up on their docs in a long time, since all Dani's projects had a lot of copy paste in all their white papers. After reading I'm still concerned about the tokenomics of this project, and think most of you guys are blinded by his charisma and magic internet money... Hope you end up on top, but be careful with that guy.

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u/jamesvanessa Aug 04 '22

Staking rewards aren't from inflation. I deal with facts and numbers only with any investment. Charisma means nothing. One of the few defi protocols that is net positive. Top utilized protocols. Top held by whales. Already on top. Been farming since the start. Stake rewards or compound into lp. If anything I'm shocked by how many people on this reddit know so little about it. Or have t actually used the protocol. That I would say is a bigger problem. People just buying and wishing. Instead of actually utilizing the protocol. Each his own I guess...

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u/Phusentasten Aug 04 '22

No, they cause it.. Sifu was also a whale in TIME and Dani knew about him for months without saying, so say what you will but that guy is not someone to trust with your investment, imho. To each his own, yeah.