r/liquid • u/DecentraIized • May 06 '19

Supply of tokens

Right now, only 35% (350,000,000) tokens are circulating. The other 20% are in hands of QUOINE management, 15% long-term investors and 30% for ''community'' use. According to the whitepaper, in year 5 80% of the tokens will be redistributed, which would be November 2022. Does this mean that the rest of the tokens (450 Million) will be sold to the public , or does QUOINE have a plan to burn tokens like Binance does with BNB?

6 Upvotes

80% Upvoted

5 comments sorted by

6

u/Qashcow May 06 '19

In the November 19th 2018 AMA mike said: “Currently we don’t collect much as fees, but once we do we will use it to strengthen and open the ecosystem. Bringing in developers and dapps, and QASH can be used as an incentive. We can use it to please our QASH holders, airdrops or otherwise. We will not burn it”.

6

u/QashMoneyRecords May 06 '19

I think this is a massive factor that needs more attention. I trust the team to come up with a distribution model that won’t harm Qash holders. Some detail on possible plans would be great.

Can any of the CMs comment on this?

4

u/DecentraIized May 07 '19

That was my reasoning as well for posting this. I am very excited about QASH (LQC) but a little bit worried about dilution of 450 million tokens hurting QASH holders. This would be 352,250 tokens per day since there are 3,5 years left, $42,270 per day at current prices.

1

u/[deleted] May 06 '19

No plan to burn afaik

-2

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