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RE: STEEM Defi - Robinia has burned a huge chunk of tokens in the last few weeks

in #robinia • 3 years ago

This is a large amount of Robinia tokens.
is the circulation supply is fix or dynamic? because the price on the chart is still on the downtrend for the last two months.

3 years ago in #robinia by
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     3 years ago 

    Thank You for Your question...

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     3 years ago (edited)

    Every day new tokens are created, that is what pays the yields on the farms/pools. There is a little more than 11k RBS tokens created per day, so the buying and burning is reducing the inflation rate.

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       3 years ago 

      Thank You for sharing Your insights...

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       3 years ago 

      Thank you
      If an update of the system sets up a delay of x time before selling the RBS yields, the price of RBS may go up on the chart.

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