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Some interesting stuff about #INC #Incentive Token(Edited)🧵/
Base INC Emission in the farm is 1 INC per second, Yet we have 20x and 10x multipliers on the pools in terms of INC emissions at the moment. What does that mean for supply? Is it going to be far higher than expected?
Base INC Emission in the farm is 1 INC per second, Yet we have 20x and 10x multipliers on the pools in terms of INC emissions at the moment. What does that mean for supply? Is it going to be far higher than expected?
Interestingly enough, there have been 2,678,400 seconds since the first PLSX/WPLS farm was opened at launch(Roughly). Yes there have been many more farms opened since then, but to find out what the average emission rate is we need to use this figure.
Lets divide the total supply at the moment for INC of 2,712,739.466 by 2,678,400 sec. We get 1.01339006 INC per second. Very interesting considering we have a 8 farms at 20x multipliers and one at 10x. This should leave us at an average of 18.8 inc per second currently.
Some interesting stuff about #INC #Incentive Token🧶🧵:
Base INC Emission in the farm is 1 INC per second, however if we we look at the total supply (2,710,590.643 INC) and do some math to find out the average emission rate since the farms launched, we get 9.7842 INC per second
Base INC Emission in the farm is 1 INC per second, however if we we look at the total supply (2,710,590.643 INC) and do some math to find out the average emission rate since the farms launched, we get 9.7842 INC per second
If that rate were to continue, we would end up with approximately 308,703,283.52 #INC in one year. This assumes the Farms would continue to emit INC at the current rates and the number of farms stays static over a year - Highly unlikely IMO, But you never know.
This is nearly 10x higher supply than the base emission rate. At this pace, there seems to need to be some form of utility outside of simply earning to give it sustainable value after farming, long term. This is where two features within the smart contract come in to play.
Here is Richard Schueler's LP address setting up $12M LP between 20c and 6.6c 265 days ago:
etherscan.io/tx/0x9374d7016…
Here's the tx of the $12M coming to this address from an intermediary address he used:
etherscan.io/tx/0xbcfd335de…
etherscan.io/tx/0x9374d7016…
Here's the tx of the $12M coming to this address from an intermediary address he used:
etherscan.io/tx/0xbcfd335de…
How do we know it's an intermediary address? because it was funded by #PLSX sac address:
etherscan.io/txs?a=0xfe19b0…
etherscan.io/txs?a=0xfe19b0…
