Thread by @CRYPTOGRFX

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

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.

First, we have the ERC20Burnable Contract:

An abstract contract that extends the ERC20 token contract.

Allows token holders to burn their own tokens and tokens they have an allowance for.

Provides the burn and burnFrom functions for burning tokens.

This is future potential game theory waiting to happen IMO, and if implemented into a protocol could reduce supply in a disinflationary manner - Meaning total inflation coming to supply would inflate less with a burn mechanic using INC.

As just an opinion, there would have to be a pretty significant burn rate or reason to burn in order for the "burn" feature to create meaningful impact on supply, therefore this could be impactful or not. We will have to see how/if it is used.

Voting functionality:

The voting functionality within the INC contract enables users to delegate their voting power, both on-chain and through signatures. The contract also tracks vote balances at different block numbers, allowing for accurate calculation of voting power

Simply having governance/voting power does not necessarily equate to bullish sentiment. Look at the UNI token as a first example. Voting IMO would only be bullish if the decisions were HIGHLY impactful to both holders and ecosystem participants.

It's interesting that both #PLSX & #INC both have delegated Voting power written into the contract, so I am very curious to see how Both of them get used in this way.

There is far more to think about when it comes to the INC token, however this is a base understanding of the technical happenings and possibilities that lie under the surface.

Does this make you More or Less Bullish on #INC token?

Let me know below and thanks for reading!

@RichardHeartWin #PulseChain #Hex #Hedron #Icosa #Incentive

@RichardHeartWin @UnrollHelper unroll