Summary & Objective
The goal of this IIP is to help both increase the token value and help generate marketing. This IIP proposes using 3% of all revenue generated and burning this revenue, instead of distributing it through revdis. In theory this will reduce the supply of ILV and create more upward pressure per dollar of revenue in the future. While we all know that token price isn't everything, I strongly believe that within the crypto community, an increasing token prices brings about priceless marketing opportunities. Marketing throughout the first year of the project will be critical for establishing a solid base of users. While we are not only targeting the crypto community for users, they will most likely be our first and strongest user base at launch and so demonstrating a strong token will help drive users to the platform.
#IIP-ICCP Idea - Implement 3% Burn From RevDis Pool For The First Year
obsidian jacinth
hasty escarp
I’d have to see why you chose 3% and how much that potentially is going to help. Revdis is complete speculation already and as a stakeholder I’m very hesitant to mess with Revdis not for my personal gain necessarily but what the implication of messing with revdis may have on other token holders and prospective stakers.
obsidian jacinth
I chose 3% at random. It seemed low enough to not have a real impact on regular stakers returns, but high enough to have an impact on reducing supply. To me, the 3% given up by stakers, isn't really given up as it increases the value of their other tokens.
In addition, knowing there is a burn mechanism may draw interest from other investors.
wintry linden
We already burn sILV. I don't see a reason why you want to burn more. Besides burning is nothing more than an artificial way of trying to increase the token value.
That's lazy.
Real value comes from the product.
obsidian jacinth
We already burn sILV. I don't see a reason why you want to burn more. Besides bu...
Don't disagree that real value comes from the product. But perception of token price also means a lot. It's similar to stock buybacks, which companies like Apple leverage massively, but also have good products.