



However, until we have these numbers of transactions on a daily basis on any blockchain it will take years, so we need a better solution. With NEAR, this magic number is around 1.5bn transactions.Īlso, NFT projects, and any other project for that matter, need to reserve block space if they want to launch a project on NEAR, which leads to $NEAR being locked. The more transactions you generate, the higher the probability you burn more tokens instead of issuing them. I know for example how NEAR Protocol has solved this issue.Ī certain amount of $NEAR is burned for each transaction with NEAR. I like the idea and fully support the proposal. (Up to now, 131,790,851 additional tokens have been issued So In my opinion, Because Flow fee is very cheap, so Dapper or Projects like NBA,… should have a buy-back or burn program, like use some of revenue from secondary marketplace to burn or buy back Flow,… even though just a little percent, but it can make a lot of change to Flow priceĪt the same time, flow tokens have undergone a lot of inflation and additional issuance. We have a lot of quality projects like NBA, NFL, UFC, Billboard, … But they purchase with credit card and do not need to lock Flow as wellĪs we can see in Ethereum EIP1559, they have burn program, the more transaction, the more they burn. In Inflation: we have 10M transactions per week (ATH) but if we multiply with gas fee 0.00002, so we use only 200 FLOW as transaction fee, the rest are minted around 1.2M $Flow Every week for Validator & Deligator In my opinion, Flow coin doesn’t have much demand. On the other hand, Dapper is good doesn’t mean Flow price is increasing, because Flow is not Dapper’s Stocks.Ĭrypto prices increase because they have a demand. It’s good if we invest in Dapper’s Stocks. Dapper has good business results, real users, partners, and hundreds of million dollars in revenue from the secondary market, but all the revenue and the value will go to Dapper, not $FLOW. Fundamental factors drive stock prices based on a company’s earnings and profitability from producing and selling goods and services. Let’s discuss why Flow price keep going down.
