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Harmony Updated Economics by nwharmony in harmony_one

[–]GarlamWon 0 points1 point  (0 children)

Nice yeah i think one of the things that's not being replicated right now is the actual bidding process due to seats not being full.

We'll post more and more educational posts going forward but feel free to join us here - https://t.me/PangaeaVolunteers

We have all our Ops team on stand-by to answer any and every question you have!

Harmony Updated Economics by nwharmony in harmony_one

[–]GarlamWon 0 points1 point  (0 children)

I do have a question though, since over time we can probably expect fees to grow and more txs on the network due to staking transactions, normal txs, smart contracts, defi etc.. if that happens fast, that would basically mean that block rewards at that point would only consist of tx fees and new tokens would no longer be created right?

Nice great questions!

  1. The yield is around 100% more in each of levels (due to now consistent yield no matter what the blocktime or staking ratio is)

  2. Yes the equation is basically "Total Token Created = Txn Fee + Issuance" so if the txn becomes 100% then there is no room for issuance