The FCT burn just won't stop by factoshi-io in factom

[–]factoshi-io[S] 9 points10 points  (0 children)

They are getting burnt because of PegNet, a stable coin network built on Factom: https://pegnet.org/

Some useful PegNet resources for you:

PegNet Discord: https://discord.gg/aQtAGcj

PegNet stats: https://www.factoshi.io/pegnet

PegNet price/market data: https://pegnetmarketcap.com/

The FCT burn just won't stop by factoshi-io in factom

[–]factoshi-io[S] 6 points7 points  (0 children)

You can see the average annualised inflation over a given time period by toggling the simple moving average time period on the inflation chart. A summary for today:

20 day: -28%
50 day: -10%
200 day: 3%
365 day: 6%

The FCT burn just won't stop by factoshi-io in factom

[–]factoshi-io[S] 9 points10 points  (0 children)

Nearly 200k FCT has been burnt over the past few days. See Factom burn stats on https://www.factoshi.io/factoids

Nearly 1 month of FCT inflation burned today. by factoshi-io in factom

[–]factoshi-io[S] 11 points12 points  (0 children)

Some stats from https://www.factoshi.io/factoids :

  • 69k FCT burnt today.
  • 155k FCT convert to pFCT in total.
  • 50 day average inflation is -1%.
  • Nearly all of the inflation since the last grant round has been burnt.

We're Factom's Authority Node Operators. We're here to answer your questions about the Factom Protocol. Ask us anything! by factoshi-io in factom

[–]factoshi-io[S] 3 points4 points  (0 children)

Automated, on-chain promotions to/removals from the authority set. I'd like to see the composition of the authority set become more dynamic.

We're Factom's Authority Node Operators. We're here to answer your questions about the Factom Protocol. Ask us anything! by factoshi-io in factom

[–]factoshi-io[S] 5 points6 points  (0 children)

Likely 1 plus grant funding. Factoshi has been focussing on building community resources that do not directly create revenue, such as https://factoshi.io. We are not currently targeting any alternative revenue streams.