anyone who derides or dismisses @berachain as a low-float, high-inflation vc chain has zero idea of what they're talking about
if you've been looking on and are surprised by the defense of $5 on $BERA with a sustained bid, here's what you should know:
the chain TGE'd with ~100M BERA in supply with a total supply of 500M to be unlocked over the next few years to a variety of stakeholders
Inflation is set to be 10% of the total supply, but here's the kicker, the inflation is denominated in BGT tokens, not BERA. BGT must be converted to BERA (one-way conversion) in order to be sold.
If you want to earn native dex fees, you need BGT. If you don't have/delegate BGT you cannot earn any dapp token incentives projects are going to incentivize validators with (PoL). If you don't hold/delegate BGT, you no longer have a say in future emissions/inflation.
In other words, if you don't lock yourself in and participate in the ecosystem, you lose control (relatively), and you don't get protocol rewards. You give up all future revenue, encashing it at the current price of $BERA (assuming you sell your BERA post conversion)
there is a reason us beras have always known time in bera > timing bera. as someone currently participating in the ecosystem, I have zero interest in converting my BGT to BERA, and least of all to sell it, esp at these valuations. I want to earn as much BGT as possible, so that I can support and earn my way into some of the dapps launching on Berachain that will be conducting their own TGEs thoon.
point being, to get a real sense of "inflation," one needs to look at how much of BGT is actually being converted to BERA; any BGT that is not converted does not add to the $BERA supply/market cap
@SmokeyTheBera@captainjack@DigitsCapital@deepname99@wajahat@napzilla_@dcfgod@pythianism and others, please do correct if my sense of the mechanism is incorrect.
ooga booga
ps: I wasn't sure about whether or not liquidity is going to be as sticky as has long been touted, but the more I observe/learn about what's occurring on berachain, the more locked in and sticky my own liquidity seems to be becoming. exciting times
I'm pretty sure $BERA airdrop to NFT holders gonna be fire because if not, @SmokeyTheBera perfectly knows I'm gonna bully him for months like I did with Ponziman
You spend hours writing this, but I did the math for you in 2 mins:
- 8bn people in the world
- each fart 18 times a day
- that's 144bn farts a day and 53 trillion annually
- Fartcoin supply is 1bn
- So the Fair Value of each #fartcoin is $52,560
"We're gonna win so much, you may even get tired of winning. And you'll say, 'Please, please. It's too much winning. We can't take it anymore. Mr. President, it's too much.'