Jump to content
Sign in to follow this  
Chris_Reeves

Burn Fees with CRN

Recommended Posts

I'm a new member so this has probably been discussed but I can't seem to find it. With the burn fees going to the CRN, will there always be the same circulating supply, different from XRP in the way that transaction fees are lost forever?

  • Like 1

Share this post


Link to post
Share on other sites
30 minutes ago, Chris_Reeves said:

I'm a new member so this has probably been discussed but I can't seem to find it. With the burn fees going to the CRN, will there always be the same circulating supply, different from XRP in the way that transaction fees are lost forever?

 

Share this post


Link to post
Share on other sites
5 minutes ago, 777 said:

 

This doesn't answer my question. I get that the CRNs receive the burned tokens as a distributed fee. But are coins ever actually removed from existence altogether?

Share this post


Link to post
Share on other sites

Yes the circulating supply will always be 40B, the fees that are burned go to people that run a CRN :classic_smile:

  • Like 1

Share this post


Link to post
Share on other sites
9 minutes ago, TwoTwoFour said:

Yes the circulating supply will always be 40B, the fees that are burned go to people that run a CRN :classic_smile:

That's what I figured, thank you. Is there anything in the code base that allows for an inflationary measure or will the cap always be 40B? Sorry for the newbie questions. Just starting out and trying to understand.

  • Like 1

Share this post


Link to post
Share on other sites
1 hour ago, Chris_Reeves said:

That's what I figured, thank you. Is there anything in the code base that allows for an inflationary measure or will the cap always be 40B? Sorry for the newbie questions. Just starting out and trying to understand.

Nope, the max and circulating supply will always be 40B. :classic_smile: However I believe theres a possibility for escrowing casinocoins so technically the circulating supply could get lower. 

  • Like 1

Share this post


Link to post
Share on other sites
4 hours ago, Chris_Reeves said:

I'm a new member so this has probably been discussed but I can't seem to find it. With the burn fees going to the CRN, will there always be the same circulating supply, different from XRP in the way that transaction fees are lost forever?

Exactly, CSC supply will always be fixed at 40bil with CRN running.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×