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Chris_Reeves

Burn Fees with CRN

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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?

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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?

 

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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?

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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.

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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. 

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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.

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