As the price of Wing Coin falls
You can see that the money stored in Wing Fines is declining.
Conversely, a wing’s price increase could lead to more funding.
Wing Dao should consider ways to further increase the value of Wing Coin based on various opinions from the community.
Let’s take an example.
EOS Dolphin Exchange
Previous mining pool 50:50 Overcoming the failure of falling mining pool prices
Current 80% DOP Governance Token: 20% EOS Rate
It offers about 500% APY.
However, there is no further price drop.
Why did it happen?
This is because 80% of the DOP governance tokens are held as collateral.
You will need 100 Governance Tokens to run 20 EOS as a mining pool.
Miners cannot sell mined governance tokens.
There will be many problems. This is because there are 80% collateral governance tokens.
In my opinion, Wing Coin will soon be the collateral.
When executing a loan, approximately 80% of the Wing Coin loan amount must exist for the loan to work. 80% of the wings are collateral, and the staking cannot be canceled until more than 95% has been repaid.
The loan amount cannot exceed 3 times the value of Wing Coin.
The more WING you have, the more money you can borrow and stake.
You talk. If you secure WING coins and run a loan, your VTL will decrease.
But this can be a vicious cycle.
Is the wing team more important for immediate return on loan interest?
Look really 10 years 20 years
You may have to boldly choose what has the potential for rapid growth in the future.
The decline in the price of Wing Coins is the fate of the Wing Team. It will.
Or it leads to the failure of the ontology project.
The solution to your question is simple.
The distribution of the remaining 70K Wing Coins can increase gradually over 10 years.
1% distribution of Wing Coins remaining for 1 year -> 2 years -> 3 years 5% distribution -> 15% distribution … 10 years -> 100% distribution completed
As the amount of mining decreases every year, the price drop is affected very little.
If there are accessibility, liquidity, and reasons to hold WING Coin, I can no longer find a reason to burn WING Coin.