Emission Reduction Scheme (Max Supply) 😍
Last updated
Last updated
As fiat currencies continue to be printed, the inflation rate will constantly rise. As a result, they will become worthless sooner or later if the inflation rate is not curbed.
To prevent this from happening, we have studied countless yield farms and eventually, we came to a conclusion that there cannot be an unlimited supply of tokens since it will only drive the price down.
Therefore, we will be implementing a max supply for BOTH $LUNA and $NOVA.
As $NOVA is the primary farming token, the emission rate of $NOVA has been implemented such that it will be reduced by 20% every week until it reaches the maximum supply of 800,000 $NOVA.
Do note that $LUNA will not be minted and the maximum supply will be capped at 4000 $LUNA. This means that $LUNA holders will not be subjected to much dumping pressure since there will not be any $LUNA minted. Instead, they can use their $LUNA to earn more $NOVA. Coupled with the transfer taxes, $LUNA's supply will only decrease, making it more valuable.
10% of the NOVA emission will be allocated to the team's wallet and will be use for burns and subsequent cost encountered.