HOW COPUPPY PLANS TO REGULATE ITS NATIVE TOKEN

doublereward (25)in #nft • 3 years ago

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One of the factors that investors consider before committing their funds to a cryptocurrency project is the supply.

Ideally, investors want to invest in cryptocurrencies that have a total supply between 100 million and 500 million.

However, some cryptocurrency projects mint up to a billion tokens. For such projects, investors are usually wary because the future value prospects are not always assured.

In the case of the CoPuppy Token (CP), the supply is pegged at 1 billion CP. You may have considered this to be “out of the league” of the cryptocurrency tokens to invest in.

However, the CP token appears to be one of the crypto tokens that will spike in the coming months. This is because of the unique token economics it has.

IT STARTS FROM BLOCK REGULATION
The first strategy used by the CoPuppy team to regulate the output of the CoPuppy Token (CP) is via the regulation of the block.

Although the total output or supply of the CoPuppy Token (CP) is 1 billion, the initial output per block has been reduced to 15. The ideal is to only reduce the production cuts as time goes on.

THE FACTORS INVOLVED
The factors involved in the CP block regulation are the number of production cuts, the pieces or outputs per block and the number of tokens to be burned per block.

THE SUPPLY REDUCTION TACTIC
The block regulation is maximized by the reduction of the supply of the CoPuppy Token (CP). The idea is to reduce the total supply of the token by 10% every 14 days.

Considering that the initial output per block is 15, it means that after the first 14 days (2 weeks), only 13.5 units of the CoPuppy Token (CP) will be issued daily until the next 14 days.

During the second output reduction, the 13.5 CP output per block will also be reduced by 10%. This means that only 12.15 CoPuppy Tokens (CPs) will be issued henceforth.

On the third output reduction, the 12.15 CP output per block will be reduced by 10% to leave only 10.935 CoPuppy Tokens (CPs) up for issuance until the next round of reduction in 14 days.

HOW LONG WILL THIS CONTINUE?
The block reduction will continue until the 10th production cycle, which would be 140 days after the first Genesis Mining.

Once it gets to the 10th production cycle, the CoPuppy community will be allowed to vote. The voting process is designed to decide for or against the continuation of the production or mining of the CoPuppy Token (CP).

The decision of the community, based on its votes, will play a vital role in the continuation of the block reduction process.

If this is not continued, the community will then vote for other equity performances with the various possibilities. One of the equity performances to be considered in place of the block reduction in the production and implementation of the Governance Token.

FINAL THOUGHTS
The CoPuppy Token (CP) may have a billion supply, but it can be cut down to a few million, based on the regulatory or block reduction process, as explained above.

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