AFIT Token Scarcity & Power Down
Actifitters! We wanted to provide you with an update on recent changes we have implemented to the user experience and actifit.io functionality.
As many of you already know, we have been working on improving the scarcity aspect for a while of the AFIT token, and the token has been massively decreasing in daily emission throughout the last few months. This is becoming very noticeable throughout the chart below (Thanks @pjansen for the stats as always!).
You can see the total curving down heavily starting April, mostly due to the decrease in delegation rewards. The below 0 items are the ones within which AFIT tokens are being consumed into the ecosystem.
We will have a move elaborate update about AFIT tokenomics and inner workings soon!
In alignment with this, and since we have had a perpetual approach to powering down (which actually allows moving AFIT tokens from your locked state on actifit.io onto hive-engine exchange), unlike how HP power down works, we have decided to make an adjustment to this so that requests to power down are no longer perpetual, and a request would last 7 days from day of initiation.
This update is essentially implemented due to many users initiating the power down process, and either forgetting about it, or not knowing how to actually stop it.
The latter negatively affects user rank, since continuous moving of AFIT to hive-engine would decrease the user rank, and this might not be the user's intention.
For users who intentionally wish to power down, you can always do so, the only change would be the need to initiate the power down after it concludes, or just before it does so as it continues running for 7 more days.
We also believe this would help relief some extra sell pressure on the AFIT token on hive-engine.
To give you an idea about the difference, we've had 300+ daily AFIT transfer requests,as of today, and following the AFIT transfer, there is a total of 13 daily transfer left.
Improved User Profile
Our user profile section on actifit.io has had issues with responsiveness for a while, so we implemented a redesign of the stats section so as it is better aligned with the responsive design.
The layout now looks much nicer on both full display and phone display.
If you have any suggestions for info to show, we are happy to look into integrating those onto the new dev cycle.
Scarcity, on its own, does nothing to the price. You have a system that thrives on activities, so I'd make more activities, services or even goods, that require using the token. If those are worthwhile then the token becomes more worthwhile. :-)