and if you take those blurt tokens, all 175 million of them, and you recreate them somewhere else, so they can be USED by someone, then you've just expanded the AVAILABLE number of tokens in circulation by 175 million, which will drive blurt value LOWER
@logiczombie@outofthematrix the first topic under discussion is the token burn, once that has been successfully executed we can discuss expanding blurt to new blockchain communities, it would be exactly the same as BBLURT currently on BSC, there would be a pBLURT on Polygon and Blurt on Cosmos, maybe with its own sovereign chain or as a CW20 token ontop of JUNO, all will be linked under the Blurt profile on Coingecko.
The latter is another discussion point, the unclaimed exchange account balances can still be burned whether or not we decide to expand to other chains, which will need separate planning and discussion.
and if you take those blurt tokens, all 175 million of them, and you recreate them somewhere else, so they can be USED by someone, then you've just expanded the AVAILABLE number of tokens in circulation by 175 million, which will drive blurt value LOWER
That is true... They must be burned and end of story!
well, in their current state they're basically frozen
but the point of burning the accounts is specifically so those same blurt can be recreated as NEW blurt on the ION blockchain
Well, if there is an air drop, good for us all..?
regardless of how the "new" tokens are distributed, it will increase available supply (aka liquidity)
No, it will be a new token altogether...
a new token pegged to blurt is basically a new blurt token
and if they're not pegged, then why does @megadrive think we need to burn 175 million blurt in order to "free-up" some blurt tokens ?
@logiczombie @outofthematrix the first topic under discussion is the token burn, once that has been successfully executed we can discuss expanding blurt to new blockchain communities, it would be exactly the same as BBLURT currently on BSC, there would be a pBLURT on Polygon and Blurt on Cosmos, maybe with its own sovereign chain or as a CW20 token ontop of JUNO, all will be linked under the Blurt profile on Coingecko.
The latter is another discussion point, the unclaimed exchange account balances can still be burned whether or not we decide to expand to other chains, which will need separate planning and discussion.