Burning Volt tokens from the reserves

Voltnomics
10
  1. I do not see the relationship of this proposal with creating “a more sustainable ecosystem”, because if there is burning, but there is no repurchase, the price will not change, only the place tokens will change
  2. $Volt does not have an inflationary supply, because you already know how many units it will have at most (10,000,000,000), an inflationary token is $fuse or Ethereum for example, which have unlimited issuance and do not have a maximum supply. The $volt is being inflationary because there is more selling pressure than buying, because it is offered as a reward in Farming and it does not have deflationary mechanisms such as “burning fees” or some other added value, such as the possibility of depositing $volt in some another DEX to earn rewards, or be able to provide $volt as collateral on a loan.
  3. The positive of a great token offer is the user’s false feeling that they are buying many units, not as in the case of other tokens such as BTC, BNB or ETH, that we can only buy fractions.
  4. If you consider that implementing a fee burning mechanism could be costly and lead to loss of liquidity, you may consider using a fork of another contract, like you did with $fUSD. For example, Polycat (from Polygon Blockchain) is using a fee burner Masterchef Contract on its DEX very similar to the one proposed in VIP-4. Polycat is a small project with little traction, almost no marketing and no attention in its support group, its development has stopped or is on pause, I don’t know, but that contract was audited and it has been working correctly for more than two years, burning fees .
  5. I agree with @SupportiveWolf about the tokens will serve us better with a CEX listing or used to make $volt bridgeable.
  6. An idea:
    Create a locked staking of $Volt at 90, 180 and 360 days, whoever deposits will be given 5, 10 and 15% respectively (or the % that you want)

In short, I DISLIKE THE IDEA OF BURNING, don’t see the positive in this proposal for the present and future of $Volt or Voltage Finance.
2200M $volt at the current price is $1,167,628
I prefer to use part of those tokens as the full or partial payment to the developers for the Masterchef migration. The same with some more or less recognized CEX.

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