VLX_3LAS has a total supply of 10b
Actual are 317m in circulation and we have staking apr with 20 percent until end of this year.
How to proceed that velix cant be minted anymore but staking rewards should go on until end of live with 12 percent and decreasing each year with 1 to 2 percent?
Do we need to make a mass mint and burn with total supply and hopefully staking rewards go on or do we need to have unminted tokens with approximately 50 to 100 million for further staking rewards?
Thanks in advance
Tom
@Thomas_Senekowitsch according to my own understanding , you mean that VLX is having a challenge on staking rewards.
What if you introduce a new token which users will be rewarded for staking VLX
and the token can be converted to VLX .
Due to the high staking rewards you can have a ratio like 1: 100 ( 1vlx= 100x coins)
Although it can solve the problem , the concept if accepted should be introduced carefully to the VLX community by explaining the challenges you are facing or introduce more rewards for those who stake vlx
@Duka whats your idea on this, it would be great to hear it
Great question, and thanks for sharing the details. Let me clarify:
If the full 10 billion VLX_3LAS supply has already been minted, the on-chain staking APR won’t work indefinitely unless tokens are burned to free up supply. This is because staking rewards rely on available tokens within the total supply cap.
However, if the 10 billion tokens haven’t been minted yet, staking rewards will continue as expected until the total supply is reached. Once it hits the cap, users will encounter errors when trying to claim rewards, unless additional tokens are burned to make room for further staking emissions.
So, the best approach depends on your current token supply status:
If you’re already at 10 billion, burning tokens is essential to sustain staking.
If you’re below 10 billion, staking can continue naturally until the cap is reached.
Let me know if you need help refining your strategy!
Hi Duka! Hope you’re doing well. Could you consider adding the option to disable token minting in the future? In other words, to make token burning irreversible if it wasn’t initially specified during token creation?
