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Dynamic Network Token aims to reduce the volatility in a cryptocurrency token by regulating the supply dynamically with burning and minting. The implementation of this functionality will strive to remove the high volatility in the token for the benefits of more stable and linear growth, and at the same time encourage users to transact with the Dynamic Network Token between each other.
Why Dynamic Network Token?Burning & Minting - In accordance with the quantitative theory of money, we have implemented burning and minting for each transaction. This makes it possible to control the volatility in a better way, thus making the Dynamic Network Token less volatile. The ratio implemented for the burning and minting is close to 2:1 in favour of the burning, which creates a more deflationary token.
Network Based Burning - We believe that a good token is backed by a strong network. Therefore, we have implemented Network-Based Burning. This means as the Dynamic Network grows, burns will occur based on the number of users in the network. This functionality also adds another deflationary property built into the Dynamic Network Token. Less Volatility - Before launching the Dynamic Network Token, we have conducted research that indicates that the token with its burning and minting implemented, is less volatile than a token that does not have this functionality implemented. This will in theory lead to more stable growth, making the Dynamic Network Token a safer investment.