https://classic-agora.terra.money/t/main-goals/45048
Let’s make a simple calculation of burning tokens at a rate of 0.5% per day:
7,000,000,000,000 tokens minus 0.5% burning daily = in a year there will be about 280,000,000,000 tokens
280,000,000,000 tokens minus 0.5% daily burn = about 11,200,000,000 tokens left in a year
11,200,000,000 tokens minus 0.5% daily burn = about 500,000,000 tokens left in a year
As you can see, in just 3 years, with the burning of 0.5% of the tokens, approximately 500,000,000 tokens will remain in circulation. As you understand, when burning 1% of tokens, the same result will be achieved much earlier.
So, after 3 years, there will be about 500,000,000 tokens in circulation - what price can they have? And the price will be much higher than $1.