I’m pretty new here and I obviously don’t hold as much as some of you…but I’d like to ask the community a question. I’ve used the general section hope this ok?
Anyhow the last time any real excitement or price action was seen was with the 1.2 burn tax correct? The hype was massive (got me to buy some anyway :D) staking was also a hype factor.
I remember that it landed for like a few weeks then it was pulled back to 0.2.
The reasons at the time were reduced volume and it scared Dapps away. Fair enough. I can see that.
Only problem I see as a simpleton who isn’t technically minded (I’m better at money/sales stuff) is that after reducing to 0.2% volume continued to decrease as does mark cap and overall price.
The most notable thing I can think of is terraport (and that’s famous for all the wrong reasons). A casino who (bless their efforts) don’t really burn much at all. Cremation is doing ok to be fair to the guys.
As a salesman we have a loss leader that isn’t really performing.
Wouldn’t it be simple to test a higher burn tax over 60/90 day period? 0.6 or 1.2% again, hell even a 2.5%.
We have nothing notable yet, no apps, no price, lower volume. We have excellent things in the pipeline but time is not our friend as people get bored.
So I’m lead to believe the certain things can whitelisted and exempt from tax etc (correct me if I’m wrong).
So my question is while nothing is happening and everything is looking rubbish why are we not testing a higher tax on chain to gain the sales data also whitelisting anything from the on chain tax if anything actually comes on in next 60/90 days?