About your points.. the 10% rate does not apply to the sale of usual x on the secondary market.. burning is restricted to 33% of redemptions and the other 66 are redistributed as prizes
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Eleanor Sammut ln1d
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$USUAL
I read the project again. It is an interesting project. However, I do not understand why they have not yet implemented inflation control by burning coins or controlling the issuance of more coins.
My second point is that, today, those who have not read the whitepaper or consulted support do not understand how much they would receive from staking (for those who do not have Web3 available on Binance, they only saw other decentralized wallets) of Usual, which would be UsualX. In other words, they only see when simulating early redemption that there would be a cost of 10% of usual and how much they would earn for that operation.
Third, this 10% - related to how much you would redeem in advance - should be burned by the issuer. I have not yet seen this 10% reflected in the overall amount of Usual, since it should reduce according to a real “Burn”.
Fourth point: up until now, those who invest through Binance and do not have access to Web3 (through Binance) cannot stake their Usual. They can just put it in “Earn” and that’s it. In other words, it is terrible to invest through Binance, you are losing money.
Fifth point: the issuer of Usual @Usual Official could insert a form of staking through Binance (for those who do not have access to Web3, which is the majority), otherwise the price will go to zero, given the greater capacity to reach users.
I read the project again. It is an interesting project. However, I do not understand why they have not yet implemented inflation control by burning coins or controlling the issuance of more coins.
My second point is that, today, those who have not read the whitepaper or consulted support do not understand how much they would receive from staking (for those who do not have Web3 available on Binance, they only saw other decentralized wallets) of Usual, which would be UsualX. In other words, they only see when simulating early redemption that there would be a cost of 10% of usual and how much they would earn for that operation.
Third, this 10% - related to how much you would redeem in advance - should be burned by the issuer. I have not yet seen this 10% reflected in the overall amount of Usual, since it should reduce according to a real “Burn”.
Fourth point: up until now, those who invest through Binance and do not have access to Web3 (through Binance) cannot stake their Usual. They can just put it in “Earn” and that’s it. In other words, it is terrible to invest through Binance, you are losing money.
Fifth point: the issuer of Usual @Usual Official could insert a form of staking through Binance (for those who do not have access to Web3, which is the majority), otherwise the price will go to zero, given the greater capacity to reach users.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.