LGNS is about to enter an era of major deflation! Burning ๐๐๐๐ for hashpower opens at ๐๐:๐๐ on October ๐๐ (Singapore time):
โ Requirements: Your wallet must hold ๐๐,๐๐๐ tokens for ๐๐๐ days, with a ๐๐๐-day long-term stake/bond. Only on the ๐ผ๐ฃ๐ช๐๐๐จ chain
โ Limit: You can participate only once every ๐ days, burning up to ๐๐๐ tokens per transaction
โ Hashpower: ๐ ๐๐๐๐ = ๐ ๐ฟ๐ผ๐ worth of hashpower; ๐๐๐ tokens = ๐๐๐๐ ๐ฟ๐ผ๐ worth of hashpower
โ Quota: ๐๐๐,๐๐๐โ๐๐๐,๐๐๐ tokens in total per day, available while supplies last
โ ๏ธ Burning is irreversible; a hash-power multiplier โ guaranteed returns; hash power is calculated individually and does not include community performance.
In other words: either hold long-term or burn tokens to gain hash power!
Strong demand โ strong locking โ strong burning โ strong consensus โ strong price increases
Q: What is the ๐๐๐๐๐ Spiral Protocol?
A: In plain English, itโs a deflationary tool๐ ๏ธ that thoroughly solves the problem of inflation. For ๐ผ๐ฌ๐๐ ๐, it bridges the past and the futureโa historic turning point and a milestone!
๐๐๐๐ has sustained inflation to attract traffic, while its price continues to fall. The Spiral Protocol addresses inflation by burning tokens, reducing the circulating supply and restoring their original value, turning them into ๐ผ๐๐๐๐๐. It bridges the past and the future: carrying forward the traffic from ๐๐๐๐ and paving the way for the ecosystem products of ๐ผ๐๐๐๐๐.
Between ๐๐๐๐ โ ๐ผ๐๐๐๐๐, ๐๐๐๐ is inflationary; through ๐๐๐๐๐, it becomes deflationary.
Summary: In a persistently inflationary market, prices keep falling. ๐๐๐๐๐ launches deflation, reducing the circulating supply of ๐๐๐๐ and driving its price up.
Q: Why does this policy set a limit for each address? โ Why are there requirements for every address?
A: Consider three factors
โ Funds: When more than a million is opened up initially, if the base pool for ๐ผ๐๐๐๐๐ hash power isnโt large enough, it wonโt be able to withstand a flood of participants. At first, the goal is to establish a channel for small withdrawals; later, the flood could be much more intense.
โ Restrictions: Addresses with long-term stakes need to hold tokens. This prevents on-chain bots and people using technical scripts from grabbing them. Without restrictions at the beginning, bots would flood in and ordinary users would have no chance.
โ Control inflows: We canโt let everyone deposit their liquid ๐๐๐๐ and burn it all at once, with everyone gaining hash power simultaneously. That would go against the principle of controlling inflows, not outflows.
With ๐ฟ๐๐, a limit of 3 million is set each day. Itโs certain that everyone will also have to compete for a quota when using liquid ๐๐๐๐.
The ten-year plan will proceed step by step. First, lock up the large holders; otherwise, when the price rises, all those liquid tokens could be dumped. Quotas will increase as AI develops. The higher the quota, the more people will want a ticket inโthe Matthew effect! In the end, the path you take is up to you. Donโt ask others; rely on yourself, and check the organizationโs announcements in your backend, as well as the ecosystem modules $GOOGLB $METAB $ADBEB .
