As additional Steem Power gets delegated, more RBS gets burned and also the value goes up...

in #steem3 years ago

As more and more STEEM Power gets delegated to Robinia, their defi token can get burned in larger and greater numbers
The delegate and burn model has been tried and true with some defi comes within the past, and it works.

the concept is that as more and more STEEM Power gets delegated, the more curation that project earns with that to shop for and burn their defi token.

we have a tendency to are seeing the very early stages of that straight away with Robinia:

C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPdWWubiJNeV1PmghuL8Q5czYwiS8BWZi19LUffMnCPjZcpTMeFtntTyeobSZUdwJp4TqqMJB5p.png

(Source: http://robiniaswap.com/delegatefarm)

presently there's quite 1.3 million SP ($821k) delegated and as that variety goes up additional and more RBS are going to be burned...

this market cap is $200k for RBS, that is incredibly small.

after you think about increasing curation from STEEM delegations, updated delegation farms, and don't forget IFOs (which we'll bring up in another post) and you have got a formula for a massively increasing token value over the approaching months!

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