This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Hi everyone, I've been quietly lurking around here since the beginning. I'm very happy to be a part of this community, and I think HOGE is awesome.
One thing I've noticed is that a lot of people have misunderstood the %burn/%redistribution tax on transactions.
The 2% tax on each transaction is constant; however, the %burned vs. %redistributed changes based off the ratio of total supply burned and total supply in circulation. This is why the HOGE creators burned half of the supply at its creation, it made it so the supply in circulation will be burned off at a much faster rate.
Basically,
- [Burn Tax] = 2% * [Supply Burned] / [Total Supply]
- [Redistribution Tax] = 2% * [Supply in Circulation] / [Total Supply]
- [Burn Tax] [Redistribution Tax] = 2%
Now, I've also decided to model all of these things with respect to total transaction volume over time (number of HOGE which have been moved through transactions). Here are some other pieces of information I've been able to obtain:
- At this moment, there has been a total volume of ~7.6 trillion HOGE coins which have moved through transactions.
- The current burn tax is ~1.16%, whereas the redistribution tax is ~0.84%
- Once the total transaction volume of HOGE has reached ~20 trillion, 25% of the supply will have been burned, and the burn tax will be 1.5% whereas the redistribution tax will be 0.5%.
- Once the total transaction volume reaches 35 trillion HOGE coins, 99% of the HOGE supply currently in circulation will have been burned off (we'll be down to 10 billion coins).
If you'd like the massive excel spreadsheet where I put all the data to generate the model, let me know how you'd like it sent over. I'm happy to give it out. Here's my graphs:
Post Details
- Posted
- 3 years ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/hoge/commen...