Why do I have this strongly eerie feeling that I've read your thread some good days ago? And I'm not talking about this
old one, I feels like I've read those silly names of team one or two weeks ago. Just to appease my curiosity, how many thread do you have before this?
And moving to another matter, just to be sure we are on the same page, I'm trying to match your post I quote below with a lot of snip and a little modification (without changing the wording and their essence) for an easier read, with the tokenomy image from your post I quote below it:
(Snip)
First will be our BuyBack rewards - from each and every sell transaction, 3% of the sale amount will be transferred as $MBF token to the staking reward pool - (snip)
Stable rewards - from each and every sell transaction, 3% of the sale amount will be converted to stable $BUSD rewards and made available to stakers pro-rata to their share of the staking pool (snip)
The third are our Quarterly Bear Pay Days (BPDs) - each quarter, a large amount of tokens are rewarded to stakes through a ‘Bear Pay Day’ (BPD). (snip) The BPD tokens will come from the buybacks that occur during token sells, and early unstake penalties. (snip)
The buyback reward from your first post (the image) is 2%, and later on you said it's 3%. The burn reward on the image is 2%, but you said on the image above it (not quoted in order to keep this post for being too crowded with image), you say you didn't burn, but instead you'll turn them into the staking reward pool, so how many % of staking reward, where from, and in what form of currency/token are they? None of your numbers and statements matches each others.
To make things less (although it's ironically more suitable if we say "more") complicated, please tell us, by your definition, what's the difference between:
1. burn and buyback, given no token will be burned
2. Holders and rewards, given the rewards are all given to the holders, thanks to no-burn-but-instead-we-will-turn-to-staking-reward-pool
3. Burn, buyback, holders, and rewards, given all of those things are put into one same pool of... reward.
Lastly, where on earth does the BPD come from? None of the percentage on those 18% acquired from selling activity are stated to be allocated for the pay day, and boom, suddenly you reward holders with
large amount of token.
Hello and thank you for your questions. First of all, this is my first thread and you can probably check my history to see this.
About your concerns:
- I am happy that you have had the chance to read the thread carefully and my reply too. And I definitely admit that there is a difference between the image and my reply. The reason for that is that our contract is currently having the tokenomics that you see on the image, but as soon as we launch our staking platform we will change them to the new ones that you have noticed in my reply. The reason for that change is to stimulate more people to join our staking platform due to the big rewards that they will potentially get.
- About your burn question; yes, we do not burn the buyback rewards like other projects, because we believe that these burns don’t give the effect that most investors expect and it just affects the project in a negative way on a long-term basis. That’s why we have decided to boost our investors by giving them the opportunity to earn bigger rewards. And the rewards from the burns will be only in our native currency which is $MBF. That said, we do have a small burn % on each sell transaction which is currently 2%, and will be moving to 3% after our staking launch, so we maintain our currency as deflationary.
- Let’s talk about differences - the difference between burn and buyback is in the frequency and way of happening. Both are happening almost at the same time, but from time to time we will do bigger manual buybacks in order to increase the amount of rewards for our staking pool.
- Let’s talk about the BPD and where it is coming from - I have already answered this in my previous reply, but let me paste it for you here: “The BPD tokens will come from the buybacks that occur during token sells, and early unstake penalties.”
I hope that this answers all your questions. If I have missed something, let me know, and will answer it for you ASAP. Thanks again for your attention and time.
