I wonder why there is no maximum supply for the core tokens of the Icon blockchain.
I initially thought a few years ago that the maximum supply of icx was fixed at about 800 million. It was described as such on various sites. However, icx was an unlimited issue.
Many Koreans thought like me.
Is this fluctuating? Or was it infinite issuance from the beginning?
I believe that one of the various reasons why the 2017-2018 icx price could rise so steeply was the maximum supply.
Now, with the addition of ice, icx’s position as a gas is an additional function, and as a governance token, etc., I think it is better to set the maximum supply. (1 billion)
Balanced and omm tokens are also governance tokens, but the maximum issuance is not set either, so I wonder why there is no incineration system.
We believe that if prices continue to drop, users will churn and developers will suffer.
Did the p-reps also want to issue tokens indefinitely?