@kaloh
On token burns:
I get that burning tokens shouldn’t be the key value prop for a project
But burning tokens shouldn’t backfire, or can they?
What are the negative effects of burning tokens?
In @indexy trading, when someone buys or sells an index (via $i or USDC), fees are split in the following ways:
1. $i % goes to the index creator
2. $i % goes to indexy
3. $i % is burned
If USDC was used, we buy $i for those 3 purposes.
We are happy with this system as it rewards all the parties involved
Interested in hearing counter arguments or how to improve it