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Brian Ethier
@brianethier
@nbragg I was trying to consolidate how to think about the $FIRE tokenomics and how to think about being rewarded as a player. Do you have any writings/videos about this? My high level ideas 🧵:
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Brian Ethier
@brianethier
1) It is a very cool idea that a subset of trading fees are sent back to the community, and in a weighted way that incentivizes playing the game well, not just hoarding a token.
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Brian Ethier
@brianethier
2) As a player, I have to spend $FIRE every 3 days to keep my village alive, and meanwhile I’m basically buying myself a portion of the trading fees. This means however that as a player, whether or not playing is profitable, is a function of the trade volume. In a period of low trade volume, even if I was the number 1 player, I could be losing money.
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Brian Ethier
@brianethier
3)The purely deflationary nature of the token means that even if the game just maintains its market cap, it will get more and more expensive to play the game. 12 FIRE will continue to increase in cost. I can’t imagine people would be willing to pay $100/3days to keep their fire alive, especially if they don’t recoup it in fee flow (point 2)
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Noah Bragg 🔥
@nbragg
On this last note. We change the fire token cost so that it remains around 50 cents. It’s not exact but hovers around there. I’ve changed it from time to time. Haven’t had to in a little bit.
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