When REQs Mainnet goes live here in a few days, tokens will start to get burned.
I think it's >50% possible that the REQ moves $1B in crypto in its 1st year EASY.
Probably more like $10B but $1B for sure.
The white paper says that token burn will be cost between .05% and .5% of the transaction.
So if you took the median of those two numbers, 1B worth of crypto invoices times .25% would mean that $2.5M worth of REQ tokens would be burned.
At .20 per token, that is 12.5M tokens burned.
So with only 1B in transactions at current market rate, there would only be 650,000,000 tokens left minus reserved tokens according to CMC.
Okay... so remember my outlandish $10B number?
Let's say that happens... and lets say the price is $.20 (it wont be, it will go up rapidly, but just to make my point)
If $10B were processed at .25% (at this volume, it may slide down to .05 but still a massive burn, we'll do both calcs) and a lot of tokens would simply disappear out of the ecosystem.
$10B at .25% @ a .20cent token price? = an available supply of 666M minus 125,000,000 tokens burned = a supply of 541M tokens left.
$10B at .05% @ a .20cent token price? = an available supply of 666M minus 25M tokens = 641M tokens left over.
This is the likely scenario for a $10B or more in total volume moved through the REQ but this could easily eclipse $1T over a 5 year period, just given the nature of money going back and forth and provided REQ is adopted an internationally recognized way to accept crypto for payments.
Do you see how this is going to rapidly force the price to REQ to go up when tokens get burned on a large scale?
My last question is simple... REQ network is basically an "Out of the box" 100% secure ICO funding platform.... When some developer makes that app for the REQ network and folks are moving $10,000s across REQ network....
What will happen to this price based on simple token burn economics?
REQ moon mission could underway
