Buy back stock? Concept that should apply to crypto
Atom should have an investment fund and a program to buy back coins when they are so dang cheap.
Is that possible?
hi, coins are not like stocks since coins aren’t securities. If you’re referring to smart contracts that help ensure a blockchain’s token issuance is anti-inflationary, similar to Ethereum EIP-1559, that would be interesting on Cosmos for Atom.
The idea of something being cheap or expensive is relative in terms of value for what an item does.
Separately, we see suggestions on this forum for a DAO that would have funds disbursed based on community voting.
Noting I don’t work with Cosmos, I’m a community member just like you.
EIP-1559 style fee market is now live on the Cosmos Hub - dynamically adjusting tx fees with a fee burn.
x.comCosmos Hub ⚛️ (@cosmoshub) on X
Great news! Do we have an estimated amount of burn it will do over let say 12 months ?
No idea!
But if someone can do the maths, give me a shout.
You’d look at perhaps last year’s tx data and modelling what it would translate to with the current params set for the Fee Market Module (see this, this and this).
Right now, the Fee Market thresholds are set quite high - i.e. dynamic fees and fee burn won’t affect most transactions - but these are parameters that can be changed by Hub governance, to make them significantly more aggressive (i.e. more fees and more burn)