Edited By
Leo Zhang
A growing wave of advocates in the Kusama community is urging action to bolster KSM's performance amid concerns about inflation. As discussions heat up around potential deflationary strategies, some critical ideas are emerging.
Historically, Kusama has implemented periodic burns of treasury funds.
"A has been done in the past, and can be done in the future," remarked one community member, hinting at the possibility of reviving this measure.
Currently, treasury burns occur every six days but are set to zero, diminishing their effectiveness. Users want clarity on when and why these adjustments were made.
The inflation rate remains a contentious issue.
"Options A and C can only be seen as secondary and not that important in order to keep inflation at bay."
Previously proposed referenda aimed to reduce the max inflation rate but faced pushback from validators concerned about profit implications. This scenario has led to increased selling pressure, contributing to KSM's price decline.
With a new coretime sales algorithm set to roll out starting July 21 or 22, expectations are building around how this will affect burn contributions. One user questioned,
"How many KSMs will get burned per year with this change?"
The community is looking for answers on whether the new revenue model will bring real change to KSM's inflationary worries.
π₯ Treasury burns currently set to zero; community advocates for change.
π Previous efforts to reduce inflation faced opposition from key stakeholders.
π New coretime sales algorithm may impact future burn amounts.
The community remains divided yet hopeful that their voices can provoke necessary changes in Kusama's approach to inflation. With July drawing near, the interaction between these new plans and KSMβs price-performance trajectory is an important factor to watch closely.
Thereβs a strong chance that the Kusama community's pleas for revival of treasury burns will gain traction soon, especially with mounting pressures from market participants eager to see lower inflation rates. With the new coretime sales algorithm on the horizon, experts estimate around a 30% chance this will improve burn rates, thereby potentially stabilizing KSM's price over the coming months. However, resistance from validators may slow progress, meaning fluctuations will likely continue. If the community can unite effectively behind these changes, we might even witness a significant uptick in KSM's value by late summer.
Consider how a struggling sports team often resets its strategy mid-season; sometimes it means changing key positions or rolling in new talent, which parallels Kusama's current situation. Teams that recognize the need for fresh tactics amid a losing season often rebound unexpectedly after taking bold steps. In the same way, Kusama could benefit from an adjusted approach to inflation. Just as fans rally behind a determined coach making decisive moves, the Kusama communityβs collective voice could sway outcomes in their favor, setting the stage for potential recovery.