KDub

#STEPN @0xPolygon Realm 🌸 Past weeks, I’ve been a strong advocate for halving the pGST to recreate the STEPN OG 2022 surge through Polygon Realm and there is a good reason for that. Current problem: → For the past 10 days, we’ve been producing an average of 195,000 pGST daily in Polygon Realm, while burning 145,000 pGST. → After more than six weeks of deflation that supported the rise in the pGST price and attracted new, highly active players, we are once again facing pGST inflation (around 50,000 pGST per day). → Given that FSL has no plans to launch new attractive burning mechanisms in STEPN OG anytime soon, the only best solution at this time seems to be a 6-month halving. Why 6 months and not indefinitely? A pGST halving should be a campaign to attract new investors, not to punish current players. Furthermore, returning to the normal rate in 6 months will be a pleasant surprise for new players, as the total circulating supply will have decreased significantly and the price will be surging. Finally, setting a specific start and end date for the temporary halving allows investors to position themselves in a predictable manner. --------------- In concrete terms, here is a projection of the effects of such a measure: → Projection over 180 days with halving: Daily production halved to ~97,500 pGST. Burn starts at 145,000 pGST/day and grows exponentially (mild +0.05% per day due to FOMO, price rise and increased activity). This creates an initial net burn of ~47,500 pGST/day that accelerates over time. Basic assumption: Currently → 30,000,000 pGST circulating at $0.004108 → Market Cap = $123,240. Liquidity Pool (42% of supply = 12,600,000 pGST) is locked and untouchable. Realistic model: Value of the free float (tradable tokens) stays constant at ~$71,480. Price rises as available tokens decrease. Concrete results (simulated day by day): Day 0: - Supply 30.00M | - Free float 17.4M | - LP 42% | - Price $0.004108 | - MC $123k Day 45: - Supply 27.79M | - Free float 15.19M | - LP 45.4% | - Price $0.00471 (+15%) Day 90: - Supply 25.43M | - Free float 12.83M | - LP 50.4% | - Price $0.00557 (+36%) Day 135: - Supply 22.92M | - Free float 10.32M | - LP 55.0% | - 693 (+69%) Day 180: - Supply 20.25M | - Free float 7.65M | - LP 62.2% | - Price $0.00935 (+128%) | - MC $189k Key point: The curve is convex — modest gains early, then strong acceleration in the second half as daily net burn grows and free float becomes very scarce. This is exactly the self-reinforcing deflationary flywheel we need. These are very conservative projections, because my calculation (which isn’t detailed) takes into account the loss of confidence in FSL among the majority of players who have left the project due to a lack of a clear vision for the future communicated by the management team. However, once the Polygon Realm economy is rebalanced, confidence should return, and so should FOMO. Add to that the fact that there are almost no quality assets available on the marketplace; such a measure will drive the burning of even more pGST. While you wait for FSL to wake up, you can try to win this Epic shoe from the Polygon Realm 👇 Who knows? Maybe it’ll be worth thousands of dollars soon. 🌸