Hello, I am Leo BAEK, CEO of the CalorieCoin team.
Actually I uploaded this colum on chit chat but I think this colum more related this “Tron Discussion”
Our team aims not just to conclude with winning a hackathon but to actively pursue investment and commercialization. I am considering implementing a flexible and adaptable approach to our token operations, including minting and burning, to respond appropriately to external conditions and market reactions.
I believe that making responsible decisions is crucial, and adapting to external environments is essential. Additionally, I want to build a successful and stable token economy through continuous experimentation and validation.
However, this approach may raise concerns about governance transparency, potential abuse, and regulatory scrutiny from exchanges.
I am planning to implement the following strategies and would appreciate your feedback:
Strategy 0: Issue the coin in a demo environment, conduct extensive testing, and then proceed with launching on the mainnet.
Strategy 1: To avoid losing trust due to excessive flexibility, issue a sufficient initial supply of tokens. Allow for token burning and ensure transparent disclosure of the issuance, burning, and liquidity.
Strategy 2: Even after launching on the mainnet, deploy upgradeable contracts through beacon or proxy contracts to adapt to market conditions.
Strategy 3: When implementing burning or additional minting, provide at least one week’s notice to the community and establish a governance process. Additional minting and burning policies should only be enacted following prior consultation and agreement.
We aim to organize the tokenomics in collaboration not only with the CalorieCoin team but also with investors and token holders.
This approach seems to strike a good balance between stability and flexibility. What are your thoughts on this strategies?
I would appreciate your thoughts on these strategies. If you have any additional ideas or policies, please share them. I am committed to analyzing 100 reference cases and implementing the most suitable policies through continuous effort. Thank you!