Amnext 3.0
Controlling AMC supply

Why AMC has no hard cap

There's currently no hard cap on the supply of AMC token, making it an inflationary token.
here's a big reason we don't expect to set one in the near future:
Amnext's primary function is to incentivize deposit into the Prize pools for generate bigger Prize Rewards. Without block rewards, there would be much less incentive to provide liquidity.
So what are the other ways Amnext's supply is limited, to counter inflation?

How AMC supply is reduced without a hard cap

The team aim to making deflation higher than emission by building deflationary mechanisms into Amnext Protocol. The goal is for more AMC to leave circulation than the amount of AMC that's produced.

Reducing block emissions

By reducing the amount of AMC made per block, we slow inflation. The first reduction in block emissions effectively reduced the number of AMC produced from 40 AMC per block to 25. But we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity and so generate bigger Prize Rewards.

Deflationary mechanisms

At present:
  • 9.09% of the AMC generated with the REWARDS will be sent to developers multi-sign address and then burned.
  • 5% of AMC will be burnt Daily/Weekly (Loot Box AMC Amount)
Check the AMC Tokenomics page for details on present and upcoming deflationary mechanisms.