61.8% of all the $ICP staked, is now locked for 8 yearsđThis means that 26.8% of the supply is currently locked for 8 years and may not be sold.
In the last year the amount of ICP locked for 8 years increased by 8M ICP, while the total supply increased by 14.5M (Inflation).
This means that 55% of the ICPs that are minted due to the Inflationary mechanics are re-stakedâ
This is why the launch (& marketing) of @caffeineai âïžwill be extremely important. If we can reduce the inflation & increase the number of new holders, the amount staked (or re-staked) should dramatically increase while the number of ICPs minted should decrease.
The ICP tokenomics are really good if (and only if) we achieve adoption. This is why I am insisting so much on the marketing of âïž. If we do this properly, ICP has a great chance of success as it has a very powerful product (âïž & the capabilities of the Blockchain are fantastic).
Time is tickingâïž
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