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9.3

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I'have two doubts, If possible please answer accordingly. 1. Why do we have difference between (new tokenomics update paper and actual supply on chain. Acc. to new update total supply should be 14,229,980 REL but as far i can see the actual supply showing on etherscan is 14,254,209.255 REL. There's difference of 24229.2 REL. 2. I didn't understood that how the burn wallet (i.e. 0x000...) could send back REL or sREL to different addresses. txn hash -[https://etherscan.io/tx/0x5331a8b7983acf2c50ee3ec130d5f64358dc1301e0fc9174da3ed5b40dadf7c2](https://etherscan.io/tx/0x5331a8b7983acf2c50ee3ec130d5f64358dc1301e0fc9174da3ed5b40dadf7c2)

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9.3

Stormshades

0 @Stormshades • 2 Years Ago

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#question

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I'have two doubts, If possible please answer accordingly. 1. Why do we have difference between (new tokenomics update paper and actual supply on chain. Acc. to new update total supply should be 14,229,980 REL but as far i can see the actual supply showing on etherscan is 14,254,209.255 REL. There's difference of 24229.2 REL. 2. I didn't understood that how the burn wallet (i.e. 0x000...) could send back REL or sREL to different addresses. txn hash -[https://etherscan.io/tx/0x5331a8b7983acf2c50ee3ec130d5f64358dc1301e0fc9174da3ed5b40dadf7c2](https://etherscan.io/tx/0x5331a8b7983acf2c50ee3ec130d5f64358dc1301e0fc9174da3ed5b40dadf7c2)

@DrEllisJaruzel • 2 Years Ago

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You appear to be confusing the Dead and Null addresses on the Ethereum network. You may wish to educate yourself about how ERC token generation works in general. There are multiple ways to "burn" tokens depending on the type of contract. Some contracts mint a fixed supply of tokens and burn to Dead (supply permanently goes down). Some contracts have elastic supply where tokens are released from and returned to the Null address (supply can fluctuate up or down). REL will be switching to a fixed inflation contract. sREL will be variable depending on staking and unstaking.

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@DrEllisJaruzel • 2 Years Ago

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You appear to be confusing the Dead and Null addresses on the Ethereum network. You may wish to educate yourself about how ERC token generation works in general. There are multiple ways to "burn" tokens depending on the type of contract. Some contracts mint a fixed supply of tokens and burn to Dead (supply permanently goes down). Some contracts have elastic supply where tokens are released from and returned to the Null address (supply can fluctuate up or down). REL will be switching to a fixed inflation contract. sREL will be variable depending on staking and unstaking.

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Stormshades

@Stormshades • 2 Years Ago

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Ohh really enlightening reply ,Btw i wonder why this update wasn't having any severe effect on pricing.

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Stormshades

@Stormshades • 2 Years Ago

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Ohh really enlightening reply ,Btw i wonder why this update wasn't having any severe effect on pricing.