For days I have been thinking about a dynamic transaction pricing system, whether related to cycles or a fixed sum.
This makes a transaction come out the same when the token was worth 50 that it is currently worth 5 and when it is worth 500 it comes out the same.
I’d be surprised if a research team hasn’t thought of all the possible ways to motivate burning, I think they already have… That’s why I didn’t post my thoughts, I think they already thought about everything and everything has a logic.
It could also be used to reduce volatility. If the price is very low ($5) it generates an extra burn by increasing the price, if the price is very high ($1000) it generates less icp burned per transaction.
Maybe someone from the team can comment on thoughts about it. @dieter.sommer @THLO @domwoe @diegop the work they do is appreciated!!
Thank you very much !