I totally get your concerns about ICP and XDR situation. It’s a bit puzzling that there hasn’t been a clear explanation from the ICP tokenomics architect on the philosophy behind it. Now, since I’ve been in the ICP game from the genesis, I can make speculative guess the rationale behind it.
So, it looks like they’re going for a more inclusive approach compared to other blockchain projects. You know, steering away from the whole early supporter exclusivity thing. The idea is to make it easy for latecomers by introducing features like reverse gas fees and letting developers pay canisters in XDR. This way, you can host your project any time in the future without worrying over ICP’s price doing somersaults.
And here’s the governance twist—they want to keep ICP affordable for late adopters. That’s where the inflationary nature of ICP and the whole XDR minting dance come in handy. It’s like a balancing act to keep ICP’s value growing organically.
Now, here’s the kicker—ICP isn’t just for anyone and everyone. You don’t necessarily need to own ICP to run your project; it’s more for the serious folks into governance. They seem to be downplaying the speculative perks of holding ICP for those looking for a quick win.
Lastly, the tokenomics seems designed to give the spotlight to project tokens on top of ICP. Unlike other setups where the base layer steals the show, they want to make sure those project tokens shine without being overshadowed. Quite a departure from the norm, right?