What's the plan when Harmony hits the coin cap?

Harmony is one of my favorite projects right now, but I’m getting a little concerned about the future.

There isn’t enough use right now generating fees to pay reasonable staking rewards, so what happens when the unmined supply runs out?

All the possibilities I can imagine essentially end with a low amount of staked coins and few validators, uncomfortably centralized.

Is there any plan to burn more to be used as rewards?

  1. wallet activation fees
  2. staking expiration
  3. inactive wallet fees to reclaim inaccessible wallets
  4. unstaking fees
  5. longer staking commitments that distribute rewards weighted toward longer freezes

Oh my god I need to get my money out of Harmony.

What’s wrong. Where are you going. Tell me your fud

My couch is available

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Right now staking rewards are paid by minting ONE. As ONE approaches the supply cap, the only staking rewards available will be gas fees, which are super low. Harmony recently hit the 4 million transfers, and that cost <100 ONE.

The Visa payment network does an estimated 150 million transfers per day. Assuming Harmony got to that point, it would only be generating 3150 ONE per day. Staking rewards would be minuscule. Like well under 0.1%.

So, does the network increase fees? Fast blocks and low fees are two of the strong points.