kaal:claim:3396542-019

Because the total supply of tokens grows at a constant rate each period, the value of individual tokens depreciates over time.

Source quote, verbatim

Note that as the total number of tokens is growing at a rate of ρ per period, the value of individual tokens will depreciate over time.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), V. MODEL, 2. Value of Tokens in Steady State, p. 17
https://ssrn.com/abstract=3396542 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542

Holds when

token supply growing at rate rho per period

Classification

mechanismsupport: arguedtokenomicseconomicsdao

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