Under a deflationary token issuance model, which caps the number of tokens ever issued, prices are expected to increase because of the fundamental scarcity of token supply.
Source quote, verbatim
With a deflationary method, prices are expected to increase due to fundamental scarcity of token supply.
Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886
Holds when
deflationary token models such as Bitcoin
Classification
mechanismsupport: arguedtokenomicseconomics
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