It is interesting to know that, the Transformers community continues to grow with the right deliverables released by the team on a daily basis. One of these is the AMA sections which Samest one of the Community Managers for the project hosts every Wednesday.
Here is the Recap of last Wednesday's presentation.
Titled: TFSC, Ecological Economics
He started by saying, that the use of blockchain in environmental economics provides new and more flexible ways of sharing data and information, as well as innovative tools for blockchain data storage, overcoming the difference between private limited information and fully open public information.
He mentioned that At Transformers, decentralization, Autonomy, Equality, and Freedom are the development ideas which make attracting countless Web 3.0 entrepreneurs to change the world with a strong gravitational force like the sun is made possible.
The first statement mentioned was, Before the mainnet launch, understand that the core players of Transformers are the Clients and the Validators.
To promote a long-term sustainable system and at the same time achieve a healthy self-governing economic cycle, Transformers Chain comes up with long-term incentives for its network participants and also ensures long-term security and decentralized character of the network, as revealed by Samest.
He continues to say, with the understanding that the core players are Clients and Validators, these individuals provide a secure and decentralized network base for various interactive behaviours on the Transformers chain.
Furthermore, the incentives prepared for them (Clients and Validators) are based on a protocol algorithm and it's called the long-term inflation in the TFSC.
He also revealed that all interaction on TFSC is charged with an insignificant transaction fee.
The above fee compensates the validator and is a calculated-based compensation on the traffic timestamp.
On the Transformers chain, Destruction Protocol is identified and is responsible for destroying the founding block shares systematically to maintain a balance of economic development, hence, the stability of the network is certain.
When talking about inflation in the Transformers chain, there are some terminology we need to explain:
Total supply of the TFSC: This is the sum of the generated and planned inflation segments of the founding block. If you say how much is it, The total supply of TFSC cannot be estimated, as the trade inflation. However, there is a total circulating supply
Total circulation supply of the TFSC: According to time, add 70,000,000 TFSC in the initial block to TFSC with inflation output, and minus the TFSC destroyed by destructive events.
Inflation time cycle: Transformers go in time by year, from the highest inflation value designed, it will gradually reduce by 12% of the maximum initial inflation rate annually until the stability is a long-term inflation value.
Inflation rate: the annual growth rate of TFSC under the current total supply, which will vary depending on the time and the total stake, values will differentiate at any point in time, to meet the liquidity requirements of the TFSC. For every 1% increase in the total stake, the inflation rate will reduce the initial inflation rate by 1.35% until inflation stabilizes in the long term.
Stake yield: The return earned during TFSC in transformers network, we may interpret it as an interest on bank deposit; it is calculated in years, assuming Valfier stake 1000 TFSC, the annual yield on stake is constant at 20%. You will receive 1000 20%=200 TFSC within one year of the staking period. The trustors can obtain the TFSC generated by the TFSC by staking a certain amount of TFSC.
There is more to learn about the Transformers Chain, join every Wednesday on Discord and enjoy the real information about the Transformers Network.
The AMA section lasted for 1 hour, and 15 minutes with 36 numbers of participants.
Website: http://tfsc.io/
Join the server: https://discord.gg/transfomerschain
Follow me on Twitter: https://twitter,com/olapadesam00
