#SHOWMEEASYF_02 What is the economic model of the token?
🎬 #ShowMeEASYF_02 What is the economic model of the token?
💡 We have developed a strong economic model for EASYF token based on holding, buyback and sustainability mechanisms, so that its value increases over time.
1️⃣ Holding: Companies and institutions willing to hire any of our 6 services will need to hold a minimum amount of EASYF tokens beforehand. Moreover, applicants to being juror of the protocol will also need to hold a minimum amount of EASYF if they want to become eligible for the position.
2️⃣ Buybacks: Some of the income flows we will get by commercializing both our 6 services we are developing for companies & institutional clients and our legal advice services will be used to carry out EASYF buy-backs in the open market.
3️⃣ Sustainability: The repurchased EASYF tokens will be sent back to the smart contract in order for them to join EASYF’s total supply, in order for them to get minted again in the future by the protocol, so they get out of circulating supply. Moreover, users willing to level up in our loyalty system will need to hold a specific amount of EASYF tokens, yet to be decided, based on the level.