At an
#ICP price of $10, NNS node providers' monthly rewards could drop to around 120K ICP.
At $100 per ICP, that could drop to around 12K ICP monthly.
At $1,000 per ICP, it could drop to around 1,200 ICP monthly.
And so on... 🚀👌
As the price of
$ICP increases, the same dollar-denominated rewards require fewer ICP tokens to be issued.
Higher ICP price → fewer ICP tokens needed for rewards → less new ICP entering circulation.
Now couple that with the potential ICP burning from the
#ICP Cloud Engine as it generates revenue, and the supply dynamics could become very interesting. 🔥🚀