$CULT averages 5-10M 24h volume currently, with highs of as much as 100M every 24 hours. Of this volume, 0.
12 May 2022, 13:09
$CULT averages 5-10M 24h volume currently, with highs of as much as 100M every 24 hours.
Of this volume, 0.4% goes into the treasury
1 Guardian can submit 1 proposal at a time. So the maximum amount of proposals that can pass every 5 days is 50, so a max of 10 proposals or 130 ETH out of the treasury and back into circulation a day.
With ETH at 2K per coin, 1 million USD of volume is 20 ETH worth of CULT taken out of circulation.
So if every Guardian submitted one proposal every 5 days forever, 7M volume sucks more OUT of circulation than can EVER be put back in.
And the above doesn’t even count for all the burns 🤡🔥🔥
Watch the tokenomics 👇🏼