This is a question to the Stacks community.
SIP-031 introduces a supply change to $STX of 10% more tokens being minted and controlled by the foundation for growth initiatives.
But Trust Machines raised $150M in 2022 to effectively aim to do the same. To grow BTCfi on Stacks.
Is dilution for $STX worth it knowing this is an additional $120M of sell pressure over the next 5 years? As a trader, I will tell you this will undermine the value of $STX, its holders if it doesnât translate to sustainable growth, and results is token price go down spiral in the most likely scenario.
Did Trust Machines spend $150M over the past 3 years?
I think these are questions worth asking before blindly supporting SIP-031
Open to neutral discourse here.
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