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Deployer
@deployer
There's 11,575.131 $PHAM reserved to back The Ham LP NFTs. So each will start backed by 11.575131 $PHAM As they are burnt that backing increases.
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Alex Mack ποΈ
@alexmack
okay I read the docs and I'm really sorry if this is a super dumb question. But what's the benefit of burning the NFT if we could have it worth more as the burn continues? again sorry for having two brain cells lol!
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Deployer
@deployer
this is the best i can do
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Alex Mack ποΈ
@alexmack
LOL so if I burn, I get the amount of Pham allocated? So its basically like unstaking right? sorry Im just mechanics dumb, but v bullish on Pham so feels like my choice would be to hold? NFA ofc ;)
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Kyle ππ¦πΉ
@kylrich
Jumping in, itβs essentially a bonding curve. If first to burn get the least, if last to burn get the most. RN tbh there is a premium to buy the NFT. Could be better just holding tn100x but inherently $pham benefits too. The bet is the premium you pay now will be a discount later.
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Alex Mack ποΈ
@alexmack
thanks Kyle! Appreciate that - based on that I'll hold, bullish on $pham and @deployer and ham ecosystem. thanks for taking time to explain - π x100
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