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Fol707640117 activity

Fol707640117 commented on hi, guys. anyone know about approve and delegate in solana chain?

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Fol707640117
Fol707640117c/solana
2years ago

A stake account on Solana can be used to delegate tokens to validators on the network to potentially earn rewards for the owner of the stake account. You can stake by delegating your tokens to validators who process transactions and run the network. Delegating stake is a shared-risk shared-reward financial model that may provide returns to holders of tokens delegated for a long period.

Fol707640117 commented on Any good news on solana ??

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Fol707640117
Fol707640117c/solana
2years ago

You can always check Solana announcements channel as well as our social media accounts to know all the latest news and updates : ???????????? Medium: https://medium.com/solana-labs Twitter: https://twitter.com/solana Telegram @solanaannouncements you can also subscribe to our newsletter: ???????????? Newsletter: https://solana.com/newsletter

Fol707640117 commented on How function the supply of Solana ? How much is increasing Per month or year ?

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Fol707640117
Fol707640117c/solana
2years ago

Please read this ???????? - The max supply of SOL is theoretically infinite because of inflation. Inflation is currently ~5.25% or so. But it will gradually reduce over time, and in 10 years or so will hit its eventual final value of 1.5% per year. So 1.5% new SOL will be created every year at that point forever thereafter. However, there is also token burn, because 50% of all transaction fees are burned. So it will be a balance of inflationary force (inflation) against deflationary force (burn) and what the effective inflation or deflation will be is anyone's guess. However, it will land at something less than 1.5% per year max because the eventual value will be 1.5% minus burn. - Solana has a deflationary issuance schedule starting out at 8% for the first year and decreasing by 15% until it reaches 1.5% after around 11 years, from which point on it will remain constant. Inflated SOL supply is distributed to those staking (95%) with a small portion going into a treasury to fund development of the Solana ecosystem (5%). Solana transaction fees are paid in SOL and burnt. "