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The advantages of $sato never fully minting out
The mechanism that Sato's minting can never be fully completed is an established fact. Actually, this is very good. First, the official mint price can continue to increase in the future. Second, most importantly, the burn, which is the official website buyback price, does it also mean it can be raised permanently? According to the previous theory that it can be fully minted, the final mint price will always stay at around $5.50. Correspondingly, the official buyback price would be around $2.60. It’s impossible for Sato to rise to $100 in the future while the buyback price remains at $2.60, right? That would create huge psychological pressure for new users entering the market. The official buyback price would be essentially meaningless to them.
Therefore, I personally believe that never fully minting out means there is always room to increase the burn, which is the space for the official buyback price to rise. It provides a psychological comfort for new users at each stage, with the idea of “accepting defeat and losing at most half.” Additionally, another situation will likely occur: as mint output drops significantly, the tokens in the secondary market will become extremely dispersed over time due to turnover, eventually forming a scenario similar to Bitcoin’s current state. This is also the real situation that the Sato white paper describes as being highly synchronized with Bitcoin’s correlation. So, the design of this mechanism in Sato is truly very clever. Recent imitators have failed precisely because they removed this “never fully minting” mechanism. Even if they are profitable in the short term, they will eventually come to an end.
Feel free to leave comments and discuss any shortcomings.