/biz/ - Business & Finance

Going to bed I better be rich when I wake up.

AVAx is Rugging as we speak

I used to love AVAX and thought it belonged in a robust bear market portfolio. But I tried to scour the internet in order to ascertain its emission schedule. The closest I could find was Messari pegging its inflation rate ~20%. I looked at their tokenomics whitepaper, and the most it says is the emission rate. The total cap % starts at much higher thresholds than BTC's emission schedule does which may explain the high inflation rate. But why hold this coin over the bear market if my investment get's absolutely annihiliated due to inflation? Yes I know AVAX burns the transaction fee and it's "deflationary", but that strikes me as a buzzword. Inflation (in the case of currency supply) is a function of currency created and currency destroyed. If more currency is created than destroyed, it is inflationary, and vice versa. If AVAX legitimately is a good crypto I want to invest into it, but this inflation gig is a huge catch.