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Controlling CHIMPY supply

Why CHIMPY has no hard cap

There's currently no hard cap on the supply of CHIMPY token, making it an inflationary token.
Community members often point to this as a cause for concern, and while the gorillas certainly understand the wish for a hard cap, there's a big reason we don't expect to set one in the near future:
CHIMPY's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees etc. would remain).
So what are the other ways CHIMPY's supply is limited, to counter inflation?

How CHIMPY supply is reduced without a hard cap

The gorillas aim to making deflation higher than emission by building deflationary mechanisms into ChimpySwap's products. The goal is for more CHIMPY to leave circulation than the amount of CHIMPY that's produced.

Reducing block emissions

By reducing the amount of CHIMPY made per block, we slow inflation. But we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.

Deflationary mechanisms

Regular token burns (view burn address) are built into many of ChimpySwap's products (like a 10% burn of CHIMPY spent on lottery tickets), with more on the way. Check the CHIMPY Tokenomics page for details on present and upcoming deflationary mechanisms. โ€‹