Resource Tokens, Token Destruction and Governance: Interpreting aelf’s Economic & Governance Whitepaper
The Bancor model is adopted for resource token transactions, including determining transaction price, and there is no inquiry process. When the price of these resource tokens fluctuates, more developers, speculators and users will pay attention to the aelf ecosystem through the news and social media, thus bringing a longer-term incremental dividend.
At the same time, because the resource Token is deeply bound to Elf in the circulation process, both production nodes and developers can negotiate the price and Token use, which also indirectly enhances the governance and participation of each role in the aelf ecosystem. There are two Referendum Governance Models in aelf, the first is to execute a transaction after meeting the set conditions (yes/no/abstention), and the second is to set options, which the user chooses according to his opinion.
