Looking across the entire blockchain industry, most public chains still follow the route of 'high inflation + high subsidies'.
In the short term, this approach can indeed bring some popularity, but over time, inflation will gradually erode user confidence.
The ultimate result is that the project loses its attractiveness and the vitality of the ecosystem gradually declines.
Kava's zero-inflation mechanism stands in stark contrast to these projects. Without inflation, it can still provide incentives through a strategic treasury.
Incentives are more precise, the efficiency of fund usage is higher, and the long-term value of the tokens is also guaranteed. It can be said that this is a complete subversion of the old model.
Therefore, in the comparison within the industry, Kava's advantages are becoming increasingly obvious. It proves that the development of public chains does not necessarily have to rely on inflation for support. As long as the mechanisms are reasonable and governance is transparent, the ecosystem can also thrive.
