USDC payments with a ~20% take-fee that buys and burns AKT
Akash Weekly - November 2nd 2022 (Akash Network)
“The current plan is to enable a USDC payment on top of Akash that’ll convert to AKT and settle in AKT… if you are paying in anything that’s non-AKT currency you pay the tax, and the tax will be used to buy AKT off market and burn that AKT… we’re proposing about 20% tax… it improves user experience and at the same time it increases AKT value through burning.” — 00:42:09
Context: Answer on fiat payments and tokenomics; he adds at [00:47:51] that with the AuthZ custodial-wallet design “we are the only protocol, as far as I can tell, that has figured this out” for compliant credit-card payments.