ALGO is a special kind of “stablecoin”:
- its price doesn’t change (much), when the BTC price increases,
- alas, its value decreases roughly twice as fast (in percent) as BTC value, when BTC price decreases.
This is a TERRIBLE coin from the small investor’s viewpoint.
So, despite ALGO’s technical superiority, BTC rules financially.
To make ALGO more attractive financially, all those, who BURN their BTC (ETH, etc) to a given address,
should be compensated not only with ALGO at the current exchange rate, but also
with possible differential revenues of the burnt crrypto money, to be paid monthly in ALGO, for one year.
So it would be a kind of “insurance”, that they don’t loose (so much) by burning their money,
What do you think?