D-Hash’s perpetual Bitcoin hashrate token DHM performs better BTC volatility hedge than the classic mining. This is largely due to its deflationary, buy-back and burn system.
Suppose D-Hash destroy 10% of the recycled DHM, the system can not only hedge the BTC pull-back 3% better than the classic mining, it also upgrades the hashrate and increases the token’s production capacity by 0.004 BTC. Here is the detail：
Deflation — Buy-back and Burn
The actual mining revenue is highly correlated with BTC price. Between Jan 9th to Jan 13th, Bitcoin fell 15%, tumbling from $41,051 to $34,859 — the sharpest pull-back since last October. At the same time, mining revenue dropped 22%.
DHM would yield a smoother downward slope. By repurchasing and burning 10% of its total supply, DHM profits would fall 19.15% when the classic mining falls 22%. On top of that, D-Hash opens channels to investors to recycle the tokens, where D-Hash will repurchase them at a discounted rate.
Through the buy-back burning mechanism, every token’s production capacity increases by 0.004 BTC.
D-Hash spends 20% of the total mining revenue on buy-back and burning and assures the total hashrate supply, operation, maintenance and production capacity.
Under such a model, the stakers will get the benefit of money destruction, as the number of stakers, or DHM shareholders, reduces.
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