Perpetual Coin Offering
How do I determine how many coins should be in circulation?
Price elasticity will determine the circulating supply. If someone thinks that following this way, the system can grow only in one direction—i.e., issue new coins at a higher price—they are, of course, wrong.
Each participant has their own reasons behind making transactions—e.g., someone might consider it is a great exit price and cash out, hence they will burn coins and decrease the price of a token in the network. In turn, the price will become an attractive entry option for another participant.
Friedrich von Hayek, a Nobel prize-winner, who published his work about information working for the benefit of society, could be proud of us. Because each project with its currency adds one more indicator of its performance—price and price fluctuation of its currency.