- What formula should be used to determine the initial amount of tokens you want to be in your total supply?
- When does it make sense to mint tokens?
- When does it make sense to burn tokens
For question one, would it be simply based on how you would want your token used? For example, I rather have people commonly send 100 myCoins rather than .0001 myCoins and therefore I would need a bigger supply. I guess we would also have to consider the amount of coins that would potentially be used on a daily basis to interact with your dApp.
As for questions two and three, would those be just for simple control over supply / demand? What scenarios would you use mint/burn for?