Controlling $LIGHT supply
There's currently no hard cap on the supply of $LIGHT token, making it an inflationary token.
$LIGHT's primary function is to incentivize providing attention to users on web 3.0. Without block rewards, there would be much less incentive to provide attention.
So what are the other ways $LIGHT's supply is limited, to counter inflation?
We aim to make deflation higher than emission by building deflationary mechanisms into Light's products. The goal is for more $LIGHT to leave circulation than the amount of $LIGHT that's produced.
Regular token burns are built into many of Light's products (like a 10% burn of $LIGHT spent on profile creation), with more on the way. Check here for details on present and upcoming deflationary mechanisms.