the current layer-1 market has tens of millions of dollars in emissions that go into the market everyday
whether it’s from stakers who sell validator rewards like in $TIA, $SOL, or $ETH
or from miners who sell to cover opex like in $BTC, $LTC, or $ZEC
historically, this has been one of the more valid reasons for creating a layer-2.
by relying on layer-1 security you can essentially run a layer-2 network without massive emissions for security (although many layer-2s have tokenomics with emissions not tied to network operations at all)
SOAP on $QUAI completely changes the economics of layer-1s by utilizing proof of work to match all of the miner sell pressure with equal buy pressure WHILE also increasing the security of Quai Network and PoW other chains
SOAP creates a fundamental virtuous cycle of positive growth while retaining the values of proof of work (censorship resistance, energy based money, low capital requirements, etc)
mining flywheel soon
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