.," Bishop said, describing the essence of Kelp."It's a hybrid of the two that adjusts its supply to inflation in the real economy and maintains its purchasing power over time. We use a monetary theory called the quantity theory of money. It is codified in our protocol, which monitors economic activity and predicts the ideal circulating supply to maintain price stability.", uses various economic indicators to understand market conditions.
He then delved into the seed phase they're going through:"Part of the initial phase is getting Kelp Protocol to make accurate predictions, so we do a lot of simulations to figure out what the expected effect is. There are algorithms that determine interest rates and token release strategy, which is our guiding protocol for the seed phase. For people who want to sell, we have Liquidity Guard.
According to Bishop, Kelp prioritizes building a large user base and targets 1-2 million users for the official launch. They are allocating 25 billion Kelp tokens through the Kelp Reservation Program, which can be earned through referrals or by completing gamified tasks. All of this is available through the Kelp app, which also serves as a self-custodial Web3 wallet.
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