How Does the Issuance Schedule of a Token Influence Its Long-Term Intrinsic Value?

The issuance schedule, which dictates the rate and timing of new token creation, is a critical determinant of long-term intrinsic value. A schedule with high initial inflation followed by a sharp reduction (a "halving" model) creates a predictable path to scarcity, which supports long-term value.

An unpredictable or excessively high-inflation schedule creates uncertainty and dilution, depressing the intrinsic value by reducing the future purchasing power of the token.