Strive CEO Announces SATA Issuance Mechanism Will No Longer Default to Automatic Inflation at $100
Matt Cole, CEO of Strive, announced on the X platform that in the future, SATA will no longer default to automatic new coin/token issuance at $100. However, the core goal surrounding SATA remains to anchor its price at $100 and minimize long-term volatility. Matt Cole pointed out that unless otherwise communicated, investors should not assume Strive will automatically issue additional SATA at the $100 price level. However, under normal market conditions, the mechanism could still "potentially occur." The current market environment is "not normal," so the company needs to retain greater flexibility in issuance decisions, which also aligns with long-term shareholder interests and SATA's stability objectives. Overly mechanized issuance rules could be exploited by market behavior, increasing volatility risk over the long term. Therefore, an excessively rigid mechanism design will not be adopted.
Furthermore, whether Strive suspends issuance or takes other measures will be entirely based on management's assessment of long-term shareholder interest and stability. The company will not provide advance "specific operation previews." It is expected to reference market data such as short interest ratios and borrowing costs, but will not rely on any single indicator.
