What a crazy day! I woke up this morning and checking CMC, like I always do. Oh man, COLX is up a pretty good chunk, nice! I hand out drink coffee..etc.. Check again before heading to work. Ummm, let me refresh that again. Holy cow! over a penny! Already?!
Don't get me wrong, I believe in the project and thought it would easily hit 1 penny at some point, just not so soon. I've heard a lot of folks saying they have taken profit out of Verge and invested into COLX. My hope is that we will reach a base of support at maybe .008ish? Then get ready for another big ride up to 2-3 cents perhaps.
Does anyone know what the actual circulating supply is now? That would be helpful in trying to figure out what a realistic number is we could get to.
If the actual circulating supply is say 11ish billion. We'd would need to be about .018 to get into the top 100.
Don't get me wrong, I believe in the project and thought it would easily hit 1 penny at some point, just not so soon. I've heard a lot of folks saying they have taken profit out of Verge and invested into COLX. My hope is that we will reach a base of support at maybe .008ish? Then get ready for another big ride up to 2-3 cents perhaps.
Does anyone know what the actual circulating supply is now? That would be helpful in trying to figure out what a realistic number is we could get to.
If the actual circulating supply is say 11ish billion. We'd would need to be about .018 to get into the top 100.
Yes, Crazy! And totally amazing too... most definitely one of the best days I've ever had for sure! Apart from 2 people completely failing to get my 100k Pizzas!! lol
Here's the info you asked for and I look forward to seeing your computations and synopsis... (y)
The coinswap from CV2 to COLX has ended. You can see the (near) final tally of coins on NovaExchange's details page:
https://novaexchange.com/coinswap/147/
12B coins were generated in the first COLX block for the swap.
10.309B coins were actually swapped
There's still some manual swaps to process, but I can't imagine its in the hundreds of millions. We can round that up to 10.4B to be overly cautious though.
That means about 1.6B were not swapped.
5% of unswapped coins are going to a dev-fund for marketing and bigger exchanges -- 80M coins
That leaves 1.52B coins to be burned and an initial total supply of only 10.48B coins
So total supply will 87% of launch supply. Since launch, the block reward has been 2500 COLX per block.
For 4 months, that means 432M.
That means in early January, the total supply will be just under 11B.
The block reward is halving in early January to 1250 and around May will lower again to 1000, which means growth will slow down in 2018 a lot.
All of the above means:
* It will be a long time till we hit the 12B total supply mark
* 80M coins (21BTC at current 27 sat rate) is now in the devs hands for marketing and hitting bigger exchanges)
Both of those are great points for Colx and only should help it grow even more.
Congrats dev team!
