I received an email informing about the acceleration of TradeConnect development and the update of the website. But the listing has no date yet defined... Waiting for the market to recover is very relative. Who guarantees that this will happen. As always the same excuse...
They do not want to make a listing on the exchange because it will be very difficult for them to sell their tokens on this bear market. But promising everyone "soon" makes things worse, they have no chance.
Alot of exchanges have started last year even, hardly any get above $5m USD in volume a day, this token from appearance had said they had the product fully developed. Untrue, they were also going to share 5% of their .2% trading fees let's break that down.
100,000,000 volume * .002 = $200,000 in fees if everyone shares the same fees (unlikely) * 5% = $10,000 divided amongst all of the sold out tokens....
10,000 / 500m, sorry that's incorrect they changed their total supply to make it look like it sold out.
10,000 / 21m = $.0004 per token held, which will decrease as bonus tokens get released.
So let's assume $ .00015 daily per token held, that's pretty good, then costs of sending that over drops it to $.0001 per day per token still pretty good except 100m volume must be achieved at a .2% trade fee rate.
In reality:
It'll look more like:
5m * .002 * .05 = 500 / 21m = .000002 USD per token held.
Hi Outsourced,
I'm not quite sure where you are getting your numbers from, but your calculation is completely wrong. Either you have chosen to ignore what was said in the Whitepaper or you have got things the wrong way. If you go to Staker Distributions in our Whitepaper you'll be able to read everything. It is not based on total supply, it will be based on Monthly Staking Contracts and Distributions will be based on participation.
Please let me know if anything in unclear.
Best regards,
Caroline
Marketing Project Manager at ThinkCoin
