WOW 730,000 BCY burned for November, and Spells of Genesis is not even fully launched.
At this pace we should see the number of existing BCY fall considerably.
Well done to the team, keep them cards coming!
Yes, at this rate, BCY price will rise considerably even without extra demand.
Now imagine when the game is launched and will transfer all Moonga players in here. To the MOON
Few other coins attempted market manipulation by (constantly) burning a part of coin supply (see Chancecoin) but it never worked, pretty much the same as high stake PoS coins that all failed. Nicely packed scams but you can continue thinking that 1 BCY will be worth 1 BTC one day because they are so few.
In the end, the only ones who will make decent profit out of this whole deal are developers, well played so congratz!
So... you just don't understand or you troll, I don't know yet but burning coin is not market manipulation for sure.
Chancecoin did not worked because gamblers have not been attracted to the game...But if it has been as much succesfull as just-dice, the coin would have raised in value a lot.
BCY is not really a coin it is more a share in the company, nobody will pay their cofee with BCY, it is not the goal.
Indeed if the game does not work, nobody buy card then BCY will worth nothing as the company....Actually the price of BCY will reflect the health of the company.
The company own some BCY, of course they sell some of them, otherwise the company would have no interest to have some...But when they sell BCY they loose shares in their own company.
The only risk is if the company is short sighted, by selling their BCY in 1-2 years then close the project, there it would be a scam, but the fact of burning coins is not the scam.
