This week Electronero core will announce supporting exchanges and trading pairs!
how will you prevent Electroneum from depressing prices of ETNX for years to come when they will control close to 7 billion coins outright with a 1:1 swap? they could sell 1 million coins a day for 20 years, how will you create enough demand to sustain that, I just don't see how this coin doesn't get destroyed quickly with that looming over its head...
(quoting one of the "selling points" of this coin in the first posting of this thread)
"""another 7 billion is apparently being held up to feed the mobile miner. These extreme figures represent a big risk for users due to a large amount of capital being controlled by the ETN team"""
P.S. side note, you doubled this very problem setting some aside YOU control for the mobile miner, plus and almost equal amount set aside for you, so you tripled the problem you use as a selling point why we should use this coin.
Different token supply so we don't agree the numbers are simply not the same at ETN they conquer 56% of the token supply at ETNX we have 6% of the total token supply. Which do you choose ?
you once again are dodging the question...
with Electroneum having 7 billion ETNX under its control, how will you stop Electroneum from selling 1 million coins a day and depressing prices of ETNX for the next 20 years? thats how long it could take to sell through 7 billion...
they have no reason to keep your copy coin, so why wouldn't they sell a constant stream of them in order to use that money to fund their own coin, you keep dodging how you plan to deal with this very big reality for investors...
In the grand scale you are still not taking into consideration the new ETNX token supply of 210,000,000,000
1 million ETNX traded per day is not going to effect market value negatively if they (ETN
DEVS) want to pay the fees at the local markets then they are more than welcome! I am sure Electronero exchange partners will take that into consideration and the volume will simply help influence ETNX growth on larger markets. I repeat, 7bb ETN (albeit 7bb ETNX after the hard fork) in the scope of 210bb ETNX total token supply is not more than 4% of ETNX total token supply at risk of ETN control... From ETN perspective again I repeat they control 56% of ETN coin supply! ETNX is decentralized, that is our move against market manipulation which they currently have a stranglehold on ETN!
once again you dodged the point I made... your attempt to diminish my statement as "its such a small amount of the total supply" does NOTHING to address the supply/demand issue when someone is dumping a million coins a day, or maybe 10 million coins a day, EVERY SINGLE DAY for years, depressing any demand because nobody wants a coin that is forever stuck in one spot or sinking because others now sell theirs off as well...
how can you claim exchanges might solve this??? supply and demand is what it is, and when a million coins are being dumped, the price of this coin surely would never rise, how can this coin succeed when 7 billion coins from your "competitor" could be used any given time to destroy its value for investors? nobody can afford to invest in something THIS risky to manipulation, and really its not even manipulation, they have no need to keep your coin, every reason to sell it and use those funds for their coin, how can YOU solve this, you can not, and thats the problem...