Hi guys. I have a question. why is so important how many ICX are in total supply? If the total supply will be 800 mil like they say, the price will drop by 50% ?
I don't understand why is so important if total supply is 400 mil or 800 mil. The price will be affected ? On whitepaper they say 50% will be on token sale. that mean 2500 ICX for each ETH (150.000) = 375 mil. I think rest until 400 am for bounty and etc. So they told us from beginning the supply is 800 mil if only 50% is for sale (375 mil), right?
Well its somehow important. Total supply x coin value = marketcap. So all of a sudden MC will be double then what everybody though...
I guess its not that there are 800 million is a disaster. The thing is that nowhere and i mean nowhere in WHITEPAPER or anywhere else in ICON website there is a number of 800 million. The thing is that they just should be more clear.
Now people where fox example calculatin, ok so i think ICON will reach MC of ADA that is 12 billion MC, so if the supply is 400 mill where are ATM at 1.4 billion, so i can make 8x profit. But when you find out that there is actually 800 million tokens MC is sitting at 2.8 billiion. That makes 4x profit if it reaches ADA. So in these terms it is a big deal.
I personally thing this will surpass ADA.. sooner or later
