Guys, let me share you something from one of our community, Regarding the burn program and the 10% fiat burn on the token.
Thien, [16.07.19 00:16]
Quite the opposite, that is a dream comes true, not pesimitic! Let me tell you guys what needs to happen before the supply of MZG go to 0.
Imagine there is a group of people whose only goal in life is to buy MZG and burn until there's no MZG left. They would need to work their ass off superhard to make money consistently and to buy MZG from all investors on a regular basis. This group consists of highly educated people, i.e. engineers and doctors. In sum, they make about $50k / day. Everyday, $50k is spend buying MZG and burn them. Millions of MZG get burned daily by this group.
Investors slowly realize that there is this group with an undying passion to burn MZG. The investors then set their price a little higher, say ($0.5/MZG), because they know eventually this group will buy after all the cheap sellers run out of MZG.
Then, the group proceed to buy all MZG under $0.5, but they need to keep burning because that's their only goal in life, so now they are forced to buy MZG at $0.5 from the smart investors. However, the group is still making $50k / day, so the rate of MZG getting burned is lower to 100k MZG / day. If they keep up with this rate, they will be able to burn out all MZG in 30 years.
However, the smart investors then say "Hah, they seem very thirsty for MZG, let increase the price, to $1 / MZG, see if they would buy it". Still, that group keeps buying. The smart investors again say "Hah, they are still buying, let increase the price to $5 / MZG". The group has no choice, but keep buying, because their goal is to burn out all MZG.
Now at $5 / MZG, they can only burn 10k MZG / day. That takes them more than a century to burn out all MZG. "Nope, we need more money to buy MZG, let's rob banks", said the leaders of the group. They change from engineers and doctors to thiefs, highly organized ones. They now make $10m / day in sum.
After a year, they buy a total of 500m MZG all under $10k / MZG. At this point, over 70% of MZG are gone. There are around 300m MZG left in circulation. This group feels satisfied. They are doing good, keep on robbing banks and buying MZG.
One day, a smart investor, investor A, freaks out, "WTF is this mysterious group, they keep buying MZG like crazy, soon or later people who sell under $30k will lose all their MZG, I'll wait until then and sell mine at $30k".
6 months later ...
Investor A: "No way, they bought half of my MZG already, OMG, quick, cancel the order, phew, I manage to keep half of my stack, I'll sell this for $50k, soon or later they will reach it"
6 months later ...
Investor A: "TF, they reach it again, cancel, cancel, I'll sell at $100k this time, if they reach it, I will let them buy and retire".
1 year later ...
The group manage to buy off another 300m MZG, including investor A's stack, there are now only around 200m MZG left in circulation, each selling at over $100k. Making $10m / day, the group can only acquire 100 MZG daily. That isn't good, so they organize more crimes across the globe and increase their income to $1b / day.
They keep on burning. The price of MZG also keeps increasing as sellers are running out of MZG. The group keeps finding ways to increase their income as the price of MZG rises. After 5 years, MZG is now selling at $1m / each. After another 10 years, MZG sells at $10b each, and there are only 100 MZG left in the market. Investors C, the biggest whale at the time, with a HUGE stack of 10 MZG, knows the goal of the group very well, so he sells off 9 of his MZG for $90b and keep 1 MZG left. He is then ranked the second richest man in the world at that time with a networth of over $90b.
After a decade, the group manages to buy off all MZG, but 1. The 1 MZG that investor C keeps for himself. The group becomes outragous, they place a buy order at $300b / MZG but investor C doesn't sell. They push it up to $500b / MZG, investor C doesn't sell. They push it over $1,000b / MZG. Investor C sells 0.1 MZG, and become the richest man in the world, still keeping 0.9 MZG. The group then understands that they won't be able to buy it with money.
------
With group members all around the world including even economic and military leaders. The group rises up in arms, attacks, kill the President and conquer the US. After that, they proceed to figuring out the identity of investor C. They offer him the United States of America along with all of their asset acquired from crimes worth over $900trillion in exchange for his 0.9 MZG. Investor C agrees and progress on to be the richest man in the world while ruling the richest country ever in history.
Finally ... the last bit of MZG is burn. The members of the group then turn back from organized criminals to doctors and engineers, live happily onward as they have reached their ultimate goal in life, burning all available MZG, reducing its supply to absolute 0.
Lesson learned: Want to be the richest man in the world and the president of the US? All you need is 1 MZG before the supply goes to 0.
Thien, [16.07.19 00:16]
Quite the opposite, that is a dream comes true, not pesimitic! Let me tell you guys what needs to happen before the supply of MZG go to 0.
Imagine there is a group of people whose only goal in life is to buy MZG and burn until there's no MZG left. They would need to work their ass off superhard to make money consistently and to buy MZG from all investors on a regular basis. This group consists of highly educated people, i.e. engineers and doctors. In sum, they make about $50k / day. Everyday, $50k is spend buying MZG and burn them. Millions of MZG get burned daily by this group.
Investors slowly realize that there is this group with an undying passion to burn MZG. The investors then set their price a little higher, say ($0.5/MZG), because they know eventually this group will buy after all the cheap sellers run out of MZG.
Then, the group proceed to buy all MZG under $0.5, but they need to keep burning because that's their only goal in life, so now they are forced to buy MZG at $0.5 from the smart investors. However, the group is still making $50k / day, so the rate of MZG getting burned is lower to 100k MZG / day. If they keep up with this rate, they will be able to burn out all MZG in 30 years.
However, the smart investors then say "Hah, they seem very thirsty for MZG, let increase the price, to $1 / MZG, see if they would buy it". Still, that group keeps buying. The smart investors again say "Hah, they are still buying, let increase the price to $5 / MZG". The group has no choice, but keep buying, because their goal is to burn out all MZG.
Now at $5 / MZG, they can only burn 10k MZG / day. That takes them more than a century to burn out all MZG. "Nope, we need more money to buy MZG, let's rob banks", said the leaders of the group. They change from engineers and doctors to thiefs, highly organized ones. They now make $10m / day in sum.
After a year, they buy a total of 500m MZG all under $10k / MZG. At this point, over 70% of MZG are gone. There are around 300m MZG left in circulation. This group feels satisfied. They are doing good, keep on robbing banks and buying MZG.
One day, a smart investor, investor A, freaks out, "WTF is this mysterious group, they keep buying MZG like crazy, soon or later people who sell under $30k will lose all their MZG, I'll wait until then and sell mine at $30k".
6 months later ...
Investor A: "No way, they bought half of my MZG already, OMG, quick, cancel the order, phew, I manage to keep half of my stack, I'll sell this for $50k, soon or later they will reach it"
6 months later ...
Investor A: "TF, they reach it again, cancel, cancel, I'll sell at $100k this time, if they reach it, I will let them buy and retire".
1 year later ...
The group manage to buy off another 300m MZG, including investor A's stack, there are now only around 200m MZG left in circulation, each selling at over $100k. Making $10m / day, the group can only acquire 100 MZG daily. That isn't good, so they organize more crimes across the globe and increase their income to $1b / day.
They keep on burning. The price of MZG also keeps increasing as sellers are running out of MZG. The group keeps finding ways to increase their income as the price of MZG rises. After 5 years, MZG is now selling at $1m / each. After another 10 years, MZG sells at $10b each, and there are only 100 MZG left in the market. Investors C, the biggest whale at the time, with a HUGE stack of 10 MZG, knows the goal of the group very well, so he sells off 9 of his MZG for $90b and keep 1 MZG left. He is then ranked the second richest man in the world at that time with a networth of over $90b.
After a decade, the group manages to buy off all MZG, but 1. The 1 MZG that investor C keeps for himself. The group becomes outragous, they place a buy order at $300b / MZG but investor C doesn't sell. They push it up to $500b / MZG, investor C doesn't sell. They push it over $1,000b / MZG. Investor C sells 0.1 MZG, and become the richest man in the world, still keeping 0.9 MZG. The group then understands that they won't be able to buy it with money.
------
With group members all around the world including even economic and military leaders. The group rises up in arms, attacks, kill the President and conquer the US. After that, they proceed to figuring out the identity of investor C. They offer him the United States of America along with all of their asset acquired from crimes worth over $900trillion in exchange for his 0.9 MZG. Investor C agrees and progress on to be the richest man in the world while ruling the richest country ever in history.
Finally ... the last bit of MZG is burn. The members of the group then turn back from organized criminals to doctors and engineers, live happily onward as they have reached their ultimate goal in life, burning all available MZG, reducing its supply to absolute 0.
Lesson learned: Want to be the richest man in the world and the president of the US? All you need is 1 MZG before the supply goes to 0.
If there is no Moozicore tokens left then how people can use token for vote? And in this case the platform willl be owned by whom? Since there will be no stakes /token holders to receive benefits or claim ownership.
This was symbolic that it is close to impossible, to hit 0 Tokens. 1 Token would cost that much, that you actually need the decimals wiht 0.0000xxxxx
Agree it really impossible but just what if, If his opinion will really going to happened in the future? But I guess the team will really going to make sure that it will not going to happen right?
Here the team will be reducing the supply of the token and this will make tokens value go up and people who keep on holding the same will get more return
Well that's really a good way to make their investors or holders to keep their tokens. The more they saw how the project works and moves it will help them a lot to boost their trust on it.
That's kind of strategies make another project succeed or gonna fall down. But I saw many projects that's making burning their tokens make their project succeed and it makes their token or coin price go up because of that strats.
Yes I saw a lot of projects too like that , Well it will still going to depend on the relationship between the team project and their supporters/investors if they will going to have a good communication for the better future of the project.
That's right one of they of the success of every project is the medium between the team of the project and the participants of the project with this great medium they will have a great path on the way to the top.
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