Insanity Sunday - Week 3 ResultsSummary- Total Pot: 100 BTC
- Total Acquired: 83,328.15395436 WOLF
- Percentage Acquired Back: 83.328% of WOLF sold.
- Average Price: 10.052% over base (0.00110052 BTC)
- Maximum Price: 17.5% over base (0.001175 BTC)
- Minimum Price: 0% over base (0.001 BTC)
- Max Reported Profit: 62% by actively trading (others may have achieved higher)
- Trade List: http://5.9.111.71/results/w3/trades.csv
Coin DestructionTotal to Destroy: 83,328.15395436 WOLF
A Note on ProjectionAt the current rate, we can assume that by week 7 the wolf supply will be empty, and 640,000 coins will have been destroyed. (120k by tx fees, 520k by insanity sundays).
More than 100,000 coins are held by long term holders, meaning the amount in circulation and being traded should be around 260k by the end of week 7. (1m-640k-100k).
In other words at the current rates, it looks like we'll have a market of 260k coins when the supply is empty, with 3x 100 btc bumps, no price reset, and an open market.
Remember all the coins bought in those final weeks will also be destroyed, although I expect to get no where near the average 79k once the supply is empty!
It would be very interesting to see some suggested projections of what the market may look like over those final three weeks before the swap to long term coin settings.
Interesting. Thanks to everybody who took part in this weeks insanity sunday.
WOLF supply opens 10:00 Monday, BTC Pot is ~60 for next week already
