CoinEx CET daily repurchase and burning policy better than binance?

SFR10

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Crypto Swap Exchange

Quote from: old fart on April 14, 2020, 06:36:02 AM

And do you think it is better than a quarterly repurchase?

Yes, their daily buyback option is better now but you didn't mention up to what limit ^{[I'm sure there will be a limit of some sort]} they'll be buying CET tokens?

They should've changed the process of burning coins as well ^{[not necessarily on a daily basis]}.

stomachgrowls

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Quote from: joniboini on April 18, 2020, 03:26:01 AM

Decrease in supply is only good if something is valuable. If that tokens (or essentially the exchange) is terrible and doesn't have a huge userbase, then the effect would be small.

I believe most people won't buy a token just because it is deflationary anymore. They've grown up and don't fall for petty tricks like this.

This isnt something like year 2017 or to those times where everything is been hyped up.We already learned and know the system and agendas on where these project owners do.

Decreasing supply doesnt automatically mean that it would increase its price and only newbies would really have that kind of perception.Yeah this is basic but all varies with the demand.
The supply had decreased but the demand is still the same then it wont really make any effects.

Quote from: old fart on April 14, 2020, 06:36:02 AM

And do you think it is better than a quarterly repurchase?

Daily vs Quarterly purchase? This isnt a question because daily buyback would really be the best thing but the question is,
are they really gonna rebuy on daily matter? thats way too desperate imho.

joniboini

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Decrease in supply is only good if something is valuable. If that tokens (or essentially the exchange) is terrible and doesn't have a huge userbase, then the effect would be small.

I believe most people won't buy a token just because it is deflationary anymore. They've grown up and don't fall for petty tricks like this.

hugeblack

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Quote from: old fart on April 14, 2020, 06:36:02 AM

The plan is to decrease circulating supply of the coin thereby causing scarcity which could lead to increase in price as demands become higher than supply.

This rule is not entirely accurate but rather depends on the amount of demand. Companies trying to control the supply side may not lead to price increases in the long run, but rather "pumping and dumping" models and thus the possibility of losing money higher.

Quote from: old fart on April 14, 2020, 06:36:02 AM

And do you think it is better than a quarterly repurchase?

If you don't know what to do, you will lose your money. It is not that simple that you expect.

old fart

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Bitcoin is the future

The idea of a buyback and burn policy by most platforms like coinex and binance in particular isn't a new thing to most of us.
This idea in my opinion is a good one especially to investors of such projects.
The plan is to decrease circulating supply of the coin thereby causing scarcity which could lead to increase in price as demands become higher than supply.
Just last week coinex made a change in policy of a quarterly buyback and quarterly coin burn, to a daily buyback and quarterly coin burn.
This means coinex will be running a daily repurchase of its CET token, this to me is a good step in the right direction as an investor as scarcity will become gradual but continous, what do you think guys?
And do you think it is better than a quarterly repurchase?

Topic: CoinEx CET daily repurchase and burning policy better than binance? (Read 161 times)