Because I have put a lot of time and effort into accumulating these coins. Now someone from a discord channel is just going to swap my xp 200 for 1!!! Man F that. That BS. Where is this so called support for the swap? That discord channel looks pretty dead to me! Same very few people saying the same shit over and over.
Swapping the coin adds zero value. It actually takes away value. It takes away everything. The history of the coin working perfectly for years, being a constant and reliable top volume coin in DOGE markets even through all the hard times. The history of just being a good working, high supply, cheap coin.
You guys seem to think that just because you swap the coin 200 for 1 that the liquidity of the swapped coin will also adjust 200 to 1 but that is not how it works. You all seem to have reverse stock splits and crypto coin swaps confused. Its like beating my fucking head into a brick wall trying to get you all to see that. Post swap the swap coin could start trading at 0.000001 DOGE each. No one has a clue of what will happen. People won't want that shit. Who wants a coin that has a history of being swapped?
?? Those are the worst coins to bag because you can't turn your back on them for five minutes.
Well if you take the pure tokenomics: its swapping a 280 b circulating supply with 20 % interest per year and infinite supply 200 : 1, down to roughly 1.5 billion with a max supply of 20 billion.
Interest rate is changing from 26 % till block 525,611 down to 1.83% after at block 8,409,612. please check
Swap info for more details.
So to start into the new chain with a big bag behind gives you an awesome advantage for the years later then the interest rate gets lower. Consider that please.
And not only this comes to you, no you will also profit by the increase of demand due setting a max supply.
Looks someone just copied dev website and claiming the core dev, copying any website's content is not difficult, just copy the website and upload the downloaded content in httdoc folder, instead they should create a new token as no one even a single person is going to support them, there are many factors that why people are not supporting them
1 = The total supply is not mined yet
2 = If the (dummy dev) pretending that the reason behind swapping the coin with ratio 200:1 is to reduce the circulating supply then he is totally wrong, why ? because at this ratio the total supply becomes 282,202,534,588 ÷ 200 = 1411,012,672.94 but they are claiming that the total supply will be 20 billion thats a big scam of the year. Swap just kills the coins so a coin which is stable the community will
'NEVER' allow them, so they will just loose and also if they create a new token then community will not trade the new chain.
Furthermore, the SWAP could be accepted if the total supply could be 2 billion out of 1.4 billion kept for swap, 2nd= the swap could be accepted if the new token listing could be only in BTC market and supporting no other market, according to this scam swap news, which is just a sign of big scam that more than the circulating supply (after swap which is 1.4 billion) the dev will hold 2.6 billion,
So if they are true with swap then the total supply should be around 2 billion
Remaining 600 million should be kept for mining and master nodes,
the block reward should be reduced to half in every 4 years (like bitcoin did)
the block time should be equivalent to bitcoin, also the ratio of reward should be equal to bitcoin, i,e in early days bitcoin was rewarding 100 coins every 6 minutes, so for 21 million coins, 2 billion XP the ratio will be 21million:2 billion, the block reward will be 100:=XP ,
third, the dev should only hold the 10% of total mind means they should only mine 1.54 billion, and the total amount of coins which dev will be hold, should be spent only on new exchange listings, and dev must assure that he will bring only 1% of his holding coins in the market, so there must not be too much inflation in the market and for 1% he will get the daily profit, should be spent on new exchange listing each month,
4th dev must assure that he will not sell his coins lower than the market price (if market only controlled by the community then community will decide the price of new token, community will decide the price by multiplying their new XP with the OLD XP they received in exchange (swap) i,e if the SWAP ratio will be 200:1 and all time high price in the last 3 months (like now which is 0.0019 doge) so 0.0019 X 200 = 0.38 doge if we consider the swap is in the next 2 months, so this is around more than 11 sat this time, so using this method the community will decide the new price of XP token, by using this method, one who purchased in the higher highs before the swap, will not be in loss. so if all the above terms are accepted by dev and dev issue a written statement too, then the community could decide to accept the swap or not, and also for gaining the trust of the community, dev would need to prove his promises, the dev will be responsible to tell each month that where the profit he earned is spent ? i,e if he trade every day his 1% of total coins (which is around 14 million) if he gets the total of 1.54 btc at the price of 11 sat and buys back at the price of 10 sat (1.4 btc) so he earns 0.14 btc every day, which is 4.2 btc each month those are enough to listing the coin on a new big exchange, the dev will also be responsible to highlight that wallet where his remaining 9% tokens are kept. and also the community will keep an eye on the total circulating supply by estimating the block reward and current difficulty, if every thing goes fine, then XP can become a giant just like bitcoin.
and the last most important thing is that that dev must assure that there will be no swap in the future.