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Topic: Gigantic max supply is bad - page 2. (Read 390 times)

member
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
August 25, 2019, 03:24:30 AM
#29
all depends on how the development team works, because the effect of a token is not seen in the amount of supply, but on the concept and usefulness of the token. I've seen a project called INMAX, with a total supply of 6.5 million, but the price is only half a dollar.
INMAX max supply of 6.5 million ain't bad at all infact watching the history of last bullrun coins and tokens with low max supply have better All Time High over all,limited supply means better scarcity apart from the concept of every projects
full member
Activity: 546
Merit: 100
August 24, 2019, 10:19:56 PM
#28
It's bad for investors only. But the team has decided billions of supply because the project they created purposely to be used by billions of users in the future and not by only a couple of traders. It means they are going for the top while those small supply projects are like short term projects that are much more dedicated to give returns to their supporters and investors.
member
Activity: 285
Merit: 10
August 24, 2019, 09:18:30 PM
#27
all depends on how the development team works, because the effect of a token is not seen in the amount of supply, but on the concept and usefulness of the token. I've seen a project called INMAX, with a total supply of 6.5 million, but the price is only half a dollar.
full member
Activity: 1442
Merit: 106
August 24, 2019, 06:25:28 PM
#26
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

i think coins with maximum supply in billions has an effect in the price and value of the coins. when coins are in their millions they are termed more valuable than coins that have supply in their billions. it erduces the value of the coin and also reduces the pace at which it is appreciated by investors.
jr. member
Activity: 406
Merit: 5
I-CHAIN - The Revolution of Digital Advertising
August 24, 2019, 06:21:52 PM
#25
In my opinion only the curculating supply is of importance..The real problem is in the inability of developers to create value for this tokens.. If their is active usecase, demand will grow and a growth in demand will impact price and guarantee the success of such currencies in the crypto market
jr. member
Activity: 238
Merit: 3
August 24, 2019, 06:14:19 PM
#24
The supply or total supply of coin doesn't really define it's potential value, a larger supply whichever is meant serve a purpose entirely different purpose from a coin with small supply, what should define the supply of a coin is its usage.
full member
Activity: 434
Merit: 100
August 24, 2019, 04:04:17 PM
#23
Of course, we should choose coins with a limited supply. a project that can endlessly print their tokens is a useless project

I don't know why a cryptocurrency project will decide to endlessly print their own token when it is not affiliated with any state's financial legal backing. They will just be wasting their time as the coin value will be limited exponentially
full member
Activity: 840
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Oikos.cash | Decentralized Finance on Tron
August 24, 2019, 01:47:47 PM
#22
Of course, we should choose coins with a limited supply. a project that can endlessly print their tokens is a useless project
legendary
Activity: 2730
Merit: 1288
August 24, 2019, 11:54:03 AM
#21
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.


I dont think doge have max supply. You need to check your sources and learn about it more.  

To answer you main question the answer is it dont matter. What matters more is who hold those coins and how they got them. If developers does or someone that got them for free with some airdrop or holding some other coins that is really bad, since those coins are worth nothing to them.
sr. member
Activity: 1039
Merit: 250
BabelFish - FISH Token Sale at Sovryn
August 24, 2019, 11:36:44 AM
#20
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

wo, 120 billion in circulations and 280 billion as the total supply,, thats really huge
and in my opinion the law of supply and demands is always affected the price of any cryptocurrency
a good project with low supply will always create huge demands mate, and a huge demands will make the price growing
sr. member
Activity: 840
Merit: 250
August 24, 2019, 10:47:08 AM
#19
I think that the price not depends on volume of coin. We can observe huge amounts of ETH and LTC the price of these coins can grow exponentially. Sometimes cryptocurrency developers intentionally burn large amounts of coins in order to artificially raise its price. So it was with many cryptocurrencies, and later they disappeared. The same is waiting for a large number of altcoins. And there's nothing you can do about it.
hero member
Activity: 2940
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Leading Crypto Sports Betting & Casino Platform
August 24, 2019, 05:56:35 AM
#18
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.

Supply is one issue but it's not the main issue why the coin is losing its value in the market, coins/tokens are losing its value in the market, because the concept is not enough for a long term, investors have a very short attention span, they jump from one coin to another because the coin is not performing and developing well and it's not about the supply.
There are coins being burned to lessen the supply but it still not helping the price to move.
member
Activity: 280
Merit: 11
August 24, 2019, 05:50:27 AM
#17
Maximum supply is an issue that need to be attended to in the crypto market if we want things to improve in the crypto market, huge maximum supply is not helping the price of coin, i guess some dev are too greedy.
sr. member
Activity: 1414
Merit: 270
Undeads.com - P2E Runner Game
August 24, 2019, 05:32:54 AM
#16
Apart from real use case do coins and tokens max supply counts as well? for example lets look at doge coin,its max supply is 280 billion and the circulating supply is 120billion which is presently trading at 0.0026$ what would have happened if its max supply is in millions ?

i think some coins have way to much max supply which actually affects the coin or token performance as well,coins with low supply will always have better value than having gigantic supply.
In this case, DOGE are a bad example. This is an old unique cryptocurrency; it can be compared only with BTC, LTC, XMR and other "first".
With a huge number of coins, the value of one coin tends to 0. That is, it may be thought that it is very simple pump, while forgetting about the huge number of coins.
I also do not understand why release billions of coins when you can release millions.
legendary
Activity: 2100
Merit: 1321
Fully Regulated Crypto Casino
August 24, 2019, 05:11:24 AM
#16
Tokens with low supply will always have higher value than tokens with huge max supply,i used to get carried away when i started mining coins back in 2016,i was so drawn to coins with billion supply so i started mining them,coins like
Turtle coin with 1 trillion max supply
Qwerty coin
Intense coin e.t.c
But they never have better value even when altcoin season was around in 2017,the only coin i earned good profit from was electroneum,it has 21billion supply as well but it surge up to 0.18$ at January 2018

Not always true mate. Some projects are high supply but has a good price also. How about eth? Eth has indefinite supply but iy has a good market value. Check XRP supply also, it does not depend on supply but depends on the demand of the project. The law of supply of demand pertains to this but, in crypto space the more the project worth and needed its value rises no matter how big its supply.
member
Activity: 490
Merit: 16
August 24, 2019, 03:12:33 AM
#15
Bomb token is a good example of how good low max supply coins are,bomb has 1million max supply and since its a deflationary token its already on its way down to 900,000 and its trading at 4$ per token ,just imagine if the token has billion max supply it wont be able to keep up at 4$ price per one, i think its good to always pick coins with small supply over the large supply coins
member
Activity: 518
Merit: 28
August 24, 2019, 02:49:55 AM
#14
Tokens with low supply will always have higher value than tokens with huge max supply,i used to get carried away when i started mining coins back in 2016,i was so drawn to coins with billion supply so i started mining them,coins like
Turtle coin with 1 trillion max supply
Qwerty coin
Intense coin e.t.c
But they never have better value even when altcoin season was around in 2017,the only coin i earned good profit from was electroneum,it has 21billion supply as well but it surge up to 0.18$ at January 2018
jr. member
Activity: 616
Merit: 1
August 24, 2019, 02:04:58 AM
#13
Yes gigantic token cap is a problem. Tokens with low supply in millions have a very high price when compared to those with gigantic caps. If dogecoin had a smaller cap, it's price could've been far more than it currently is. Most times projects create coins with excuse that the world population is in billions they're making plans for mass adoption.
sr. member
Activity: 569
Merit: 250
August 23, 2019, 09:59:20 PM
#12
As far as i know, doge coin is not having maximum supply and the hardcap supply is not created by the developer and it will always fully inflated. If the doge has a maximum supply in millions and less coin means less inflation and this will bring more price for doge coin. Remember the economic theory about that. It's so difficult to control the gigantic supply and you can see that how NPXS was feeling so difficult to do that and this company always do a token swap anytime.
full member
Activity: 812
Merit: 100
August 23, 2019, 07:40:31 PM
#11
people dont need to care about max supply,it benefits some projects and it doesnt for others,its better to pick projects based on how good they are,if projects are very good enough they will do very well in market no matter how big their max supply is,either billions or trillions it really shouldnt matter
basically true, but to find tokens with large supply that have a lot of enthusiasts or classified as a good project, I used to find a pretty good project and have a supply of billions (more than 5 b) but it seems like today's tokens like that have a time because many also competitor projects that have similar and much better supplies
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