LOW CIRCULATION COMPARE TO TOTAL SUPPLY. - page 2.

Banadony

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Activity: 154

Merit: 10

Quote from: 20kevin20 on February 17, 2020, 12:58:25 PM

Take a look at XRP and see for yourself what it means to have so many tokens locked up. It means someone has control over billions of dollars and I'm more than sure they're going to keep a small but significant percentage of the locked tokens to themselves.

I personally don't give a damn about those coins that are not mineable and have a high % of the total supply locked by the team. Is it decentralized or not? I mean, Satoshi didn't need to lock up coins and the percentage he supposedly owns is very small, especially knowing he probably did not expect Bitcoin to go this far.

These tokens have basically turned into moneybag-generators for their creators. So fuck tokens and ICOs. Go for the OG coins.

On point.thanks for the responds. XRP is centralized and control by some people. it is certain that some projects was a means to en rich some people not to serve it's purpose.

Banadony

member

Activity: 154

Merit: 10

Quote from: coupable on February 17, 2020, 12:50:22 PM

Quote from: Banadony on February 17, 2020, 12:03:18 PM

Why then do projects have a large portion of their token locked up with little number in circulation. How then do we bring in people into the system.
Why not conduct activities to get more people and also pay more instead of burning to reducing the quantity. it will not achieve any meaning.

I can guess that 99% of projects you hear about, who locked or burn a partial of their token supply are scams or they waiting to be scams. Methods of burning and locking tooen partially are either useful to make money from nothing or a useful technique for some goals but wrongly used .
If the team behind the project has the ability to overly controle the supply, then it's nonsense talking about offer and demand to determine the real circulating supply .

There are exchanges that engaged in reducing their total supply by burning. Are you saying they are involved in scams or they are just looking for ways to increase price.

20kevin20

legendary

Activity: 1134

Merit: 1598

Take a look at XRP and see for yourself what it means to have so many tokens locked up. It means someone has control over billions of dollars and I'm more than sure they're going to keep a small but significant percentage of the locked tokens to themselves.

I personally don't give a damn about those coins that are not mineable and have a high % of the total supply locked by the team. Is it decentralized or not? I mean, Satoshi didn't need to lock up coins and the percentage he supposedly owns is very small, especially knowing he probably did not expect Bitcoin to go this far.

These tokens have basically turned into moneybag-generators for their creators. So fuck tokens and ICOs. Go for the OG coins.

coupable

hero member

Activity: 2338

Merit: 757

Quote from: Banadony on February 17, 2020, 12:03:18 PM

Why then do projects have a large portion of their token locked up with little number in circulation. How then do we bring in people into the system.
Why not conduct activities to get more people and also pay more instead of burning to reducing the quantity. it will not achieve any meaning.

I can guess that 99% of projects you hear about, who locked or burn a partial of their token supply are scams or they waiting to be scams. Methods of burning and locking tooen partially are either useful to make money from nothing or a useful technique for some goals but wrongly used .
If the team behind the project has the ability to overly controle the supply, then it's nonsense talking about offer and demand to determine the real circulating supply .

Banadony

member

Activity: 154

Merit: 10

Cryptocurrencies is all about adoption. what are the reasons behind altcoin projects holding BACK a large quantity of their tokens with little in circulation. Example.
Litecoin has a maximum supply of 84 million and 64 million is in circulation. i think it okay and suitable
Tezos has a maximum supply of 694,191,974 and about 260,000,000 is in circulation. too poor if i will say.
Chainlink has one billions and only 350 millions in circulation. over 700,000,000 are stock up.

i know the theory of demand and supply. i also understand the burning process to reduce quantity in order to increase price.

Why then do projects have a large portion of their token locked up with little number in circulation. How then do we bring in people into the system.
Why not conduct activities to get more people and also pay more instead of burning to reducing the quantity. it will not achieve any meaning.

Topic: LOW CIRCULATION COMPARE TO TOTAL SUPPLY. - page 2. (Read 387 times)