Supertokenomics or bad ? Opinions ? | Bitcointalksearch.org

Furious 7

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https://duelbits.com/

Quote from: Thementhor on February 14, 2022, 12:32:07 PM

Do you know the intensions behind them ? Or why trap

Isn't it obvious the reason is for their own benefit by taking advantage of the naivety of the beginners.
They of course know that this coin burning strategy is still quite effective because there will be many beginners who are tempted by it which makes it like giving rat poison to a pizza to give to rats who are always greedy when they see food.
Beginners certainly won't think much deeper when they find out about the lure of coin burning and for that reason they are sure to fall into their trap.

Thementhor

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Quote from: YinShuiSiYuan on February 14, 2022, 06:34:20 PM

Quote from: Thementhor on February 14, 2022, 09:44:56 AM

Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY. I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply??? What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.

The token has not launched yet.

You should provide link to this project, or to the tokenomics info itself, then you would get more precise answers.

From what I understood, only some of the tokens will probably be in the hands of investors, and tokens from a separate pool will be burned. This type of strategy only gives the illusion that if the total supply decreases sharply, it will automatically increase the price. Unfortunately, it usually doesn't lead to anything else but a quick pump & dump.

https://babycharizard.online/whitepaper

Here are more infos about the token, and the burning procedure.

YinShuiSiYuan

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Quote from: Thementhor on February 14, 2022, 09:44:56 AM

Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY. I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply??? What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.

The token has not launched yet.

You should provide link to this project, or to the tokenomics info itself, then you would get more precise answers.

From what I understood, only some of the tokens will probably be in the hands of investors, and tokens from a separate pool will be burned. This type of strategy only gives the illusion that if the total supply decreases sharply, it will automatically increase the price. Unfortunately, it usually doesn't lead to anything else but a quick pump & dump.

Thementhor

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Activity: 29

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Quote from: hosseinimr93 on February 14, 2022, 03:43:17 PM

Quote from: Thementhor on February 14, 2022, 03:28:10 PM

I agree, but I see negativity in your sentences. Not all shit/meme tokens are scams.

It depends on what is your definition of scam.
In my opinion, any coin/token which has been created without any real product, without any new technology, without solving any problem and without any purpose other than making money for the creator is a scam.
The coin/token may give a big profit to some holders and traders. There may be a real team behind the coin/token, a whitepaper and a road map. It may be listed on big exchanges and still be a scam.

For me scam is rugpull. Making money from a coin without any new technology or product is not a scam. Is a money making machine.

hosseinimr93

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Quote from: Thementhor on February 14, 2022, 03:28:10 PM

I agree, but I see negativity in your sentences. Not all shit/meme tokens are scams.

It depends on what is your definition of scam.
In my opinion, any coin/token which has been created without any real product, without any new technology, without solving any problem and without any purpose other than making money for the creator is a scam.
The coin/token may give a big profit to some holders and traders. There may be a real team behind the coin/token, a whitepaper and a road map. It may be listed on big exchanges and still be a scam.

Thementhor

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Quote from: hosseinimr93 on February 14, 2022, 12:37:03 PM

Quote from: Thementhor on February 14, 2022, 12:32:07 PM

Do you know the intensions behind them ? Or why trap

When they say they will burn a portion of the tokens, some people think that with burning the tokens and decreasing the total supply, token's price will rise. So they buy the tokens before the burning.
Newbies don't pay attention to the fact that they are burning the tokens that have been created by themselves from the thin air.
They can easily create as many as tokens they want and then promise to burn them. This doesn't make the tokens valuable.

I agree, but I see negativity in your sentences. Not all shit/meme tokens are scams.

hosseinimr93

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Quote from: Thementhor on February 14, 2022, 12:32:07 PM

Do you know the intensions behind them ? Or why trap

When they say they will burn a portion of the tokens, some people think that with burning the tokens and decreasing the total supply, token's price will rise. So they buy the tokens before the burning.
Newbies don't pay attention to the fact that they are burning the tokens that have been created by themselves from the thin air.
They can easily create as many as tokens they want and then promise to burn them. This doesn't make the tokens valuable.

Thementhor

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Quote from: Furious 7 on February 14, 2022, 12:26:00 PM

This is clearly very misguided Cheesy

But indeed coin burning nowadays is still a must-have feature when new projects come in but it can't be that big if they don't think before tricking people lol.
This is clearly bullshit and you don't have to look at them too much because it will be pointless and will just be a waste of your time.
But this is also very dangerous, especially for beginners who still don't know the mechanism and how it works here because of course with burning like that even if it is a trap, beginners will definitely not know what the intentions behind them are.

Do you know the intensions behind them ? Or why trap

Furious 7

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https://duelbits.com/

This is clearly very misguided Cheesy

But indeed coin burning nowadays is still a must-have feature when new projects come in but it can't be that big if they don't think before tricking people lol.
This is clearly bullshit and you don't have to look at them too much because it will be pointless and will just be a waste of your time.
But this is also very dangerous, especially for beginners who still don't know the mechanism and how it works here because of course with burning like that even if it is a trap, beginners will definitely not know what the intentions behind them are.

hosseinimr93

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Quote from: Thementhor on February 14, 2022, 12:15:56 PM

Yes, but as I read they not burning the 85% of the total supply, they burning the sold tokens.
Example:
I buy 1 million token exactly, then few days later I sell, so 85% from 1 million (850 000) will be burning from the real total supply. Maybe I did not understood it well!

It's still easy.
They create 1 billion tokens, sell 500 millions of them and keep the other 500 million tokens in their own wallet.
Now they should sell 85% of 500 million tokens which is 425 million tokens. They burn 425 million tokens from the 500 million tokens they have kept in their own wallet.

Thementhor

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Quote from: hosseinimr93 on February 14, 2022, 11:53:20 AM

Quote from: Thementhor on February 14, 2022, 11:43:12 AM

So it is legit, whitepaper legit, just can not imagine what the end will be, everyone sells, then burns activated.

How can you know if a project is legit just with reading the whitepaper?
Burning 85% of the tokens doesn't make the tokens valuable.

Let's say I want to create a token with total supply of 1 billion coins.
Instead of issuing 1 billion tokens, I create 100 billion tokens and then burn 99% of them.
Does it change anything? NO. The tokens are still coming from thin air and the it's a scam.

Yes, but as I read they not burning the 85% of the total supply, they burning the sold tokens.
Example:
I buy 1 million token exactly, then few days later I sell, so 85% from 1 million (850 000) will be burning from the real total supply. Maybe I did not understood it well!

I will not invest, just will follow the chart how it is going, interesting tokenomics. Never saw before.

Raflesia

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_""""Duelbits""""_

Quote from: Thementhor on February 14, 2022, 11:43:12 AM

Idk if I can share the website link, but

babycharizard dot online

So it is legit, whitepaper legit, just can not imagine what the end will be, everyone sells, then burns activated.

Seems bullshit I'm not sure they will burn 85% of the total supply, I guess this will be a trap so they can buy with the lure of big burning, I guess almost every meme project like this bids high to create hype even the whitepaper doesn't really do that complete, I don't think this is legit.

You have to be careful they offer sweet but in reality this is a ruse to sell their tokens.

hosseinimr93

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Quote from: Thementhor on February 14, 2022, 11:43:12 AM

So it is legit, whitepaper legit, just can not imagine what the end will be, everyone sells, then burns activated.

How can you know if a project is legit just with reading the whitepaper?
Burning 85% of the tokens doesn't make the tokens valuable.

Let's say I want to create a token with total supply of 1 billion coins.
Instead of issuing 1 billion tokens, I create 100 billion tokens and then burn 99% of them.
Does it change anything? NO. The tokens are still coming from thin air and the it's a scam.

Thementhor

newbie

Activity: 29

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Quote from: DOH! on February 14, 2022, 10:56:05 AM

Quote from: Thementhor on February 14, 2022, 09:44:56 AM

Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY. I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply??? What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.

The token has not launched yet.

Seems to be an error to wording the source is misleading, I assume that 85% of the total sold % of tokens sold will be burned back from the total token supply. I also assume that some dead tokenomics are indicative of short-term price driving forces that leave abattoirs behind, but if I were to ask I would know what that project is???

Idk if I can share the website link, but

babycharizard dot online

So it is legit, whitepaper legit, just can not imagine what the end will be, everyone sells, then burns activated.

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Are you sure that they are going to burn the 85% from the sold tokens? Maybe, they are going to burn 85% of the tokens allocated to the team.
Anyway, whatever they are going to do, it seems to be a shit coin. They are only trying to create hype and deceive people to buy the tokens that are probably coming from thin air. It's a scam.

DOH!

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Quote from: Thementhor on February 14, 2022, 09:44:56 AM

Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY. I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply??? What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.

The token has not launched yet.

Seems to be an error to wording the source is misleading, I assume that 85% of the total sold % of tokens sold will be burned back from the total token supply. I also assume that some dead tokenomics are indicative of short-term price driving forces that leave abattoirs behind, but if I were to ask I would know what that project is???

bittick

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Cryptocasino.com

Quote from: Thementhor on February 14, 2022, 09:44:56 AM

Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY.

This is garbage tokenomic. If that means about the sold token and it seems like that the buyers are burning their own token, right?
The dev get native token as the return from the sold token but how is it possible? none will try to buy this shit scam token. This mechanism is owning by shit scam token.

Quote from: Thementhor on February 14, 2022, 09:44:56 AM

I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply???

True and this mechanism mostly used by shit scam token with non sense idea to build the project.

Quote from: Thementhor on February 14, 2022, 09:44:56 AM

What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.

The dev is not care about that. The purpose of this token to be another money grabber token.

Quote from: Thementhor on February 14, 2022, 09:44:56 AM

The token has not launched yet.

This is only speculation.

Thementhor

newbie

Activity: 29

Merit: 0

Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY. I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply??? What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.

The token has not launched yet.

Topic: Supertokenomics or bad ? Opinions ? (Read 137 times)