/biz/ - Business & Finance

>>57577101
WHERE THE FUCK IS MOONMAN? IM DOWN SO MUCH BECAUSE OF YOU

>>56660048
Nah wait for may 2024 or june 2024, you should buy around that time and only that time, stay in usdt until then.

ICP is dumping , I JUST WANNA TALK BRO, WHERE YOU AT?

Before I go on, I want to say that ICP has really cool tech in the crypto world. Its community is amazing for sticking around even when its value dropped for two years. For example, the Dragginz project is one of the coolest web3 games I've seen.

But now, ICP is facing a big challenge. It might not be able to bounce back.

Right now, the Internet Computer is run by 66 main groups, but there are 92 in total. Since October 2021, these groups have been getting rewards between $1.5M and $3M every month. Dfinity gives these rewards with new ICP coins. If the ICP price drops, they have to give out more coins.

Here's the problem: Dfinity promises a certain dollar amount to these groups every month. If the ICP price drops, they give more coins.

With the price now at $2.9 for one ICP, about 20% of the new coins each month come from these rewards. If the price drops more, they'll have to give out even more coins.

People think if the price goes down to $1 for one ICP, almost all the new coins would come from these rewards. This could be really bad for ICP, kind of like what happened with Terra Luna.

>From $50 to $2
I JUST WANNA TALK BRO, WHERE YOU AT?

BROS I SWEAR I WILL MINECRAFT THE MOONMAN

I JUST WANNA TALK BRO, WHERE YOU AT?