/biz/ - Business & Finance

Yeah, I know exactly which video you watched where the moron who did literally no research on the protocol itself told you that the "tokenomics are bad". To me, it's extremely suspicious that he created that video when he did, considering the price has gone up 100% since the two largest token unlocks occurred, and only dumped in the short-term after he released his video. He probably has huge bags and dumped the price intentionally to try to buy low, since the price was starting to rise again from a local bottom at the time. It has also been found out that the unlocked tokens had been delegated to the network this entire time, so they aren't even liquid.

Did you know that Solana also had similar "token unlock FUD", for the date "January 7th"? Solana was suppressed to below $2.50 because of this FUD, and once January 7th actually came, it pumped and hasn't come down since.

In my opinion, there aren't enough GRT tokens for the service they are providing when you consider how many tokens are/will be locked in delegation and curation and how many tokens will be hoarded by dapp teams and developers to front the query fees for their dapps, and there will be a serious supply shock that results in an enormous spike in token price once dapps are forced to pay fees for their dapps to function. This will likely occur within hours/days/weeks following their inevitable announcement that the hosted network is being shut down and dapps will have to migrate to the decentralized mainnet (where they will thus need GRT to pay for their hundreds of millions of daily queries).

The Graph day was a bust. Investors, VCs, etc all not happy. All dumping. Edge and Node lay offs. Indexers exiting. I don't feel so good.

Reminder that you’ll look back at this in 2 years and laugh that you could’ve bought under 30

Bought in at 0.3, sold at 2.83 and you faggots really need to shut up now. You’re embarrassing yourselves and soon will go down in history as the biz equivalent of raiblocks bagholders. Enjoy breaking even in 3 years, I’m off to bigger and better things

amazing coin power

How do I get GRT (The Graph)? I use Atomic wallet.