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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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17217276 No.17217276 [Reply] [Original]

Can someone explain me what this token is needed for ? And i mean the tokens circulating not the ones on the team wallet that are actually needed and will last forever

>> No.17217312
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17217312

>> No.17217514

So token not needed i see

>> No.17217530

>>17217276
>And i mean the tokens circulating not the ones on the team wallet that are actually needed and will last forever
Finally someone else gets it.
Thank you anon.
I get tired of spouting sanity in every fucking V-ID thread.
Why do I do it? I guess I can't say for sure. Maybe because I was interested in this piece of shit due to all the hype a few months back, I got in an argument with someone anon here on /biz/, and decided to actually research what the fuck the project is all about.
I read up and down the V-ID website, and gave serious consideration about their token sales, token buy-back, and customer interaction ... and realized that the tokens they sold to speculators aren't worth shit - those aren't the tokens that their customers will use, because they'll sell tokens to their customers directly.
The only tokens that will sell on exchanges will be at a DISCOUNT for people using the service who don't want to buy from V-ID directly. I can't even imagine who those potential buyers might be, because most of their customers will likely enter sales contracts with them, but maybe someone will want to buy tokens on the black market. For sure those aren't going to be worth as much as the ones V-ID is selling directly though ... that's how black markets work. V-ID will decide the price of the tokens that they're selling, and all the tokens held by speculators will be worth less than that.

Who knows what they'll decide those tokens are worth? It's certainly not going to be much - if V-ID starts selling their tokens for a lot of money, then their customers are going to go to the black market and buy cheaper tokens from speculator idiots. So of course they're not going to price themselves out - they get to name their price, and their only competition are the speculators who own tokens already. Of course they're going to sell the tokens for less than you people are holding them for.

Anyway, I didn't even want to type this. Thank you anon for not being an idiot.

>> No.17217843
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17217843

>>17217276
I don't understand your post?

Look at the tokenomics model in pic related. You are essentially buying in to the main wallet.