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/biz/ - Business & Finance

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19901204 No.19901204 [Reply] [Original]

What the fuck is going on

>> No.19901227

>>19901204
Because its founders are dumping their premined shitcoin on idiot retail bagholders nonstop. It will never have a highmcap because it is a scam

>> No.19901374

>>19901204
Low market cap is thought to be because staking required a six month lockup in order to receive rewards (though you could always withdraw your staked amount in 7 days).

This has people thinking there will be some massive dump at reward unlock.
Except the total added to the supply is only 12%. And many people bought much higher than today's price, and there's little to suggest they'd dump now. Especially since Fantom Finance is about to be released. (Anyone who wanted to has probably dumped, which is why the price dropped for months.)

This is seriously a big deal project. "Consensus-as-a-service" is at the CORE of blockchain and other trusted systems.
Watch any videos with Andre Cronje. You won't find anyone more competent.

>> No.19901401

>>19901227
Hi sam smith. I’m going to fucking end you

>> No.19901411

TOKENS ARE UNLOCKED AND THERE'S NO DUMP

HAHAHAAHHAHAH GET FUCKED SCHIZO