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

/biz/ - Business & Finance

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27884835 No.27884835 [Reply] [Original]

Supply will go to 5 Billion tokens. What a joke man. Imagine buying this now, and your token worth 4x less by the summer. Because team sucks VC cocks and doesn't give a shit about retail investors. Who came up with this shitty design anyways? Not just the graph, but 90% of the projects coming out now a days have like 90% of the supply locked. What a faggot ass way of distribution. I hope the team and the founder get a paper cut on the tip of their penis. No amount of queries and burn rates will reduce the supply. Even if the tokens are staked, they still count towards circulating supply on coingecko and cmc, you do know that anons, right? There is no way this thing will go to $100 or even $10. Fucking shitty ass project. The only projects that pump properly are the ones with fair token distribution like SNX, AAVE, THETA, FTM, etc. How do people even compare this to LINK? LINK has done 166x since ATL. You're telling me this project is gonna jump to $210 B MC? Anons, I..

>> No.27885300

>>27884835 no

>> No.27885401

>>27884835
Oh wow, nobody else knows supply is increasing so it cant be priced in, you are the only smart one.

>> No.27885402

>>27884835
Fudd

>> No.27885418
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27885418

>>27884835

>> No.27885463

>>27885418
based

>> No.27885543
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27885543

>>27885401
Okay, so what happens when 4B additional tokens are released?
1) Either the price goes down to compensate
2) There will be an insane buy pressure to gobble up 4B tokens....thus increasing MC.

1) is way more likely anon, not even FUD intended. If the team has any brain cells, they better decrease the supply like Solana did, otherwise we will see a lot of Pink Wojaks in the summer.

>> No.27885581
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27885581

>> No.27885596

>>27884835
Shut up cunt

>> No.27885925

>>27885543
I don't know what you are using as your basis to think 1 is more likely than 2. Also 6 months is a long time, it could 3x before then.

>> No.27885972

>>27884835
>No amount of queries and burn rates will reduce the supply.
Citation needed.

>> No.27887799

Lol absolutely miserable fud

>> No.27888107

>>27887799
I hope you the best anon, no FUD intended. I just don't want people to get JUSTed come May.

>> No.27888268

>>27884835
Kys fag

>> No.27888406

>>27884835
$2 stable coin

>> No.27888469

>>27884835
thanks, just bought more

>> No.27888601
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27888601

Is it too late to get into SNX?

>> No.27888694

>>27888601
no, get into defi before it moons

>> No.27888766

>>27884835
When does this supply increase begin and over what period of time will the dump occur?

>> No.27888793 [DELETED] 

>>27888406
Literally everyone has tried consistently to FUD this with x.xx stablecoin shit.
Biggest cope for coinlets.

>> No.27888912

>>27888766
6 months for the first batch so it came in December than means the first dump of supply will happen in May. Then you have 4 year vesting period for VC's, so July 2021 they will also have their tokens unlocked. How much price will go down? no one knows anon. Uncertainty just by itself will fuck people over.

>> No.27889389

>>27888912
Did it dump all at once or over a period of time?