Back when we had less guys here
I cared to make sure I had receipt of the lowest point possible on whatever I shared
Now I don’t
I just care about gathering the army in with positions they are happy with before we go to battle
Having a position worth fighting for
Is more important than if it did “50x or 500x” from where I “initially blatantly and officially shared”
Adapted to the game so everyone eats
We are cruising to victory this cycle
Memecoin you can't vamp (ticker is already blocked) - $easy on @EasyA_Kickstart, 18k mcap is a low risk / high reward bet. I hope it will become the official coin of the whole ecosystem. It needs a memecoin runner.
Where did you find that 86%? For over year from initial listing they sold into market. Realistically they own about 40% right now. If you think that most supply controlled by random people is bullish in crypto, you're wrong. It's not 2021 when people believed in projects. Now more important is whether team works for their and investors bags. Quai team works constantly. Find another such active team. But as I mentioned some things need rebalancing to long term success.
@MarijuanaSeed12@mechanikalk@akalmans You're just the fudder. Quai have solid fundamentals but some things require rebalancing. Regarding to 1.33b supply - it's nonsense, most supply is already on the market and distributed between holders. There are 400m more tokens to unlock but within few years.
To be honest, that revenue means nothing without hype and new hodlers. It doesn't create any net positive impact on the Quai price — it only absorbs miners. It's just good-looking statistics. Miners are constantly dumping to cover their bills, though.
After BIP-302, inflation is now quite low... but what if the price increases 5 or 10x while revenue lags behind? As an investor, I'm aware that miners would dump, inflation would increase significantly, and selling pressure would be much higher at elevated prices — which isn't attractive to new investors. The price of the token is the best marketing. In my opinion, miner rewards should also scale with price and revenue.
I dug a little bit...and we have about 100k $quai daily from block rewards (5.4 quai per block now, 5s finality) 3mil / month
Soap buybuck is about 750k tokens/ day now with price 0.04, 20-22mil monthly.
To sum it up, right now there is deflation 18mil / month
How much is vesting unlocks per month after singularity fork @0xalank?
Cause it's still an early-stage project, QI right now doesn't have any real utility. Quai is the store of value and the 'front-facing' token. Once many DeFi projects appear, it will become useful across the ecosystem, it all depends on the team's creativity and how they implement it. I wonder if they could also add ETC and BSV to SOAP.”
@M8ze__@mattman From my point of view, $QI will be useful when network matures and some Defi appear. Now team and community need to attract people to $Quai and pump it to billions. Price is always the best marketing tool.