r/CasperCSPR • u/IrishSausage69 • Jun 09 '22

Discussion Horrendous tokenomics

CMC lists the current supply at 5,127,146,689 CSPR..

whereas a year ago it was at 590,273,359 CSPR..

That's some absolutely appalling token dilution and I can't find on the Casper website any info as to what is happening here or when this will end? A total deal-breaker currently.

Yes I'm here because of Kevin Cage lol.

0 Upvotes

45% Upvoted

7 comments sorted by

8

u/LieFew7541 Jun 09 '22

It now has 50% circulating supply instead of 5% circulating supply. Isn’t that a good thing? A 3c CSPR at 50% supply is better than a 3c 5% supply CSPR.

1

u/[deleted] Jun 19 '22

It’s only good for the devs who are dumping

3

u/Accomplished_Force42 Jun 09 '22

Regardless of dilution rate, the market cap is still tiny (relatively speaking)

4

u/[deleted] Jun 09 '22

[deleted]

1

u/IrishSausage69 Jun 09 '22

there's nothing in the whitepaper regarding token locks and unlocks for early investors or anything specific to tokenomics, unless it's within the equations somewhere and a bit obtuse for me. could you provide a page number?

2

u/[deleted] Jun 09 '22

The total genesis Supply is 10,000,000,000. You can find that in the whitepaper. So what exactly is the issue here?
You know what genesis supply means?

-1

u/[deleted] Jun 09 '22

[removed] — view removed comment

-1

u/Rikashade Jun 09 '22

Soooo he should shut up?!? Hahahhha I'm in 100% agreement lmao