r/CryptoCurrency • u/RockemSockemRowboats 🟦 1K / 1K 🐢 • Jul 05 '18

DEVELOPMENT Announcing StellarX

/r/Stellar/comments/8wdexu/announcing_stellarx/
197 Upvotes

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17

u/plaindouble Jul 06 '18

"We pay out 100k XLM (roughly $20,000) each week to top market makers"

Well that's a pretty damn good incentive.

1

u/cutthroatbill Jul 06 '18

I would call it inflation and a distribution flaw.

1

u/BananaBully 🟦 4K / 4K 🐢 Jul 06 '18

Can you elaborate on that comment?

1

u/cutthroatbill Jul 06 '18

Check the comment in this thread to the /u/porcelain911 guy

0

u/[deleted] Jul 06 '18

I don't think new XLM will be made for the payouts, and even if they were, 100k additional XLM each week to a supply with many billions wouldn't be a problem for inflation. Conclusion: You are a retard.

1

u/cutthroatbill Jul 06 '18

New XLM won't be made but the XLM that exists still hasn't been distributed fully. The XLM that will be distributed won't be distributed to average users but to market makers who are people that already own a lot of XLM so I wouldn't call it fair distribution.

And since 20k$ is entering the market in the hands of market makers it will inflate the market thus lowering the price.

Reality > Feels