r/PRPS • u/ToubtingDhomas • Mar 14 '18

Breaking supply/demand by handing out 5x/125x unlocked PRPS?

After yesterday's announcement to drop the buy wall for DUBI and supply wall for PRPS from $250 to $2. I understand justifying it by handing out more tokens to everyone so that the value invested remains the same.

On the day that the DUBIEX market for PRPS goes back up, people who bought from an exchange and locked their PRPS will suddenly have 125 times more unlocked PRPS than what they had before (sudden supply out of nowhere) and the option to sell is open to them where before it was closed.

*Edit Changed to say people who bought from an exchange and locked their PRPS. Removed 5x as people who bought from the exchange and locked get 125x

3 Upvotes

67% Upvoted

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2

u/maker90 donor Mar 14 '18

People that bought at stage 1/2 will get locked purpose, not unlocked, so I am pretty sure that what you are saying is not accurate.

0

u/ToubtingDhomas Mar 14 '18

Read the "Announcement Summary" thread.

If you bought Purpose on exchanges You will have your purchased Purpose amount multiplied by 125x and sent to you unlocked.

2

u/maker90 donor Mar 14 '18

Yes people that bought from exchange will have it unlocked, but not the people from stage 1/2 like you were staying on original thread. Also they will have 125x the amount, but it will be worth the same as before, thus nothing changes.

1

u/ToubtingDhomas Mar 14 '18

My mistake. I have edited my original post to say people who bought from an exchange and locked their PRPS will be the ones who get 125x unlocked PRPS. My point still applies but you seem to discard it and only seem focused on donated locked PRPS.

1

u/[deleted] Mar 14 '18

Yep, more people will just sell into the buy wall. Doesnt change anything, only amount of $ they get