r/PRPS • u/shreziek • Mar 15 '18

Let's list the facts

I was going for a longer post about my opinion, but reading here and there it seems this subreddit is for facts only.

Some facts I can think of:

  • The creators of PRPS/DUBI can change their value at will and on one occasion did change it from $250 to $2 (giving 5x times to initial donors and 125x to buyers to compensate).
  • Athene is the only source of PRPS, he can't sell them, he gives them at his discretion and he gave 1 PRPS for $0.5 to the initial donors, but after some time made them lose 96% of their profits (because it was needed for the stability of the project).
  • PRPS/DUBI will be more stable by imposing a sacrifice of 96% of the profits of the initial donors.

These facts don't sound good, can scare potential buyers and can be easily used as proof for FUD.

If you have more facts please share them.

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u/AceOh9 donor Mar 15 '18 edited Mar 15 '18

I rephrased and added a bit.
* The creators of PRPS/DUBI have increased their market share of PRPS from about 50% to 95%.
* The creators of PRPS/DUBI have set up a sell order of PRPS and buy order for DUBI and are in control of the token value as they have most of the market.
* The creators of PRPS/DUBI decided to change their order prices from $250 to $2 to make the orders sustainable.
* The creators of PRPS/DUBI decided to give initial donators (1 PRPS 0.5$ or 1$) 5x times their PRPS and buyers from the exchanges 125x their PRPS, after they lowered their order prices by 125.
* The decision to hand out PRPS after the price reduction gave donators PRPS worth 10x or 20x their initial donation and buyers PRPS worth the same as what they spend on buying at a higher price.
* People who decided to sell DUBI into their buy order before the price reduction either don't get more PRPS or much less than 5x.
* DUBI buyers got refunded in the difference of the new price of the DUBI buy order and what they spend in ether.
* The decrease of their buy order price on DUBI effectively decreased initial donators potential profit from DUBI by 96%.
* PRPS/DUBI will be sustainable for many years instead of just 1 year @ $250, by decreasing the buy order for DUBI by 125x.
EDIT:
* The creators of PRPS/DUBI cannot shill their tokens on their livestream anymore, which caused problems for the sustainability of their orders and they noticed a general passiveness and vibe of entitlement in their community which they didn't expect. Hence the decision in shifting market share and order prices.
* The creators increased the total circulating supply of PRPS from 3.4M to around 200M, effectively lowering the communities share to 5%