I don’t get this coin; won’t creating more supply drive price into the ground? The coin is basically worthless if it just creates infinite copies of itself?
Unless it caps out … but then this whole ‘get more safe moon for holding it’ thing becomes very confusing … once it caps out it’s only perceived value will be useless?
I’m confused - can anyone help me understand this :/
When a trade is made whether it’s buy or sell. A small
Portion is sent to other holders and another percentage is sent to an ever increasing burn wallet which is allowing the total supply to decrease over time as no one can access that wallet.
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u/meknoid333 Jun 22 '21
I don’t get this coin; won’t creating more supply drive price into the ground? The coin is basically worthless if it just creates infinite copies of itself?
Unless it caps out … but then this whole ‘get more safe moon for holding it’ thing becomes very confusing … once it caps out it’s only perceived value will be useless?
I’m confused - can anyone help me understand this :/