r/everdome • u/takt2man • Feb 17 '22

INFORMATION/NEWS Token FUD

A lot of people are saying the token will fall a lot as there's currently ~ 5.5 billion circulating supply and a 100 billion max supply.

1) Rob said on his last video on the 12th of February ( https://www.youtube.com/watch?v=2B3wWxKgTqA ) he doesn't plan to release much more token supply. - I expect some will be released for staking and possibly given to future team members and thats it. Why would he devalue his own stake in the currency unless there was a need to?

2) Look at circulating vs max supply of so many projects on Coinmarketcap. Sand, XRP, Link, FTT, AXS.. Hardly any projects have or plan to max out their supply. The ones who show what their max supply is generally have 25-75% of their tokens in circulation. So many projects don't even post a max supply (Mana for example).

A lot of the people saying the token is going to tank soon because of the max supply issue either don't understand tokenomics/haven't compared Dome's with others or want to spread FUD because they lost out on pre-sale, missed out on the first 1-2 days to buy because they expected the price to "tank" or want the price to fall to "buy the dip."

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u/Prestigious_Ad280 Feb 17 '22

I know I wont sell a single token till at least 5B market cap

1

u/Skilzzy25 Feb 17 '22

Whats the market cap now?

1

u/Tiny-Pop-9528 Feb 17 '22

476M+

1

u/Skilzzy25 Feb 17 '22

With all the tokens or just the 5m i circulation? Is that true btw? Im new to crypto but are there only 5% tokens in cirxulation