Hey, I think this project is very interesting but I struggle to see how it transfer its value back to the investors. The inflation is horrible, and users of the partners reward application(s) will inadvertently suppress the price with their continuously redeeming of the tokens. Am I missing something or is there something else on the table that makes this a worthwhile investment?
Most early investors are down at least 50-75% so no, you are quite correct in your statement.
In 2013 anyone buying Bitcoin over $1000 had to wait until the end 2016 to see the price break $1000 again. Bitcoin fell below $200 several times during that time period. Whether it is crypto or stocks, the market determines the price, not the developer. With tens of thousands of people using and mining Bitcoin, the price still dropped more than half of its value from its peak in 2013 until it recently recovered. It took 3 years for Bitcoin to recover. We have seen the same thing with LTC, ETH, and countless of other currencies. These are currencies listed on several exchanges with thousands of traders, and the price still wildly fluctuates. So I am not sure why anyone would think Bytecent would be different. If Bytecent skyrockets to 50 cents today and then drops to 25 cents next week, the traders who bought Bytecent at 50 cents would make the argument the price of Bytecent is worth half, but anyone who bought Bytecent yesterday would be celebrating. So as a developer I will never please everyone in regards to the price of Bytecent.
That being said, significantly more people are using the AQ rewards app and that is causing increased sell pressure. In a day or two we will be buying more coins from the exchange. In the past our bulk buys stabilized the price of Bytecent, and it is not until recently the sell pressure has been this intense.