Re: ANN [BQX] Bitquence: Universal Wallet and Value Management Platform
Hi guys how much max supply bitquence ?
From what I understand the tokens sold in the crowdsale will equal 30% of all tokens.
(Total crowdale) / 0.3 = Max supply.
But 40% of the supply is going to be used as vehicle of wealth transfer, which is possible because the token is backed by investors. Similar to a bank using the Ripple XRP token to transfer between banks, the token holds value because its backed by investors, its not really being dumped on the market.
Bitquence team have much bigger goals in mind than what it may appear at first. I've been very impressed with some of their thinking, it's just a matter of delivery and adoption.
This is precisely what we intend to do
15% of the supply is allocated towards operating expenses (paying employees, funding company as BQX is adopted) and the 40% is for the liquidity network and will allow the features we have been promising such as automatic gas conversion and liquidity across tokens. I think you're right in comparing that to a bank reserve except without any leverage. Banks use the reserve to generate leverage and create a "money multiplier" effect so not all the assets are backed, but in the liquidity network all assets are backed by underlying tokens.