Quote from: almg89 on October 02, 2017, 09:17:03 AM

Quote from: Tonton99 on October 02, 2017, 09:13:30 AM

Quote from: almg89 on October 02, 2017, 08:58:16 AM

They've said the total supply will reach ~60M
so thats not really a surprise..

60M in 10 years is low compared to others (SALT has double the total supply) and when the circulated coins are quickly increasing at the start it means that the maximum supply is significantly reduced (due to the algorithm in mining over time)
Smart Genesis holders will keep their batched for a while and the ones that bring it to the exchange right now will regret it later on since it will be worth a tenfold of its value in due time.
Besides, when the demand is as steady as it has been over the last week(s) the new coins won't have that much inflating effect only when there is some kind of organised dumping which is highly unlikely.
After a while the urgency for a quick buck will be replaced by the sense that holding has a much better financial perspective

you right. but you forgot many folks got it for free, and some of them don't really care about the project, they just want to maximize their benefit in the short term and sell it. I think it will stable in the near future, thats a part of the distribution.

Agree, I do not worry that much about the influx of coins in circulation at this point in development. You will always have weak hands pursuing quick gains but once Elix gets broader circulation it should not influence the rate development that much anymore.
IMO is quite unique for an airdropped coin to achieve this trading level (trading > market cap) so soon after launch and I agree that inflation is preventing it yet from skyrocketing but that will change very quickly once the majority of the coins are in possession of people who strongly believe in this project and who are willing to hold on for a long period as long term investment.
Personally I wouldn't mind that someone decides to dump for my benefit since the objective now is to get hold on as much Elix as possible to store it away for a while. This thing can be around 20M cap in no time considering the fact that the Dev team surely knows what they are doing and how they need to do it.