the price is moving too much because of many small amount sell order, hopefully magnet can list at other major exchange to get the price stabilize and not letting those ppl to create too much panic sell.
I really appreciate all the hard work that dev has done , and hope this project can success.
I really appreciate all the hard work that dev has done , and hope this project can success.
Don't you realize it's 'game over'?
Too many coins are created daily. There will be an increasing pressure to sell, especially from those who bought on the exchange and set up mn.
When You realize we are 3 weeks old and having this much interest this early without 0 marketing on our side.. maybe the market conditions arent that bad?
We have very little information presented about what our plans are. Roadmap and webpage are just coming out.
Without any effort to reach more audience we have a market that can sustain 1500 sat per 1 mag nicely and everything is just starting.
Masternode number on network is increasing.
Even if someone sells under, price bounces back nicely.
So it may be Game Over for You but we are just starting to make our first moves.
There will be android wallet for easy MN monitoring when on the go and designated tool for interacting with You MN.
Right now we have 2 planned in-wallet features that personally i have not seen anywhere and should give a unique twist to the user experience.
Magnet Wallet 2.0 will have whole new look and more features available with the focus on everyday user.
Besides that we are currently making progress in the energetic side of our plans and addition to collecting data on solar mining we have a now connection to other types of green energy sources.
All this will bring an investing platform for the users, but this is still being put together and way too early for this stage in our development to be discussed further publicly.
More details on the website next week.
So instead of putting Your short sight out on the display - simply move on
But there is a design problem - hyperinflation.
Give Us some numbers if You are so sure about hyperinflation? On what grounds You are suggesting this?
Daily there is around 95 000 coins created, amount differs because the POS blocks are not fixed value.
Half of those coins go to miners and other half goes to MN owners.
Most of the MN owners put their coins up as new MNs because we have only seen increase of MNs.
I have talked with some of the miners and at least some of them are putting up their rewards as masternodes as well to support the network.
So how much coins are actually even reaching the market? right now only 130 000 is available for purchase which is 3-4 % of current total supply which ca. 4.5 mil.
I would say the supply and demand on one market are quite balanced by now. From the current state of the market it is obvious that if there is even a little bit of interest (demand) the 150k available coins (supply) will be very fast bought up. 100k magnets is worth at current price only 1.5 btc. So 150k is max the whole market people are willing to give up. This means people find value in what we do.
Now if interest goes up the price will rise and there will be more coins available for selling if the price is right for the sellers.
So what hyperinflation?
Have You considered the fact, while looking at the coin Specs, that we are having halving in coin supply in about a years time and this is the commonly used way in cryptocurrencies to control inflation?
This was designed so ALL THE PEOPLE who will have faith in Us from the start will benefit the most in this project.
First Year is the cheapest we are on the market. Crypto is going mainstream and there is so much capital coming in coming years..
We are not going anywhere and all is just starting.