Post
Topic
Board Announcements (Altcoins)
Re: STRONGHANDS - Community Take Over
by
Noruka
on 28/02/2018, 20:27:07 UTC
The problem that I see with coinswaps is that the price never seems to correct the right way. I've seen this happen in other coins. If you do a coinswap 5 million to 1, that would technically mean that the new coinsupply is a lot lower and the price of that new coin should be 5 million times higher and that might not happen

if one Stronghands would be $0,000001 for example, the new coins should be worth $5   I don't see this happen really.  So a coinburn/swap could seriously affect marketcap

What do you think about that?

Why should a coin swap actually affect the market cap? There is no single fundamental element changing, and accordingly there shouldn't be a change in the market cap.