I also think that 20 Billion is a way too much, hope that there will be a hugh number of burned tokens, otherwise the price will decrease very much.
Hi Karlu,
may you let us know what you think the total-supply will do to effect the market-price to decrease?
Because when people See there are billions of coins they pay less Prices because of the high amound of tokens.
If somethink costs 0,0001 Or 0,00001, there is not much difference, but i would rather buy a 1 Coin than 1000 of 0,001 Coin!
Actually during the recent ATHs people bought high supply coins that costs only pennies, because they could own more coins that way. Newbie investors tend to buy cheap coins because in their mind the coin with 5b supply will reach BTC price one day. The coins that were hyped so much during the Dec/Jan were cardano, ripple, stellar, verge, all coins with a billion+ supply. Only the more veteran investors care about the total supply. The newbies don't care, they just want to become rich quick. So when we start entering a bull market again it does not matter what the total supply of PCL is.
I do agree 20 Billion is a bit much, but I personally think that the burning of the unsold tokens will solve this.