Re: [ANN][CRYPTONOTE][AIRDROP]⚡️ Electronero ⚡️ ASIC Resistant Electroneum HardFork
This week Electronero core will announce supporting exchanges and trading pairs!
how will you prevent Electroneum from depressing prices of ETNX for years to come when they will control close to 7 billion coins outright with a 1:1 swap? they could sell 1 million coins a day for 20 years, how will you create enough demand to sustain that, I just don't see how this coin doesn't get destroyed quickly with that looming over its head...
(quoting one of the "selling points" of this coin in the first posting of this thread)
"""another 7 billion is apparently being held up to feed the mobile miner. These extreme figures represent a big risk for users due to a large amount of capital being controlled by the ETN team"""
P.S. side note, you doubled this very problem setting some aside YOU control for the mobile miner, plus and almost equal amount set aside for you, so you tripled the problem you use as a selling point why we should use this coin.
Different token supply so we don't agree the numbers are simply not the same at ETN they conquer 56% of the token supply at ETNX we have 6% of the total token supply. Which do you choose ?
you once again are dodging the question...
with Electroneum having 7 billion ETNX under its control, how will you stop Electroneum from selling 1 million coins a day and depressing prices of ETNX for the next 20 years? thats how long it could take to sell through 7 billion...
they have no reason to keep your copy coin, so why wouldn't they sell a constant stream of them in order to use that money to fund their own coin, you keep dodging how you plan to deal with this very big reality for investors...
In the grand scale you are still not taking into consideration the new ETNX token supply of 210,000,000,000
1 million ETNX traded per day is not going to effect market value negatively if they (ETN
DEVS) want to pay the fees at the local markets then they are more than welcome! I am sure Electronero exchange partners will take that into consideration and the volume will simply help influence ETNX growth on larger markets.I repeat, 7bb ETN (albeit 7bb ETNX after the hard fork) in the scope of 210bb ETNX total token supply is not more than 4% of ETNX total token supply at risk of ETN control... From ETN perspective again I repeat they control 56% of ETN coin supply! ETNX is decentralized, that is our move against market manipulation which they currently have a stranglehold on ETN!