Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LMC] LoMoStar - First built-in Cryptocurrency LBS Entertainment App
by
carlosgb
on 27/09/2018, 15:04:11 UTC
Hi,
I'd like to ask a question about inflation, I look at the inflation rate on this website site https://medium.com/@CryptoKrunch.com/lomocoin-investment-analysis-4454bcdeab33 following that table it says that the holders of LMC that have 1000000 LMC or more would get at least 24% interest rate.

I take a look at the explorer rich list and the same says that at least 75.7% of the wallets have more than 1000000 LMC. Adding all up to a total of 249588361 LMC, that is more than the total circulating supply on coinmarketcap. So 24 % of 249588361 equals to 59901206 divided by a 365 equals to 164112 LMC coins created daily for the holders. Ok, at the current exchange rate that is not much, but still a really high inflation.

Another thing that I noticed, how come a POS coin with a total fixed amount of 1 billion LMC will pay its holders after 1 billion coins be created?

I know that your project is opensource and all that and you guys want to build a social community, but for the looks of it, you guys look like a normal company to me, and the only exchange that LMC has trading volume is Bittrex. I think you guys need to make coinexchange.io a top priority and put some market-makers and takers there to make the ball rolling there as well. A Bittrex delisting now would be a total failure for the project.

I like the concept idea of the project, but this inflation rate and concentration of trading volume on Bittrex, an exchange that delist coins for no reason is keeping me from investing in LMC.  Cry