~snip~
So, why scarcity and low supply? Because, by investigating supply and demand, a low supply can help achieve a greater price. Sure, people would then just buy smaller amounts and generally all will be the same, it would help provide extra funding towards the pre-mine, which helps us donate larger amounts to charities, it would be more impactful then a coin with a larger supply.
I was explaining that if we ever get too low in supply, we would just increase the supply with a fork. I just feel as is this will help increase the value of the coin which can be an attracting deal.
I understand the reason behind the
why you aimed for scarcity, if I ignore for a second the probability of logically impaired the aim is (explained further three paragraphs below). My question is
how will you create a situation of scarcity, if the supply didn't really depletes.
Let's assume with number, let's say you have 5,000,000 aspire token. Due to impulse, people will only buy when they want to donate, thus, on normal day, your token will still be around (for explanation purpose) 4,500,000-4,750,000 because no body holds it on their private wallet. So
how will you create scarcity if your token has little to no purpose of being held on someone's wallet?
Situation became even more impossible to achieve scarcity, i.e. extremely low supply, because you even have a plan of forking when the supply depletes. It's like you're going against your own words.
And mixing (1) low supply to achieve higher values, (2) buying the token on an impulse, and (3) donating the bought token immediately for charity case, in one purpose is rather logically impaired. People will donate fiat-wise, and transferred the whole bought amount of tokens to the charity organization(s) immediately. Means, your current rate will not affect much.
On 2019, your token rated at $1=100aspire. Holy wanted to donate $1,000 to an eruption of Mt. Etna. Holy got 100,000 Aspire, which UNISDR immediately liquidate for $999.75 (minus transaction fee). On 2025, your project somehow still working and miraculously achieved scarcity, rated $1=1aspire. Holy wanted to donate $1,000 for third world children, bought and got 1,000 aspire which UNICEF immediately liquidate for $999.50 (minus transaction fee).
Got it?
What you wrote above is exactly what we want, people simply buying and using our coin to donate, even if it will be on impulses and not to do with gaining or earning money, that's not the case we want specifically. It'll also be likely that you will only be able to buy ASPIRE on the future ASPIRE Exchange.
This is mainly to make it easier for users to buy the coin, as it's not meant to be traded for profits, but rather for donations only. So limits and regulations will apply. I'll see in the future though, we announce these things on our Discord.
again, contradictory sentences and decision. You want to make it easier for future user to donate tokens by having them to be accessible only through your own exchange? Yeah, certainly it's very helpful and far easier than if the token can be acquired on many exchanges. I mean, it would surely be more challenging for people to buy the token on cryptopia or binance where they already had an account in, than creating a whole new account in a site that's entirely new (and only offer the said specific token pairs, if I may add).