Ninjastic
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Board Tokens (Altcoins)
Re: [ANN-ICO]MODULE-Cryptoeconomic ecosystem on a decentralized file storage network
by
Saidmod
on 20/03/2019, 17:53:57 UTC
Quote from: lobat999 on March 20, 2019, 09:50:44 AM
Quote from: Bowtiesarecool on March 20, 2019, 08:07:15 AM
Quote from: differup on March 17, 2019, 12:22:46 PM
Quote from: Bowtiesarecool on March 15, 2019, 12:03:46 PM
Fresh off the printing press, Module has another update for the community. This one deals with MODL tokenomics and has an interesting piece about the difference between a coin and a token. Have a read HERE

I am confused in article they said MODL is coin not token but MODL based on ERC-20 tokens as ICO platform they choose ethereum for sale. Also the total supply in there smart contract shows 3.75B and in article they write 15B  Huh

The current MODL is an ERC20 placeholder token that will be swapped for the coin when the blockchain is released. MODL is developing its own blockchain and will swap the existing ERC20 tokens for their own coin. And the total supply is 15b. 3.75b is circulating supply

Correct! MODL for now is just an ERC-20 token and will become a native coin once the platform has been released. For more information, please see its whitepaper at https://modltoken.io/doc/whitepaper_en.pdf .
Nice, this MODL even though they not reach the hardcap it doesn't bring them down. A big future awaited for their coin once it was fully working. Nowadays eth token or token based are not so good and the real thing is if a company can create their own blockhain they can much more maximize its use unlike having it in erc20 token they are only under the eth blockchain.