Genesis currently has a supply of 16 million tokens. As agreed by the community, this will be reduced greatly to just 2 million tokens, making us one of the projects with the smallest supply of tokens.
The token swap will be conducted at a 10:1 ratio. For every 10 Genesis coins you hold, you will receive 1 STRX token.
10% of 16 million is 1.6 million, so where do the 400,000 tokens come from? More importantly, who is going to get them?
Even though the supply is smaller, this swap is effectively a dilution of 25%.
I can tell you that the reduction of supply and creation of extra tokens was discussed and accepted by the community in the telegram channel. The devs did this because we, the community suggested it. Yes, there are 400,000 extra tokens but Storex has much more potential than Genesis ever had. Without other sources of funds the devs need those tokens for development, marketing and giveaways.
I just receive my token swap Genesis to STRX Token, now STRX Token has very low supply, i hope this will increase the token price.