Post
Topic
Board Tokens (Altcoins)
Re: [ANN] 🔥PYRO Network (PYRO)🔥 - Social Network Staking & Deflationary Token
by
SpydrZero
on 21/02/2020, 09:34:43 UTC
Thank you for sending us a number of pyro token payments as airdrop participant payments, but I want to know if the pyro token will plan to register at a large exchange in the near future?
Because I think if the team continues to develop products without adequate exchanges, the project will be very difficult to run in the future.
Why is that? Sure, getting listed on an exchange with big volumes of trading happening would be great but why would it be difficult for them to run this project in the future without it?
They are running it now even with just little to no funds at all right? Also, those large exchanges charge a lot of listing fee and since this project doesn't even have an ICO/IEO, it's safe to assume that the team doesn't have enough funds to be used on new exchange listings.

Because we know now if investors would prefer to invest with projects that have registered their tokens in large exchanges, so that investors don't feel worried if their money will be lost just because they invest in crypto projects.
If you've been following the trends of most deflationary tokens, they aren't meant for long-term investment, they are only meant for short-term, a "buy now sell later when it's profitable" investment type.
Knowing the token would slowly decrease its overall supply is a guaranteed increase in its value (assuming the demand for it will be stable or continues to increase), anybody who buys this token wouldn't be that much worried about getting it listed into larger exchanges.

We aren't the typical deflationary token. Our token does not self-destruct rather it stops burning when the supply reaches 10,000,000 of 1,000,000,000. Also we are listed on Mercatox, Coinlim, Token.store and dexes and other CEXs not listed on CMC however we are tracked on CMC https://coinmarketcap.com/currencies/pyro-network/

I'm curious, if people hold their tokens long term, the supply will take a very long time to reach the 10m right? Interesting dynamic and yeah, I don't like the fact that other deflationary tokens self-destruct

That is why I made PYRO. Self-destructing tokens are a cool experiment but nothing more. PYRO has utility and the value is driven strictly by the public