Post
Topic
Board Announcements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
Enriquerow
on 19/10/2020, 09:55:23 UTC
How long will it take for Rijk to dump the coin to under 50?

Text from the dactual block explorer,

Transactions
This is the address for Gulden Development. From block number 1030000 this address will receive 40 Gulden for each block and from block 1226652 80 Gulden. That's why we don't show incoming transactions here.

https://www.dactual.com/address.php?address=GPk2TdvW1bjPAaPL72PXhVfYvyqEHKGrDA


Rijk dumps 1 350 000 coins every month, add others who are silently selling for huge losses because of Novo and you have 50 sat without much resistance. The development reward is worth $9300 a month with a price of $0.0068





I am comfortable to start buying above 50 satoshi for a longer term hold. $9300 a month is not much for a development team and other expenses they might have. The GAB has also promised the reward will never increase, only decrease when the price goes up. The max supply will always remain 1.68 billion in 2055 according to the OP.