Novo had some profit takers today, after making over 2500% on the IPO the price was too tasty to resist for some.
All this from making good decisions by reducing max supply from 10 billion to 210000 and introducing a halving soon from 0.1 to 0.05 per block. Miners won't be able to crash the price and if traders sell they might never get back in for the same price.
Witnessing reward will be increased to 0.075 of the reward and miners 0.025.
No pressure on the market and witnesses coins can't be spent until the witness period is done.
Gulden developers developed the witness tech and the Gulden advisory board is watching the positive impact on the price action from the above changes.
I spoke to one of the traders on slack and he says with Gulden because 100 000 new coins are coming onto the market every day and this continues for 35 years more there is no incentive to trade Gulden up because the next day 100 000 coins could be sold back on the exchanges.
Imagine Gulden without this pressure and a brilliant development team. It will be a life changing event.
The impact looks good on Novo, the price was trading under $1 and today $18 if I look at coinmarketcap,it looks like most people are done with profit taking and the price is going back up?
Did the meeting bare any fruits or is Gulden going to treated differently with rampant inflation?