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?
Why is everyone complaining Novo is getting special treatment?
Differences:Novo Max supply: Original Max supply 10 billion. Early investors buy in and max supply changed to 210 000
Gulden Max supply: 1.68 billion
Novo Reward: 0.1 with halving and no dev reward
Gulden: 160 with no halving and half the reward to pay for Gulden and Novo development
Novo Witness reward: 75% and miners 25% of 0.1
Gulden Witness reward: Witness 18%, miners 32% and developers 50% of 160
CompatibilitySame development team
I see no reason to be complaining like little bitches in this forum, suck it up you fucks!
Troll! Your post would of angered me last year but I am at peace with Gulden. Its not about making money with Gulden but being part of a decentralized project and development that is better then top 50 coins.
Plenty other coins setup like Novo to make big gains but you can also make big loses, I will buy Novo because of the development team but not because it has far better chances of making profit due to low rewards or halvings or small max supply. Most coins I made money on were similar to what Novo is.