Is the florin price below the IPO price?
More people like MUNT, florin is ok for holding but MUNT getting gulden nft early next year.
The problem with MUNT and Florin and will be same with the NFT is blockhut only raises funds from dev funds and nft sales. Blockhut can be cleared of funds and 100s of users waiting to buy which would normally drive the value up but it doesn't. Most of the community don't want to buy on exchanges. When Gulden was on litebit and Nocks the price was higher.
This is why Gulden missed out on the last bull market. We only start to understand how important Nocks was for Gulden, maybe one day a new Nocks will come.
Truth but Nocks did rip off some people in the community with the Ncks token. A community member that was admin on telegram got screwed, when Nocks became a exchange it cost too much for them to maintain so it would not work in the long run. Nocks was much better when it was a broker then when it became a full exchange and started adding other coins and its own token.
The fact that gulden already experienced a microcosmic version nearly 5 years ago of what is now happening with the entire cryptosector tells me that in key ways the entire MUNT/NLG/XFL project, despite "lack of visibility" is actually ahead of the curve in some ways because going forward, less and less people will trust exchanges as a way to acquire and hold their coins despite the continued interest in digital currencies that aren't cbdcs.
Tether, Gemini, even Binance could eventually pop which would essentially reset the whole market, bitcoin included, providing a brand new basis for the entire industry which could really favor under the radar projects with strong fundamentals, strong tech and the ability to survive without huge amounts of liquidity, which is exactly what munt/gulden/florin represents.
Once the liquidity does return, the investor saaviness factor will be geared towards finding these exact durable, non-hyped projects of which the entire centure group of coins could very well set the new standard for the future of adoption.
Just look at the respective supply ratios compared to other very recent, overly hyped defi/smartcontract/tokenomics projects that will all continue to collapse if more exchanges melt down. Meanwhile, None of these centure coins are exposed to these outsized risk factors with exchange meltdowns like virtually all of the currently still frothy evaluations of the top 100 in CMC.
It is not out of the realm of possibility to see these three offerings really set a higher quality bar for digital asset investments in the next 2-5 years.
Bitcoin was started in 2008, all crypto bear markets occurred when the normal markets were doing fine. What do you think is coming for stocks, housing, businesses etc in 2023? We will have a crypto bear market with a global recession for the first time. It's not going to be pretty.
The 100 million premine will have to be sold on the exchanges to cover costs for centure as less people will have money to buy into crypto. The community will have to split their investments into 3 different centure projects and pray for the best. The 100 million premine looks to be dropping fast and I am willing to bet another 100 million premine will be needed to cover costs.