Guys Im quite sure I know whats going on. Im about 95% sure I can solve this. First I own about 7% of the money supply.
Inflation is a killer of any coin. Thats been proven over and over again. But the opposite can be a killer too, where its so rare that people just dont want to pay for it.
Example : Do you see people lining up to buy $500,000 exotic cars? No. Because only a tiny percent of the population has that kind of money. If you are able to afford one of these, its a bastard to sell, because nobody has the money to buy it.
The price for this alt is so extreme that nobody will pay the price for it. So youll only ever see me say this once: Inflate the coin.
As the creator of FLY coin, I studied the economic factors of Crypto full time for a year and a half. Here is what I found:
The money supply has a direct tie to the price of the coin. Its not the ONLY factor, but I would say its about 50% of the factor. The other factor is activity of the dev or Lead of the coin, along with the community. So even if the coin leader cannot code, there needs to be someone as a icon to lead the coin and remain active as much as possible on the thread.
When I created FLY. After all my research I chose the number of 150k money supply. I think I nailed it when within 2 months, FLY passed the price of every single altcoin in existence, including Dash, and Litecoin.
So My advice to you guys is fork the coin, and purposefully inflate it. Layer the POS %. 24 hour min stake age. Start aggressive:
for 30 days at 500% Apr,
31 days to 90 days 100% apr
91 days to 180 days 50%
After 180 days 50% POS with 7 day min stake.
The goal is to get around 100k-200k coins. Thats the "sweet spot".
Also no max age=nobody opens their wallet but once every month or once every 2 months. Needs to be max age 28 days.
Consider the coins already out there as seed coins. They will be very valuable in the beginning as they will be the coins that will generate massive other coins. When people discover that these "seed coins" will create other valuable coins, then the trading begins.
This will bring enormous interest back to the coin, and make it affordable for most.
I respect the concept of Double Eagle and 100 coins, but it just is not working.
Change logos to now read "100K". Still rare, and valuable. Market cap will skyrocket.
Ill be honest Ive been in XDE since V5, and I couldnt tell you who leads this coin, and makes the decisions. I beleive its uki , marcetin or mblados, but then when I asked, I was told its not. So its a community coin I think. Thats a BIG problem. So if this coin is to move forward, and succeed, there needs to be 1 person to lead the team, and that needs to be made clear who that is. Also is there a dev that can code for this?
These are the many problems why this coin is not doing well, AND it SHOULD!!
Let me know before you throw in the towel on this thing. It CAN be turned around and made very valuable!
Vegas
i agree with that but need a dev
mblados was certainly a good dev but impossible to discuss with him and he lost all support from xde communauty
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