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Author Topic: Thoughts on Qwark and the upcoming burn  (Read 2256 times)
HippiePyro
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August 14, 2017, 04:08:54 PM
 #1

So the twitter page for the dev''s of qwark coin say they will be decreasing the total amount of qwark by 50% tomorrow. I'm curious what your thoughts on this and the coin as a whole are?

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HippiePyro
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August 14, 2017, 05:56:58 PM
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Anyone? This would in theory double the value of the remaining coins but idk. Could really use another opinion. Thanks

HanJ
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August 15, 2017, 07:55:45 PM
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Hi Hippie,

My answer is not helping you but I have heared this as well. I assume price will at least double and even more because of the buzz it will generate.
lukey
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August 17, 2017, 03:08:21 PM
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The burn is tomorrow, and it's pumping pretty good right now.

What does this coin do exactly?
Maheshkumar_Hrangkhawl
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August 17, 2017, 03:17:12 PM
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Anyone? This would in theory double the value of the remaining coins but idk. Could really use another opinion. Thanks

It doesn't work like that always. From what I have seen from the altcoin airdrops, the increase in supply only have a limited and temporary effect on the exchange rates. I have noticed this from the Stellar Lumen and Byteball airdrops.

HippiePyro
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August 17, 2017, 03:29:53 PM
 #6

This isn't an air drop tho. They are removing 50% of the undtributed coins from the program. Cuts the total possible supply down a 3rd

fredericos
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August 17, 2017, 05:41:36 PM
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wow! this is looking good! i think we have another 100% coming
Hallmader
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August 17, 2017, 05:49:29 PM
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Damn I fuckin missed this. Tomorrow is burning of supplies. My friend is too late on reminding me today. Why I cannot see Qwark announcement thread here?

HippiePyro
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August 17, 2017, 05:57:16 PM
 #9

https://bitcointalk.org/index.php?topic=1537615.msg20964192#msg20964192, this coin used to called SARS. Also I would be wary with this. The bittrex market went down for an hr and the price dropped 25% when it was reopened.

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August 17, 2017, 06:10:48 PM
 #10

The big move before the burn is still to come
BoldThinker
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August 17, 2017, 06:41:28 PM
 #11

Does anyone know around what time this coin burning will occur?
fredericos
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August 17, 2017, 07:55:57 PM
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i think in 12 hours, likely to keep rising
HippiePyro
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August 17, 2017, 08:49:55 PM
 #13

https://mobile.twitter.com/qwarktoken?lang=en this is their twitter from CMC.
https://bitcointalk.org/index.php?topic=1537615.0 the ANN thread for the original coin. Looks like a similar distribution time as bitcoin but all premined and dispersed via the mining pool rewards. Very odd. But this may have changed when the name did. I still can't find anything recent from debs aside from twitter

Kmdr
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August 18, 2017, 12:24:17 AM
 #14

I've stocked up and watching the price go up. The burn is later today, not sure what time.
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