Thoughts on Qwark and the upcoming burn

[HippiePyro]

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]

Anyone? This would in theory double the value of the remaining coins but idk. Could really use another opinion. Thanks

[HanJ]

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]

The burn is tomorrow, and it's pumping pretty good right now.

What does this coin do exactly?

[Maheshkumar_Hrangkhawl]

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]

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]

wow! this is looking good! i think we have another 100% coming

[Hallmader]

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]

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.

[fredericos]

The big move before the burn is still to come

[BoldThinker]

Does anyone know around what time this coin burning will occur?

[fredericos]

i think in 12 hours, likely to keep rising

[HippiePyro]

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]

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