Whats the max supply of the coin?
It is 1 Billion LTK but the more interesting artifact is that the block reward will half around every YEAR - far faster than Bitcoin
This does create a higher initial supply which actually depresses the price but is likely to trigger significant price action when the halving occurs in about 9 months
Another way to value it is market cap - Doge is currently $1.8B
If you consider the price of LTK MIGHT jump at the halving imagine it might have a market cap of, say, $2b (just run with this for a while)
In Oct 2018 the mined coin will be 450M LTK - that's about $4 per coin
The current value of LTK is $0.00066 which is about 6000 less than Doge
Perhaps it is being mined steadily as a long term "punt" and accumulated at the current low price in order not to drive the price up
In case you point at me saying "core hype" i am happy to share that i am an independent developer working on an android wallet that is almost ready, but with no time to finish it
I work on a Bounty and the reward for delivery at today price will be $170 (dollars, NOT k)
So what would happen if i implemented atomic swaps with Komodo, got the coin posted at Barterdex, (like a coin not far from me) - then look at the amount i would have to expend to drive the price up 10x on TradeSatoshi artificially - there is 1.1BTC sell prices leading up to 50 sat - yes the arbitrage would suck in some value from the miners covering some costs and flow from other exchanges
Imagine i release an android wallet at the same time, a desktop wallet for Mac/Window/Linux and a cute USB bootable wallet, and roadmap for the atomic swap with Komodo, and then the changes needed allow the coin to support Lightning & Rootstock on the roadmap as well
That is all very good if i was a core developer with a high initial stock - maybe shitloads pre-mined
Don't misunderstand me - the premine/prelaunch on this coin is very very low (around 4%) - there is NO early store of, maybe 10-50 BTC from an ICO that can be used to drive/manipulate the price, so it has to be organic. I was an early (but not pre-launch) miner, so i have a few - but only a few
Perhaps i should start a rumor that it might be listed on Cryptopia or even ... Bittrex !!
So i HODL, i mine a little, i collect - the more i collect the higher my reward for the wallet will be - hey i might make $200+)
I could mine/buy at a cost of about 4 sat for as long as i can get away with it
Now, about that wallet release date
And a long list of other stuff to do on other projects ...
What should i do ?
