Question about Infinite supply altcoins

[FirmWars]

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

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[crwth]

Upon searching the "POKT" and Pocket Network, you meant this, right?

https://www.pokt.network/

It will be worthwhile if it goes viral or something, but having an infinite supply could cause problems for an investor. The value of the token we want to decrease has a higher chance of being worthless because of that infinite supply. It's going to be turmoil.

[Jackl87]

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

I agree with you, that usually projects that have a token that is deflationary is way more attractive to investors because if you buy now and more and more tokens get burnt over time than the tokens that you have are getting more and more valuable automatically. That is not always true in reality though obviously because if a project is bad and is not delivering then it also won't matter if their token is deflationary or not. It's price will still go down.
I recently bought some Cosmos even though their supply is also inflationary, but the project itself is just so attractive, at least to me, that i still bought some tokens. So far the price performance of Cosmos is pretty good, even though the token supply is inflationary.

[sunsilk]

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Only you can answer it if the risk is gonna be worth it. I don't invest in altcoins that have infinite max for its supply.

That's why I can't tell if it's worth the shot. Since you've mentioned that it's a turn of to you then why you're asking if it's worth for anyone to invest on that type of altcoins?

Then, from the beginning you should avoid such projects if you think that they're a big turn off.

[BIT-BENDER]

The fact that a project would make an infinite supply of their coin already would make me suspicious about that coin. It isn’t necessary a crime but the fact that they have an infinite supply make the chances of them manipulating there coin high.

[bussybuddy]

Obviously the problem here when people dyor coin/token will see many altcoins with infinite supply. I used to be as skeptical as OP, but I put the problem to other products if they have no value then people will not naturally accept to trade them, of course many risks can not be guaranteed. And with OP's suggestion then I think you can read about ETH again, that will help you to see the difference and chance to get better position.

[Apocollapse]

Are you sure? the price of this token is keep declining despite the whole crypto market are green because of the Bitcoin price is increase, I don't think this token is good if you want to make money, because it's seems the token doesn't focus to increase the token price, but they will keep create new token out of thin air and that's will make the price of the token will not increase.


https://www.coingecko.com/en/coins/pocket-network

[Dr.Osh]

too many adverse side effects if the project has an Infinite supply. prices to be manipulated, tokens not to be burned, and many more. it will make the project more and more worthless. I think it is very risky to choose such a project to invest in. in fact, a token with a very large supply is enough to arouse suspicion from various parties, while this project dares to make its supply unlimited. then, what are the advantages of the token if the supply is Infinite?

[zasad@]

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Annual inflation must be justified by the development of the project or the growth of the ecosystem. If inflation is high and the ecosystem is not growing, then this is bad for the project. Ethereum has an infinite supply of coins, but a lot of coins are burned, so inflation is very low. Up to 10% inflation can be considered normal, but the project must develop. Otherwise, the price of tokens will fall.

[DanWalker]

Assessing a good project or not includes many factors, not just supply. Don't jump to the conclusion that an infinite supply is not good or unattractive, don't forget that ETH is also designed to have an infinite supply. So far, ETH is still the top altcoin, and not a single coin can replace it even though it has changed the mechanism and is burning a lot of ETH every day.
I don't know about the project you are referring to, you need to do careful research when making an investment decision, and supply is not the only factor in evaluating a coin.

[OcTradism]

It will be worthwhile if it goes viral or something, but having an infinite supply could cause problems for an investor. The value of the token we want to decrease has a higher chance of being worthless because of that infinite supply. It's going to be turmoil.

Infinite supply is a serious problem for any coin in eyes of investors who feel more risk and less chance of growth for such coin.

However, risk is less and chance is bigger with Proof of Work algorithm. Example is Dogecoin.

Risk is bigger and chance is smaller with smart contract token. Investors feel fearful that new massive circulating supply will be minted by developers or hackers within few seconds. If anyone doesn't know about such effects, see Terra $LUNA now is Terra Classic $LUNC as an example. After massive minting from Do Kwon team, that token fell to hell.

Coinmarketcap marked tokens with mintable Mint function in smart contract on their website. It is a good warning for investors.

[Wexnident]

Is the economy of the coin actually working with that infinite supply (if that was somehow possible)? If it was controlled, and the influence of said infinite max supply was only for certain economy-breaking situations then it may be okay, at least until everything goes wrong (which in most altcoins is always the case anw). Still, just the fact that they use an infinite supply model is already a red flag in most cases, wouldn't generally recommend it as an investment really.

[MAAManda]

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

Before you invest in an altcoin, make sure you have researched everything about the project, I mean, don't be a stupid investor who only believes in the vision of the project. BTW, Ethereum also has an unlimited supply, just like the Pocket Network, but Ethereum as the L-1 network acts as the parent of all transactions on that network, besides that, the ecosystem on Ethereum is also very large, so the supply is unlimited no longer a problem for people. I suggest you to read Pocket Network Tokenomics first, before investing.

[hugeblack]

AFAIK, Ethereum has an infinite supply and yet it is attractive to investors, so the unlimited supply option is bad for long-term trading for more than 3 years, because with a 99% chance of a price drop, it is more likely.

As for the medium and short term, how:

 - distribution of those coins.
 - Percentage of ownership of the developer team and central platforms.
 - Coin burning rate and who can burn.
 - The mechanism of generating currencies and whether it is limited every period or infinite.
 - The current number of coins.

It is what will determine whether it is a good or bad investment.

[VRExpress]

The project is not bad, they are already in partnership with big projects throughout crypto space, that's good enough, you can invest some amount of money and mind you, this project is still fairly new, meaning that a good price can still be achieved in coming years, do not use present value to judge the future performance of the project.

[naikturun]

just like doge and shibainu they are still at risk and have the opportunity to fail, but if you look at it from the community it seems that it is still very far away, and it is also undeniable that your project can be like that just do more in-depth research and always pay attention to the roadmap.

[GEMIN_M4]

To me it makes a little difference, focus on what the project is solving, if it's good enough it will get better, the value keeps dropping for now but it can still make a turnaround later, the choice is yours to make, I kinda prefer tokens with very small max supply, from 10million to 400million max, they always look more attractive and deflationary too.

[DeathAngel]

It depends if there is a keen, maybe even obsessive community behind it. The SHIB supply is borderline ridiculous but it still pumped hard & did very well during the last bull run.

Obviously supply cap coins are a lot more attractive & in my opinion will be much more lucrative but there is money to be made in the right big supply coins/tokens. It might feel a bit like roulette picking the winners though.

[pawanjain]

Friends, can you invest your money on an altcoin that have an infinite max supply? I have interest in a altcoin, it have the ability to render RPC service to other crypto project, but the infinite supply is a big turn off for me, do you think it's worth the risk? The name of this project is POKT, Pocket Network.

You are going on the right path. You have to do the research before you put your money in any project.
Infinite supply is surely a spoiler but at the same time we also have to look at the development of the project and the team.
If the project is worth it and has a good team and community then we can try our luck by investing some of our money into it.
But if any of these are a red flags then we should reconsider our decision about investing in it.
Too many red flags are a sign you shouldn't go for it.

[pergola]

Base token projects are unlikely to bring long-term value and are often mercilessly dumped regardless of how much the project owner develops the project. There will be a lot of improvement in the way the project's tokens are issued. Nodes will have to vote on the projected reform. Either worthless or changeable.