I don’t think they have changed the whitepaper yet.
That is the old, the new will be half of that.
Around 2 200 000 000 will be the new max total supply, if nothing changes.
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The price is stagnant/dropping because if the following too
So the current iteration of the network is not a Beta then?
It’s certainly a Beta in proving the networking fundamentals work. It has also demonstrated that there is more work to do on transactions than we had hoped.
I hope the price does drop more, so we can buy more
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I think this is a great time to accumulate. There’s a bit of despair and confusion among some of the community, which may be suppressing price a bit, and there are multiple upcoming events that could hugely increase eyes on the project. The network will become far more tangible when user-facing apps start rolling out, and excitement will build.
There may be more opportunities to buy in cheap in the coming weeks ahead of usable apps, marketing, and partnership announcements, but once this thing starts gathering steam, a little extra demand could push the price up a lot.
I’m keen to hear the updated plans for TGE and token emissions when they’re published.
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-2%… I would think people having been around for a while would’ve seen real drops… That’s not even worth mentioning…
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$0.43 ish - how much cheaper do you want it?
BTW if I had a spare $4-5 k I could move the price to $0.54 ish
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For a very few who are quick… There is no real volume for sale at these prices.
The diamond hands are hodling ---- as they should. Most action on BitMart is bot circle-jerk stuff.
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I wasn’t necessarily meaning cheaper than $0.43, but that it may be possible to buy some in this range before excitement pushes it way up.
You’re right that buying a big quantity won’t be easy without pushing up the price, but I expect now is a better time to try than in 3-4 months time. Even now, I guess OTC is the only option for very large buys / sells.
I think there is some arbitrage bot, that’s trading with Uniswap pools, so if someone puts a big buy order, I think the bot will fill it with Uniswap arbitrage.
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I highly doubt the native token will be launched in 2025, hopefully a couple of years, I hope I’m wrong.
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This is true, but even so I think the uniswap liquidity + BitMart liquidity added together is still pretty small, hence the big pumps when there’s any hype (previously up to $1.20 before coming back down to current levels).
If someone wanted to buy 1m eMAID, I doubt they’d get it for $0.43 unless they found an OTC seller willing to do that.
I’m surprised (not really) that it hasn’t tanked further.
The market is small and pretty stunned in terms of what to do.
Considering the ones happy to convert to ERC20 were relatively small in number it should have moved one way or the other pretty easily. Thus I come to the conclusion that people as a whole don’t know yet whether to love the idea or hate it and are perplexed as to whether to buy or sell.
Another consideration is that the ERC20 token will be fully minted from the sounds of it. And as Jim was saying reducing it to 50% for the ERC20 phase reduces dramatically reduces the 70% that would have to be held if they did not reduce it.
Its seems the whole 50% will exist once the token is created in Jan and the other 50% may come about when the Native token comes online (assuming it does). Jim would not say yet how that 20% emissions amount will be handled and left it to be all laid out in the new paper coming
January for the native erc20 token. Yes they have said native erc20 token, but I think that might have been a typo LOL. In saying that it has been a wee bit confusing.
So Jan for the real ERC network token. End Oct for test erc20 token
Unknown for the Native network token as that has yet to be fully written.
Now if an engineer gives estimate to boss the boss doubles it and doubles it again, unless the engineer is a seasoned one and does that before giving it to the boss.
Now if a computer science person gives an estimate, he has half the time first then pretends its accurate. And is usually taking 4 times the time as their original estimate was before halving it.
Basically you always double the public estimate to get an absolutely earliest time
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Well, data storage on Autonomi is sure to be revolutionary. The currency supposedly not being as important doesn’t make much sense to someone like me who has always believed that it will come to be more valuable than gold or any other currency in existence—which could be naive, so just let me know. I am struggling to figure out how investors will look at the network as a whole in the future, now that the native token ETA is apparently unknown? To me the data is the value, and the currency is representative of that. How do you define that value? That’s what the native token should strive to be.
It’s always a struggle to balance this stuff, so I imagine that development will focus on the network as a whole—which indeed is a larger aspect of code base than figuring out the native token (regardless of the latter, to me, being equal in value in the end game). There’s only so much I can speculate before a computer science person or engineer is able to hop aboard with explanations, whenever that is to happen.
…
I was under the impression it wouldn’t take another number of years. Given that the non-native (but still viable for original IPO token transfers) TGE and everything regarding the basics (besides native token) has a set date before February, it almost seems like the native token could be put on a backburner regarding effort towards it.
Although, the new paper/route/map whatever it’s called does say that MAID (and eMAID if they feel like it?) holders can still wait for the development of the native token, before deciding to transfer to the network. Thus, maybe there’s still that final development cycle pressure to get it to happen.
Until then, I imagine price pressure should still be upward, but there will be not as high of a pressure—compared to the native token being active starting before February. …Unless there will be, and maybe I know nothing. I’d say a tiny downward price pattern could happen soon, since others seem to be in the ballgame currently for that based on responses here; but generally I don’t like seeing prices crack through such a small volume market’s floor, even if it always bounces back, and hopefully does very quickly, or doesn’t happen at all, but fine sure if it does whatever.
The native token will not be available before February, it has no delivery date, it is not being developed right now.
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That’s correct.
No this is incorrect. It’s 50% reduction in the max supply overall. We won’t be introducing more tokens later on. Max is max.
ERC20 vs Native is just a flavour of the same thing.
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How will the native token be introduced into the network once developed? How will they be able to coexist?
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Are you going to double the money supply by creating inflation to give a native token to each erc token owner and let the market decide? Because I don’t see any other way to do it.
If the other option was, whoever wants, to exchange the ERC tokens for native tokens 1 to 1 and burn the ERC tokens, I don’t think anyone will change them, so the native token will be stillborn.
Let me explain, since there are two tokens they will be quoted at different prices, let’s imagine that the launch goes well, the network works, grows and the price of the erc token reaches a high valuation, who in their right mind is going to exchange that token for another one that nobody knows how it will perform in the market?
The logical thing would be to wait and see how it goes, and if the native token exceeds the price of the ERC token, then the 1 to 1 exchange would be carried out.
Therefore, if we all wait and no one exchanges it, I don’t see a future for it.
I’m sure I’m missing something… opinions?
We’ll share plans when we can, but let’s not get ahead of ourselves!
A bunch of chat on that in the other thread.
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Well, I think it depends whether you think the features of the currency are most important, or what it represents.
A fast, private, scalable, digital currency is certainly desirable. It’s what ignited the imaginations of those in the crowd sale, when everything in the space was about cryptocurrency. Bitcoin has long become thoroughly established and entrenched though.
However, even with a less feature rich digital currency, you can argue its value would still be derived from the underlying data. That data has value and essentially backs any currency associated with it.
So, imo, both routes have potential for high value. Combining both is preferable, but the primary network feature is data storage first, currency second.
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