Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on December 15, 2020, 01:53:13 PM
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So far, I count a project as potential when the team only holds no more than 15% of the total supply, because if the team members hold too many tokens, they can sell off, causing the token price to drop as soon as the bull run starts.
And we see that risk most evident in the case of XRP & Ripple. Ripple holds 62% of the total supply, equivalent to 62 billion XRP tokens, the fact that they lock 55 billion XRP and release 1 billion XRP per month also does not help the controversy associated with the token sale of the team members. As a result, the XRP community is asking the team to burn 48 billion XRP that the team holds.
XRP is not a true cryptocurrency, they are centrally operated and easily manipulated by Ripple itself.
In your opinion, what percentage of the project's total token supply should the team hold? Some teams of newly emerging DeFi projects are not even owning project token, is that the solution and current trends?
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I totally agree with You sir.There should be a fixed percentage for the team for the fixed period.Also there should be ban for sale of token team for a fixed period and then release token gradually.In this way project can survive.
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In my opinion the team holding more than half of the total supply of coins is bad in the eyes of investors this will always create a doubt for the team and so the success of the project is near to doom. If the team want to hold some from the total supply of their coins I think 1% is enough and an the unsold must be burn. I can say that ripple is just lucky maybe because of being centralized.
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In my opinion the team holding more than half of the total supply of coins is bad in the eyes of investors this will always create a doubt for the team and so the success of the project is near to doom. If the team want to hold some from the total supply of their coins I think 1% is enough and an the unsold must be burn. I can say that ripple is just lucky maybe because of being centralized.
I really hope that the XRP community will succeed in asking the Ripple team to burn 48B XRP - a $24B asset. This will give XRP tokens scarcity and freedom in price movements.
I am afraid that 1% will not motivate the team to work & develop the project ^^
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In investing, we should not only consider the quantity of the tokens but also the quality. We may not need to have too many tokens. But several tokens with good liquidity, market cap, and also trading volume are enough. Moreover, those that are good for trading or investing.
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It depends on the project itself. In my personal view, it is no problem if the team members have a higher number of tokens since they are the owners. The most important thing is they can keep the value of the token be always good. Don't dump the token price with their tokens. As they have a bigger number of tokens, those team members must promise to never sell massively the tokens at one time.
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Those teams should accept that all of them are constantly working hard to improve the project. Because the project does not improve by itself. The project improves if the team is committed. If the team does not keep the promise then the project is damaged. I think you need to know the team well before investing.
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I agree with you. XRP has become like a classic example of a team whose members are holding the majority of the coins or tokens and when anybody of them will decide to sell some of them the price of the said asset can easily tumble, resulting into small holders to question the overall viability of the whole thing. Holding coins or tokens can mean power especially if the said assets are already exchangeable. When a project has a team holding more than 15% or even 10% of the total possible supply then that can be a red flag.
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I do not see any significant problems from the fact that the project team has more than 15 percent of its tokens. After all, this is only the possibility of abuse of their rights by the team. Of course, it would be better if mechanisms were in place against possible abuse. Ripple really has strict centralization, but this does not prevent it from being very popular. The token team, if desired, will find an opportunity for abuse. Many DeFi project teams provide their token holders with the ability to fully manage the development of the project. This is a much higher degree of trust and openness, and people will trust such projects more. Cryptocurrency continues to evolve in this way.
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From the investor's point of view, It was a good solution, if the 48Billion XRP will be burn. But I believe the team will not do that because if that happens $24 Billion worth of XRP will be vaporized and XRP will be removed from the Top 3 ranking base on MarketCap for me the best solution to that problem is to dump the XRP coin and jump to another project that was not centralized.
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Important information of The Spark Token Distribution for XRP holders:
The claim formula below sets out the amount of Spark that an individual XRP holder can expect to receive in total.
Spark claimable=XRP ownedXRP total - XRP Ripple - XRP NPE ∗45 Bn,
where the variables are:
Spark claimable: The amount of Spark claimable by an XRP address.
XRP owned: The amount of XRP in the XRP address at the time of the snapshot.
XRP total: The total amount of XRP in existence at the snapshot date.
XRP Ripple: The XRP held in Ripple related accounts at the time of the snapshot including escrowed balances.
XRP NPE: The XRP held by non-participating exchanges at the snapshot date.
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From the investor's point of view, It was a good solution, if the 48Billion XRP will be burn. But I believe the team will not do that because if that happens $24 Billion worth of XRP will be vaporized and XRP will be removed from the Top 3 ranking base on MarketCap for me the best solution to that problem is to dump the XRP coin and jump to another project that was not centralized.
In case Ripple burns 48 billion XRP, the total supply of XRP in the market will decrease, buying pressure increases and holders of XRP may demand a higher price => The value of each remaining XRP token will increase. So if Ripple burns 48 billion XRP, they share $24B in their total assets and gave up their right to manipulate the XRP market.
However, there is no guarantee that $24B will be transferred intact into all remaining XRP tokens, when the market is always highly volatile. The correction phase will likely make XRP lose its top3 position.
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Currently some of my fellow investors have invested much more in the cryptocurrency market. Everyone in my office has been able to invest in good cryptocurrencies. They want to benefit. This week someone bought and held $15k xrp. I think it will be beneficial. But it has suffered as a result of falling prices this week.
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I think the project team should hold a very small percentage of tokens. You rightly said that if they have a lot of tokens, then they can sell everything and the price of the coin may fall accordingly.
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I think the project team should hold a very small percentage of tokens. You rightly said that if they have a lot of tokens, then they can sell everything and the price of the coin may fall accordingly.
I think that there is not a problem, for the team, having the majority of tokens, because right now, they cannot be sold, in quantity. I don't think that there is a buyer. In another thread, in-forum use, will increase, the value, because, it will increase the usability.
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I am very worried if the project member team has a large number of tokens. Not negative thinking, but if seen from experience, many of them will sell large amounts and leave the project
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Ripple have always been a pure centralized project, no core enthusiasts of blockchain and decentralization will love the XRP technology except when they want to ride if wave for some quick gains. XRP doesn't have a use case, thus the team holding it is their way of making themselves rich at the detriment of hodlers. I strongly support the communities call to the team to burn the coins in their possession.
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I just found out that the Ripple team got 62% of the total coins for their team. When compared to other projects or tokens I think it is too much and it is very difficult to increase the price. I just heard the news that one of their team was selling ripple in large quantities recently, is that true?
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At the expense of Ripple, everyone is already used to this and knows that the team likes to sell its share of tokens to hamsters , and this happens regularly. it would probably be nice if they burned 48 billion XRP. but it seems to me that they will not go for this, they are used to a certain comfort zone.
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It is not a good idea at all when team hold larger part of the token, it is unprofessional to me. I don't see the need why the team will hold more tokens than the community itself if the team believe in the potential of the project. Most times when team hold more tokens, they may likely dump on the community especially when the project is not looking like it will succeed.
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If that is allowed by the developer, then the project team should hold a token so that it can give more trust from people who participate in the project. With a team that already holds the token, it means that there is a guarantee that the project is not a scam, and it will pay off!
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The most optimal when the team has 5-10% of all coins on hand. All team coins must be blocked and gradually, in small amounts, once every quarter, the coins are defrosted. Thus, investors will feel safer and will invest larger amounts in the project.
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No, it is a threat to token holders and even the project itself, before the influx of VC's money into the space, 10% of the total tokens use to be the acceptable figure but now you see them holding as high as 50% and some will just sell 5% to the public and the remaining tokens will be shared among the team, advisors and their VC's investors. I believe time will come that people will frown at this
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So far, I count a project as potential when the team only holds no more than 15% of the total supply, because if the team members hold too many tokens, they can sell off, causing the token price to drop as soon as the bull run starts.
And we see that risk most evident in the case of XRP & Ripple. Ripple holds 62% of the total supply, equivalent to 62 billion XRP tokens, the fact that they lock 55 billion XRP and release 1 billion XRP per month also does not help the controversy associated with the token sale of the team members. As a result, the XRP community is asking the team to burn 48 billion XRP that the team holds.
XRP is not a true cryptocurrency, they are centrally operated and easily manipulated by Ripple itself.
In your opinion, what percentage of the project's total token supply should the team hold? Some teams of newly emerging DeFi projects are not even owning project token, is that the solution and current trends?
XRP team said that their community could force them to burn that 48 million tokens. Is it that true their community can do that? if their community has influence over their governance then that will probably happen. In this present situation, any project holds 62% of its token people would fear to invest in that project.
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They have to hold them to develop the project. But the tocenomic must be decent and clear. You know inflation may ruin even the biggest projects.
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It depends on the project itself. In my personal view, it is no problem if the team members have a higher number of tokens since they are the owners. The most important thing is they can keep the value of the token be always good. Don't dump the token price with their tokens. As they have a bigger number of tokens, those team members must promise to never sell massively the tokens at one time.
Promising doesn't mean getting married. By the way, this proverb reflects the situation you have touched upon. You can promise one thing, but do something completely different. And many people use it. Concrete solutions are needed, without reverse action.
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Actually, there is nothing wrong with the fact that developers can be large holders of their coins, but if you take into account the circumstances that are developing around the Ripple project, where the team itself is involved in manipulation, then this fact is very alarming to me. Although in fact the developers should be worried about their project and it is quite logical that the investor can abuse, as opposed to the developer, the facts speak for themselves.
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Yes it could that is why if the team want to provide good impression and want to acquire the trust of the investors they should have to at least reduce the allocation for themselves. But on the other hand if their tokens are lock I think it is good enough which is why many were doing it and even until now.
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Most of the tokens that are in the same hands is not good, since we do not know what a large token holder will do, if he sells a large volume, this will collapse the price
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So far, I count a project as potential when the team only holds no more than 15% of the total supply, because if the team members hold too many tokens, they can sell off, causing the token price to drop as soon as the bull run starts.
It's really bad for a team to hold more than 15% of the total coin supply, because just as you said if they eventually dump their tokens its going to drop the price of the token massively, I personally I won't won't invest a project where the team holds that much amount of token to themselves, the best amount to be held by a project's team should be 5-10% and nothing more.
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It's really bad for a team to hold more than 15% of the total coin supply, because just as you said if they eventually dump their tokens
I don't think it is really bad. It is always okay as long as the team is serious to develop the projects. I doubt if the team members want to kill their project by dumping the token price on the market severely. Imagine if you have a company, how can you destroy your company yourself? It doesn't make sense. Investors should have a higher chance to dump, especially those who bought the tokens at a very cheap price during the private sale. Or buy at the very beginning step of the initial sele with a big discount.
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XRP is one of the best coins for long term investment. Currently quite popular. There are many investors in the market. However, ripples have survived in the competition of many coins. I hope it will continue in the future.
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Commonly there will be a certain allocation for the team and developer. However, they may not hold too much coin, only some percentage. And if about burning token, I think that it is for the token that is not sold. So, what about this?
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It is possible to make a profit by investing in DeFi coins for long term investment. There are many more projects in the market, it is possible to make a profit by investing in them. However, it is possible to make a profit by investing on ripple. Because it is quite popular nowadays.
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We cannot determine how many tokens to own by the team members. They make the allocation themselves and there is no regulation to allocate how many to have by them. If you don't like to join a project if the team have many tokens, then just skip it. There are many crypto projects, you can choose yourself.
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I think there are many team holder of different projects hold most of the unsold token and they tries to sold with out any news ultimately the project goes down and investors lose their fund for this project. I think it should be forbidden to sold from team holders with out notice.
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Any project go to the moon or dumping that is depend on the project developers. If they try to build up the project then they trying to sold most of the tokens and unsold tokens will be burnt by them. There are many team members who are not follow any rules as have no interest to develop the projects. Ultimately the projects get fall down.
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I think no, the team should not receive too large a percentage of the token emission, because after listing they sell them and the price drops too low, investors who bought the token at higher prices suffer from this. There should be anti-dumping mechanisms or, for example, a prohibition for the team to sell tokens below the price that was on the token sale
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When a team has a large percentage of tokens, then this is a certain risk for us holders of tokens, the team can use coins for other purposes, sell a large amount at a time, this will be reflected on the course and the price will collapse, one of the options for possible events
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Those groups ought to acknowledge that every one of them are continually endeavoring to improve the undertaking. Since the venture doesn't improve without help from anyone else. The task improves if the group is submitted. On the off chance that the group doesn't keep the guarantee, at that point the task is harmed. I think you need to know the group a long time prior to contributing.
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I've never liked or bought ripple cus of this know facts.
And to answer your question, team holding too much tokens. I did say no, but a few, like 5 to 15 percent of the total supply is OK for me, atleast, they still need this for developments and payment of staff salaries, so holding a small amount of the tokens wont be out of place, Infact, it's a good thing cus it should give them a sense of responsibility and ownership, this will naturally encourage them to work hard on the project so the tokens they hold won't end up being shit coins.
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XRP team keeps dumping their coins into investors like what happened few days ago XRP almost reached at $0.9 at Coinbase before the airdrop snapshot and Im sure XRP team members did not miss this opportunity to dump billions after snapshot yeah OP is right XRP is prone to manipulation but unfortunately many institutional investors supporting this coin and we cannot do anything about it its all manipulation.
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I think, in my opinion, no more than 5% should be kept by the team. Otherwise, as you said, manipulation will go, users see it and only get disappointed in projects.
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When a team has a large percentage of tokens, then this is a certain risk for us holders of tokens, the team can use coins for other purposes, sell a large amount at a time, this will be reflected on the course and the price will collapse, one of the options for possible events
If the team hold much tokens and then sell when the price is right the value will collapse. The team is the main player to control the project always in the right tract as much as possible to avoid instant collapse once the problems did not anticipate. The team controls the tempo.
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I think the undertaking group should hold a little level of tokens. You properly said that in the event that they have a ton of tokens, at that point they can sell everything and the cost of the coin may fall as needs be.
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I think what percentage total must be held, of course, each project will be different. because the different types of projects must have different treatment. and this in my opinion is also very reasonable. So, for sure, I cannot determine how much.
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I did not choose Bitcoin, Ethereum as the best choice for investment. You will see that Bitcoin is the highest amount of transactions and investments. So I think most people prefer Bitcoin, Ethereum. It is possible to make a profit by investing in these. xrp is good for investing.