Please, GMT maxis, if you want to comment, abstain!
90% of all the coins are waiting to get in the market. Yes, i know, that according to the tokenomics they will gradually increase in 10 years.
BUT: 1) At the start we only had 600 mil tokens in circulation. 2) 960 million coins were bought privately at 0.05 cent, NOT 5 cents, HALF of a CENT. 3) Devs reserved for themselfs 852 millons of coins (they are pretty humble, aren't they?) 4) Advisors got 150 millions of tokens 5) August 2022 those richies who bought insanely overpriced NFTs will be able to gain GMT with their sneakers. What do you think they will to to it? Hold it, knowing the facts mentioned above? 6) The "burnt" tokens are not those that are in circulation, but those which are in treasury pool. I.e. it's only a marketing move to make people think that supply is shortening, while in reality it's getting BIGGER. 7) We already had "a small problem" of 19k GST transactions lost because of some DDOS. Marketing > Security.
Also, all the news and articles they publish, especially the one that's literally trying to convince that not every M2E project is ponzi is just....
In my opinion, they are doing everything to maintain a decent price level untill their own coins will be unlocked.
Good job StepN team for making such a good (but not original) project.
Good luck to those, who believe in 5, 10, 100$ for GMT. I recommend watching LRC, SHIB, DOGE, SAND, MANA, GALA chats, maybe you'll understand me.
Thanks and excellent work on posting your first chart. We hope it was a fun experience. Let us know if you have any questions. 👍 @Nico.Muselle, TradingView Mod Team
Saddamyawo
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What’s a write with Good FA 😋
vehicular_manslaughter
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Entry price to participate in earning is too high, super short amount of NFTs on binance and incredibly high prices on every sneaker makes it affordable only to really rich people. GST token volume and listings are nowhere near to be compared the GMT, which is also strange because it's funcionality is way wider than GMT. And if the project was meant to be used widely for the purpose they declare (i.e. running and earnging) GST would be also in a very high demand, which is not. All of this is seems so so shady to me.
Though the idea is nice, I think other competitiors with better token distiribution and accesibility will take it over. For now it looks to me just like another Binance driven hype to get some money. All of those GMT hypers do not even run.
UnknownUnicorn5516601
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Do we have a timeline when the other coins will be unlocked?
vehicular_manslaughter
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@Thassimx,
Yes we do have a beautiful page with only graph. It kind of goes against what coinmarketcap says about tokens in circulation. CMC shows 600.000.000, but according to that graphic on the landing page (don't know how better describe it) we have 636.000.000 tokens in circulation. They do not burn what's in ciculation, instead they are burning what is supposed to be minted in future, which is a strange move.
I also noticed a supposed insider trading. 4 hours before they tweeted about binance NFT sneaker sale at 4:53 PM · Apr 18, 2022, huge volume appeared on binance. You can check tweet time and volumes yourself. Sadly, this is cryptoworld and it happens everytime here without any regulation.
👍 @Nico.Muselle, TradingView Mod Team