Short-mid term RSR prediction! Could be really BAd news !
I don't like posting short Ideas but unfortunately yesterday I come across RSR's unlocking schedule. For a good project it is not so fair distribution. My idea may not play out at all but increasing circulation supply by 3x times will surely effect the value. As far as I can read from the schedule current circulated coins:"18.45B est. by Coinmarketcap" may go up to 46.3B "detailed personal calculations below". I hope that I am wrong but If this is the case I can not trade one of my favorite coin for a while. Please dyor .If I am sharing incorrect info , please do let me know so I can correct it immediately. I do want to be wrong this time.. I copy pasted unlocking info for option 1 directly from the internet site.
The summary below shows the details of each unlocking schedule, as well as an estimation of what % of locked RSR holders chose each option.
Option 1
This is the new option that was proposed to all locked RSR holders in Dec 2021. Here is a short summary of what this new option entails :
Instead of RSR tokens unlocking upon mainnet launch, tokens will begin unlocking linearly in January 2022 over the course of 6 months.
But... these tokens won’t really be unlocked, since they will still be in Reserve’s custody.
If RSR holders wish to sell any of their RSR tokens, they can submit their request, and can only sell tokens through one connected OTC desk.
This OTC desk will match sell orders with OTC buys and will limit selling on exchanges to about 3% of the real daily trading volume, in order to limit impact on the price of RSR.
After six months, the RSR holders who choose to go for this option will then directly receive all tokens they did not decide to sell.
Here's a breakdown of the amount of RSR held by locked RSR holders that have chosen to unlock their tokens via option 1:
Reserve team members: 12.6b RSR (99.7% of this group)
Advisors, Contractors and Partners: 5.0b RSR (94.4% of this group)
Investors: 10.3b RSR (77.7% of this group)
Current circulated coins:18.45B
126B+5B+10.3B=27.9B
27.9B+18.45B= 46.3B coins could be circulating. It is 3x the current circulated supply. SO BE CAREFULL. 6 Months already passed! Because it says "After six months, the RSR holders who choose to go for this option will then directly receive all tokens they did not decide to sell."
The summary below shows the details of each unlocking schedule, as well as an estimation of what % of locked RSR holders chose each option.
Option 1
This is the new option that was proposed to all locked RSR holders in Dec 2021. Here is a short summary of what this new option entails :
Instead of RSR tokens unlocking upon mainnet launch, tokens will begin unlocking linearly in January 2022 over the course of 6 months.
But... these tokens won’t really be unlocked, since they will still be in Reserve’s custody.
If RSR holders wish to sell any of their RSR tokens, they can submit their request, and can only sell tokens through one connected OTC desk.
This OTC desk will match sell orders with OTC buys and will limit selling on exchanges to about 3% of the real daily trading volume, in order to limit impact on the price of RSR.
After six months, the RSR holders who choose to go for this option will then directly receive all tokens they did not decide to sell.
Here's a breakdown of the amount of RSR held by locked RSR holders that have chosen to unlock their tokens via option 1:
Reserve team members: 12.6b RSR (99.7% of this group)
Advisors, Contractors and Partners: 5.0b RSR (94.4% of this group)
Investors: 10.3b RSR (77.7% of this group)
Current circulated coins:18.45B
126B+5B+10.3B=27.9B
27.9B+18.45B= 46.3B coins could be circulating. It is 3x the current circulated supply. SO BE CAREFULL. 6 Months already passed! Because it says "After six months, the RSR holders who choose to go for this option will then directly receive all tokens they did not decide to sell."
Comment:
Unfortunately long term support trendline broken down with a significant volume as expected. Worse yet to come for this coin! We could go as low as $0.003. I still can't see the circulated coin number change anywhere! Either this number being hid from public or worse has not happened yet. I smell foul play already!