Dont sleep on icp

[goldensoul]

Will go to trillons in next décades if adoption happens. You buy now sell After 5x to 10x. Buy again in Bear market and stake and hold to valhala

 

[$Abomination]

 

[goldensoul]

View attachment 3190577

It was highly manipulated by Ftx Its not a rug. Look at the year to date. Look at the projects built on on thé chain. Look at the burn rate and tvl....

 

[goldensoul]

View attachment 3190577

Thé only thing thats bad are thé tokenomics. But thé project is crazy. Imagine a decentralized internet. Imagine if Its gets adopted. What will bé Its marketcap ?

 

[$Abomination]

Thé only thing thats bad are thé tokenomics. But thé project is crazy. Imagine a decentralized internet. Imagine if Its gets adopted. What will bé Its marketcap ?

Tokenomics are very important. Tokenomics is the only thing Bitcoin had against the dollar, and look how it did.

In fact Tokenomics are the top of the list of importance for long term price appreciation.

What exactly is wrong with ICP's tokenomics?

 

[goldensoul]

Tokenomics are very important. Tokenomics is the only thing Bitcoin had against the dollar, and look how it did.

In fact Tokenomics are the top of the list of importance for long term price appreciation.

What exactly is wrong with ICP's tokenomics?

The max supply

 

[$Abomination]

The max supply

Infinite. You'd have to carefully control the inflation rates then.

 

[goldensoul]

Infinite. You'd have to carefully control the inflation rates then.

Yes but on thé other hands all thé supply IS unlocked not liké many coins in thé Space. You will not get dumped by vcs. Having minimum 1000 dollars in icp IS a must Imo.

 

[$Abomination]

Yes but on thé other hands all thé supply IS unlocked not liké many coins in thé Space. You will not get dumped by vcs. Having minimum 1000 dollars in icp IS a must Imo.

There's pros and cons to it. Having devs means that will BUIDL for your Blockchain that you're investing into, and try to attract partnerships. But the drawback is, ofc, that they dump.

If you don't have devs that BUIDL for your project you pretty much just have a meme coin. So it's a necessary evil. At least for younger projects.

For instance the project I invest in, ICE the core team get 25% of the supply (which is quite a bit I admit). It's released in portions every 3 months for the next 5 years. In return I they have 4 partnerships so far, a mainnet app coming out with features I like, mobile mining capabilities, Hermatic coming out, and numerous very powerful deflationary mechanisms.

The devs that BUIDL for your project are what make your Blockchain unique and stand out.

The devs having a bag also incentivize them to help the price appreciate, and they can always reinvest their profits into BUIDL further for the project, such as new developments/partnerships not previously promised because the funds weren't there when the coin was cheaper, or to burn an amount to try to use as a marketing gimmick.

Overall, I'd say having the right devs strongly outweigh the dumping they'll do.

 

[goldensoul]

There's pros and cons to it. Having devs means that will BUIDL for your Blockchain that you're investing into, and try to attract partnerships. But the drawback is, ofc, that they dump.

If you don't have devs that BUIDL for your project you pretty much just have a meme coin. So it's a necessary evil. At least for younger projects.

For instance the project I invest in, ICE the core team get 25% of the supply (which is quite a bit I admit). It's released in portions every 3 months for the next 5 years. In return I they have 4 partnerships so far, a mainnet app coming out with features I like, mobile mining capabilities, Hermatic coming out, and numerous very powerful deflationary mechanisms.

The devs that BUIDL for your project are what make your Blockchain unique and stand out.

The devs having a bag also incentivize them to help the price appreciate, and they can always reinvest their profits into BUIDL further for the project, such as new developments/partnerships not previously promised because the funds weren't there when the coin was cheaper, or to burn an amount to try to use as a marketing gimmick.

Overall, I'd say having the right devs strongly outweigh the dumping they'll do.

I’m totally fine with devs holding tokens—that’s actually a good thing. I’m more talking about early investors who get in super cheap before the project even launches and then wait for us to buy from them.

That’s why so many new projects have crazy high market caps. I avoid anything that doesn’t have its full supply unlocked.

 

[$Abomination]

I’m totally fine with devs holding tokens—that’s actually a good thing. I’m more talking about early investors who get in super cheap before the project even launches and then wait for us to buy from them.

That’s why so many new projects have crazy high market caps. I avoid anything that doesn’t have its full supply unlocked.

Wdym before launch? You mean pre-sales?

Or you mean early investors who buy before the core team delivered the majority of the initial promises?

I can understand the first because it builds up sell pressure. But the second one seems bizarre to be against. Because a lot of those early investors could have left on the first 2x. Not to mention it's a bigger risk on their end to invest before the promises are delivered.

 

[goldensoul]

Wdym before launch? You mean pre-sales?

Or you mean early investors who buy before the core team delivered the majority of the initial promises?

I can understand the first because it builds up sell pressure. But the second one seems bizarre to be against. Because a lot of those early investors could have left on the first 2x. Not to mention it's a bigger risk on their end to invest before the promises are delivered.

Everyone’s against it that’s why memecoins are so popular now. If you look at a lot of coins from the last bull run, the market cap stayed the same, but the price crashed because they farm new investors. I don’t see the point in investing in coins with billion-dollar market caps if there’s a high risk of getting dumped on by rich vcs.

 

[$Abomination]

Everyone’s against it that’s why memecoins are so popular now. If you look at a lot of coins from the last bull run, the market cap stayed the same, but the price crashed because they farm new investors. I don’t see the point in investing in coins with billion-dollar market caps if there’s a high risk of getting dumped on by rich vcs.

I see what you are saying now. Your concerns are valid.

My opinion is that when you look at coins in the $500m Market Cap range you see what the crypto is doing. Like if it's providing any services that would help price appreciation. Some examples include games that use that crypto, events that accepts that crypto as payments. In the case of Ice (which is actually still in the market cap range you can pump and dump it like a meme) the partnerships we have is a music festival, email encryption service, and an AI automated call center that businesses can hire.

Larger cap cryptos need to provide something similar, otherwise you're better off investing in very low cap meme trash or BTC.

 

[paveldurovreal]

In the case of Ice (which is actually still in the market cap range you can pump and dump it like a meme) the partnerships we have is a music festival, email encryption service, and an AI automated call center that businesses can hire.

What do you mean We