How so? Especially with the Chainlink Reserve now, nothing wrong with it's tokenomics. Another $1 million into the reserve again today.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
A billion tokens, 65% owned by the team at the outset, 35% public sale. Vesting is technically complete but previous transfers of locked coins are still being dumped on the market regularly. It’s been 8 years since ico and circulating supply is still at @70% despite vesting schedule completing. Not the end of the world but certainly not ideal as there’s no transparency with what’s happening with the remaining 30%
Right but I wouldn't call those "awful tokenomics"... pretty similar to others. XRP is the same (even worse) and is top 3 in marketcap while having nowhere near the adoption/partnerships. Pretty negligible point of concern, IMO.
Both things can be true, they are awful tokenomics and may not be a big deal. I referenced XRP a few posts ago when this was first mentioned, they’re in the same boat and it hasn’t stopped them from running. Could make a case they’d run harder without the tokenomics overhang