In my opinion, the crypto market absolutely needs a major reshuffle. Old coins in the space all need a last-digit elimination mechanism. Open the exchange’s market cap rankings on CoinBase, and in the top 20 you’ll find a lot of old-chain coins. I bet many new people haven’t even heard of them. Their market caps are often in the tens of billions.
For example, take $CHZ.
These kinds of ancient coins have unlimited total supply. They steadily release about 3.4WU worth of tokens every day. The project team doesn’t need to do anything—once the daily unlock happens, they just sell everything.
As long as the crypto market doesn’t implode, this group of old coins can keep selling until the end of time.
For example, take $CHZ.
These kinds of ancient coins have unlimited total supply. They steadily release about 3.4WU worth of tokens every day. The project team doesn’t need to do anything—once the daily unlock happens, they just sell everything.
As long as the crypto market doesn’t implode, this group of old coins can keep selling until the end of time.