We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I am not in BLU for Pen tokens. I am in BLU for decentralised finance fiat/crypto currency transactions commission/turn.
Nelson - I 100% agree, use cases could drive price to a point that could dwarf dilution
But with a track records of developing tech with no demand (micropayments, B2B, Solar Wallet) , there's a risk this is yet another notch on the bedpost of failure, and we'll be relying on speculative market action to move the token price.. which is exactly what we're seeing now.
Dozens of bridges already exist between crypto chains, the USP of pendulum will be DOT to XML chains. Does anyone here have a particular need for that bridge, or know of a specific demand for it?
hobsy1 - please help me be less of a fool and enlighten me with you wisdom , what is the need for such a niche bridge, what are your expectations for usage? what type of daily volume do you expected, and what will be the associated revenue for PEN? Any ideas? or is it just "different this time" because someone told you so?
Thanks Pablo.
Your guidance of blue star shareholder here is welcomed by everyone.
Thanks again for your hard graft and research.
A final throw of the dice to help people navigate the misleading info here. Binance do a handy Glossary which debunks some of the 'alternative' explanations on here...
Total Supply
"Total supply refers to the number of coins or tokens that currently exists and are either in circulation or locked somehow"
Circulating Supply
"The circulating supply refers to the coins that are accessible to the public and should not be confused with the total supply "
For someone to have their personal definition of Circulating Supply, that doesn't include coins released from vesting, is just horribly misleading.
Maybe Raagnar is more knowledgeable with his personal definitions of terminology, but when it comes to actual facts, I'm not the one making a fool of myself lol.
https://academy.binance.com/en/glossary/circulating-supply
Hi Pablo
But we are invested here in Blue star who have an agreed share of the overall tokens - hence we won’t be diluted over long term. What you are describing seems to be launch or growing pains of getting fully the PEN into circulation. Much more key than PEN valuation than the dilution imho is the use cases and adoption of pen - if this hits the right areas dilution will be like worrying about which savings account to put your lottery jackpot winnings in.
So need more use cases Satoshi and Pendulum - come on!
I posted a fact based assesment, evidenced by Pendulums own tokenomics page, which clearly shows tokens will be diluted to 1/7th of the current circulating supply over a very short period.
Ragnaar posted unsubstantiated, misleading and inaccurate cheerleading.
The "soaring" price is susceptible to huge dilution, so tread carefully was my warning. But as always on this board, cheerleading is welcomed over uncomfortable facts .
He's honestly best ignored, most do these days.
Pen certainly looking stronger this week.
Share price here is weak right now which is great for buyers :)
Thanks
Pablo - There is nothing misleading in my comments. i didnt state that that vested tokens are part of the current circulating supply. You are proposing that as soon as vesting periods are completed all tokens will be dumped onto the open market immediately increasing the circulating supply. That is misleading and simply not the case. I have tried to explain why but you clearly have no wish to listen. So lets just agree to disagree. over and out on the subject.
That explanation is horribly misleading. Like I said, do your own research guys. There is absolute nonsense spouted on here.
Tokens due to be released based on a vesting schedule, are absolutely not part of the circulating supply. That is nonsense.
As for the token release not being sudden? The vesting schedule (link below) shows that over 42% of total supply being released between 22-24 months from launch.
Initial supply is 7%. Releasing another 42% from vesting in a 2 month period is absolutely sudden. Holder's tokens will be diluted to 1/7 of the supply.
Please guys, tokenomics are full of irritating buzzwords but the maths is simple. Read for yourselves
https://medium.com/pendulum-chain/pendulum-pen-tokenomics-afa5e5873d9a
Just thought I would add that the last scenario i painted is not on my radar. With the recent announcements re Link, nTokens, Mykobo, Get Paid Africa, Equilibrium at this early stage, as well as the launch of Amber and Spacewalk bridge I believe the future is very bright.
All IMO.
Pablo - no - the current supply is already 160m tokens issued. over the next 2-5 years some of those will of course enter the ‘open’ market but a large majority will remain staked and used for the utility purposes, and as previously stated, the larger the network grows the less PEN token will be available on the open market. And the shorter supply of the circulating token, and the larger the supply of the utility requirement the higher the price will go. The current market cap is based on the the total issued tokens.
But to be bilateral in the debate, if the Pendulum network is unsuccessful and other fintecs and dapps etc are not attracted to using the blockchain then collator staking, gas fees and liquidity staking will not be required and yes, at some point the PEN tokens will find their way onto the market place the PEN token becomes worthless.
So
Ragnar - whether through vested staking, airdrops or treasury release, will we, or will we not eventually see 200m tokens on the market, compared to today's 13m?
Use all the buzzwords you like, but the explanation is simple. PEN will eventually face 97% dilution. True or false? (Spoiler alert, it's true)
... little to do with conmen ... all to do with ineffective algorithams !
That 1227,895 is a buy, it is my top up, i never trust these con men.
The Total PEN tokens are never going to suddenly ‘hit’ the market - forgive me Pablo but that comment just displays a lack of blockchain/tokenomics understanding.
Firstly the distributed PEM tokens ate subject to a vesting period between 18 - 60 months depending on allocation, but more importantly the PEN token is first and foremost a utility token that will be used to power the transactions on the blockchain, as well as staking collators, and staking liquidity for Dapps such as AMBER.
As the network grows with fintechs and dapps built on the blockchain a vast majority of the PEN tokens will be utilised for these purposes not just for traders on exchanges.
Yes, things are currently quiet on the share price front. We know Dynasty is going along very nicely in the background. We also know things are behind schedule on the Satoshipay front. The Pendulum Roadmap lists 8 Milestones/Sign Offs for Q2 2023 ie before the end of June. None have so far been delivered. So there is a lot of Pendulum news due in the next 7 weeks.
Thanks Dave / all - just get nervous at times :(
Ha ha good man.
Looking to buy again in .14s, but hopefully that won't happen and sell within the next 2 years over a penny.
People may think that's crazy but we will certainly see in time.
Have a good all.
Thanks
Thanks Dave I’ll keep them
Very doubtful momoni.
I recommend you quickly sell everything you have so the share price gets lower and lower.
Looking like it's all going belly up so sell, sell ,sell.
Hope I've helped here.
Thanks
Guys are we going to be ok
I know my tone here is normally baiting but I've looked into the Pen tokenomics and will not be going near it. Seriously, do some research before you even consider buying.
Initial Supply of Pen Tokens is 15.2m vs Total supply of 200m
There are currently 7% (seven!!!) of the tokens in circulation., once the remaining tokens hit the market, you're facing 93% dilution.
Buying at todays supply/valuation, means you'd need to 13 bag to break even once the tidal wave of dilution hits.
Not necessarily a bad thing for Blu, as Pendulum are holding 26% of supply in treasury, so they'll control dilution ( probably into price rises, a la the ponzi masters XRP) . But tread carefully
Sound like you were notready…..😀
.
.