The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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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
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
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…..😀
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Pen looking strong over the weekend. Just needs a news catalyst now to propel it to new highs
@ragnarr
PEN now through resistance i, reasonable spike to 0.35 in which to close short term :) and get back in as the break of resistance is "confirmed", further upside should ensue.
have a good one people.
atb
blu
Good to see it moves up, as well as down…!
Blimey a bit volatile!? 0.35 then down to 0.12, currently 0.25ish
Pen Token doing well. Just at its 2nd/3rd April resistance.
Looks like PEN is gaining traction.