Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting that people are finally catching on that not delivering or communicating isn't a great approach to business.
Duke!! Where are you?!?
It's time to calm things down by telling your cheerleaders that it's different this time
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?
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
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 .
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
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)
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
BluButon - what are you expecting TF to deliver?
The RNS shortly after he returned simply wrote off many failed investment and said Blu will hold onto two more until they are valuable.
Blu is a passive investor (look it up, lol at you patronising), they're just sitting on 2 holdings hoping they increase in value.
If you think TF can influence SatoshiPay, look at his previous years here, where SatoshiPay consistently delivered zero value.
There's no pressure on TF to deliver anything, because every time SatoshiPay make a worthless update to their website about developing more tech that nobody wants or needs, people here believe "iTs dIfFeReNt tHiS tImE"
Until someone gets a grip of SatoshiPay, and forces them to create a roadmap to delivering a product with consumer demand, nothing will be different, ever. No pressure on SatoshiPay = No pressure on TF = it's not going to be different this time, or next.
Typically, we reach the end of another month with no news.
Was the suggestion news would drop this month based on anything substantive? Or was it more "I can feel it in me waters" shameless ramping?
If anyone doesn't recognise a pattern of behaviour yet, to paraphrase Anthony Weldon "Fool me once, shame on you. Fool me twice.. that's idiot tax"
iTs dIfFerEnT tHis TiMe
Anyone thinking the seller is a mug needs to give thier head a wobble.
Nic Slater was buying in December after the the pump-and-dump took this down to .13p. He more than doubled his money in a couple of weeks, cashed out for profit and still holds 11% of the company.
That is masterful trading, absolutely fantastic stuff.
And without him coming on here with "it's different this time" baseless ramping and shameless pump and dumping.
Slater is a man people could, and should, learn lessons from
SatoshiPay still without a plan, still making pie in the sky business projections based on the size of the market they're entering. It's the same mistake again and again.
Where are these famous investors like Masters? They would never accept this nonsense from a real company
It's like starting a football team, with no supporters/customers, or planned revenue streams, but saying Man City had £700m. They're a football team, we're a football team... We just need 1% of their income.
What did Einstein say about repeating the same mistakes?
The RNS is more palatable than Lew's attempt to reward failure with discounted options, but is this news really acceptable?
The company are coasting, hoping for returns from historical investments. September's Trading Update didn't even sugar coat it:
"The Board believes the two major investments have the potential to provide significant value for shareholders and the focus will therefore be on managing the Company to maximise the prospects of achieving a successful exit of these investments within the next two years."
What performance improvement are these warrants supposed to incentive? Rewarded for sitting on their thumbs for 2 years, while the market decides if the investments should increase energy n value?
Poor taste and undeserved
Tall Chap - Cobr have put themselves in a difficult position, marketing could backfire.
Yes, they have released good REE news today. But where are the ADI results? The JV Earn in? RC Results? Gold Resource update? They set themselves up for a huge final quarter of news flow in 2022. And haven't delivered on most of it.
Once this is all completed, including the expanded RC program. Then yes, COBR need an updated prospectus which is marketed shamelessly on social media. But right now is too early
Careful interacting with Duke guys.
Whatever recent message you're responding to has been removed. Marks member profile shows he last posted on 18th Nov. So he's either posted and deleted his own messages, or someone is impersonating him.
Either way it's questionable activity.
Happy 2023! iTs dIfFeReNt ThIs yEaR?!?!
If anyone here knows Mark personally, I hope you've checked in with him.
I'm the first to criticize his ramping here, but TNT sounds like a disaster. He's often posted about his mental health problems, hasn't posted here since the second TNT RNS and his Twitter account has gone. He could be having a bad tine
If I can interrupt the cheerleading for a moment. SatoshiPay have been given another $100,000 from the Stellar Development Fund ..
https://twitter.com/StellarOrg/status/1599881338769014785?t=EhwSkFUSgx-x9zDDubgC7g&s=19
And regarding TNT, previous posts highlight the risk of looking solely at share price, when buys come with discounted warrants, which realistically devalue the share price by 2/3
I see this was trading at the edges of the 1.50 to 1.80 spread today... It's a good job these spreads are theoretical and this doesn't actually happen?!?
As I've said a few times. MMs have making a killing with their games on this one. An easy 20% between weak handed sellers and hopeful buyers.
As always DYOR because facts are facts, and trying to dispute facts with speculative nonsense just makes you look silly.
An exciting day on the cards tomorrow:
A good RNS lands and the price spikes
Or
No news leads to disgruntled selling and a top up opportunity
Either way, it should be a good day. gla