UTOPIS to cut off at 175,000 tokens?
As well as bringing you guys and gals some of the best dividends on the hive-chain, UTOPIS will also be focusing on coin growth in the near future. That means we will be suggesting a pruning the top of our Market Cap down to 175,000.
We did this because whilst money coming in to buy new gear, equipment and other tokens is a good thing, we will have to close the door at some point else we get stuck in a never ending cycle. Token growth will stagnate, and dividends will eventually dilute.
That’s why I am suggesting a cap of 175,000. It is the right balance between exponential growth, amazing dividends, and more importantly token price growth. I am hoping that once the upper cap is reached then tokens will rise in price as scarcity becomes a thing.
25K will be in reserve i case of other various opportunities present themselves.
What does this mean for you?
Nothing at the moment. Just continue to buy, hold, or sell, and watch us grow as a community as we develop and try new things.
The beauty of UTOPIS is that a lot of my income streams are off-chain, and when the Hive stops coming in from the token sales I will still have many income streams, and by that time a very beefy token mining operation.
This is going to be great!
Thanks!
These are some thoughts 💭 I’ve been having.
I made a discord.
This is of course only the start of what we can achieve. My first aim is to create an extremely bulky project with a competitive coin price that pays out outstanding dividends. The afterwards I will look into forwarding our direction from there. So, expect another roadmap in due course. For now, though, it’s going to be epic, and in the words of Bill and Ted.
“The Best Time To Be Is Now, And All’s We Can Say Is...Let’s Rock!”
You can you buy Utopis on Tribaldex.
“Tribaldex is made by the same Hive-Engine Team”
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Cool man, as one of the top holders Im totally in support of this 👍😎
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I would say a fixed rollout would be best but I'm not sure how that would be done fairly.
For example every month 1,000 new tokens are minted and put on the market to buy new equipment. however if you release this at a certain date and time I feel like one person or every few would have the chance of grabbing them up. Would there be a more fair way of doing this and if so it could be a solid middle ground between a hard cut off and having an endless supply.
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Capping people ability to buy? So if you have a certain amount of tokens the amount you can buy next time will drop.
Also not, releasing them on HE, but letting people send hive to utopis and they get sent the tokens, so it can check on existing tokens.
E.g If I hold 1000 tokens next time around I can only buy 10.
But if I know hold 500 tokens, I can then buy 20.
The numbers are just random as a visulation :D
I mean you could but I don't really like that either. You kind of run into the issue with all coins that are mined and the issues with the world we live in today. The rich just keep getting richer because they can by 1000 miners while the average joe might be able to get 1 lol
From what I understand this platform is only mining and then sold to buy hive and divi out the rewards in hive each week. Having an endless supply means I have to keep buying at the % increase of the tokens being bought or capped at otherwise I start losing market share.
Ye. Thats kinda why I wanted to cap the "rich" or the people with a lot of tokens, so everyone else had a chance to buy more, that was the idea :)
Crypto also uses 25% of Doordash I think to buy hive ^^
So with the capping on buying newly minted tokens, but still have a max supply of 175,000, wouldn't that help the issue of the rich getting richer??
That's the question the world faces lol. Evenly splitting everything between everyone creates no motivation. A hard cap though does allow for trading of the token itself a lot more if people wish to dump it off to someone else. But the owner I feel needs to continue to generate revenue in order to buy newer equipment. Another pitfall of mining. You need to constantly be producing more hashes at a lower cost.
Ye true :D
Ye token holders could sell it to other token holders ofcause.
I don't know a lot about mining and how often to have to upgrade x)
Exactly this is happening ... and I don't like that at all! I'm just talking for myself here, but I'm struggling to make ends meet. That doesn't mean that I don't want to be in a better position. I had 26 Utopis, had to sell them for real life costs unfortunately. Story of my life, but now it seems that I can't get back into the project.
To buy enough tokens to have a dividend that covers needs, ... well that's simply not possible for me. With 26 tokens I got 1 hive a week. That takes me 3,5 week to buy 1 Utopis from dividends. And with a cap on the tokens ... well forget it.
Not sure what would be a solution. But once again it is "The rich just keep getting richer"
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Dang, so that means, only 150K effective Utopis?
Hmm, it'll take me some time to get 1500 of them. lol
Whoa that's a cool logo, it is moving!!
Yeah u should commute with CUB!!!
My tiny amount of UTOPIS isn't a lot but I am glad I got into the project. I plan to just HODL the small amount I have and if the hard cap occurs before I buy more, I'll just buy some off the market.
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so is the 25,000 reserve tokens in the total of 175,000 ??
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