>2 days
4 (FOUR) DAYS
AND IT STILL DIDN'T SELL OUT
7,500,000 coins in circulation
James Anderson
Thomas Reyes
They answer it here in their AMA.
reddit.com
Brayden Ramirez
>So how are we going to make any profit if they dont pay dividends?
first, Tokens that pay dividends still appreciate in value primarily due to speculation. One of the only projects that has paid out dividends, Etheroll, has a market cap of over $25M million, but produced only $300K of dividends in its first payout period, 7 months after the token was created. This isn’t intended to undermine their success, but rather demonstrate that the value of a token is driven more by speculation than by realized dividends.
second, It is technically complex to pay out dividends. Token holders must have their own private keys during the dividend period, and must execute the dividend smart contract during this period in order to receive anything. It’s much more favorable to have the value of a token be derived from its usage rather than potential dividends.
third, Many projects that use the token-as-credit model still experience large market cap growth and demand for their token. Some examples of this include 0x, Funfair, and Edgeless, but there are likely hundreds of others.
and fourth, having a token that pays out dividends is not sustainable and is technically illegal in many countries in many different ways, even if no one has been prosecuted for it yet
Elijah Hall
>7.5m
wew
Joseph Lopez
Great poast user