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by smartties
1951 days ago
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> How many people on the open market are going to buy your coin for $1 on an exchange? Even if 1 client per year buy it (let's say my token purpose is to give to access to private content on my website), then my marketcap is still 10^32 $, because marketcap is just the number of supply x the last traded price of my coin. And yes, we both agree, marketcap has 0 value. It was just to make a point that using the marketcap as argument makes no sense. |
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What about the people who try to sell it after buying it? If they have to sell it for 10^-32 $ before someone buys it then that immediately drops your market cap to just about nothing.
> And yes, we both agree, marketcap has 0 value
No, I just explained why marketcap correctly values your coin as absolutely worthless.