Greed is Holding Down Crypto

in #ico8 years ago

Any investment channel is driven by self-interest, and it is understandable that crypto should be no different. But this community is so enthused by the focus of exponential gains in the short-term that often the success of the product is irrelevant to the investors; the immediate post-ICO price of the tokens is the only concern.

Ironically, this intense greed may actually backfire. Case in view: CoinMetro.

CoinMetro's token sale is live right now. A large portion of the community on Telegram and across the web (4Chan, Reddit) is convincing all token sale participants to stop spreading awareness about the project. The motivation behind this is that unsold tokens will be burned. Since the project is putting a large portion of its tokens for sale, the expected token burn will greatly reduce not just tokens in circulation but also the net supply; the expected burn amount could be as much as a third of total supply.

Clearly, such a huge reduction in volume usually creates a high short-term inflation in token price because valuation models immediately boost the token price; market equilibriums are always met in case of a supply shock.

Curb That Greed

The team has clarified that while the soft cap has already been met, additional funds would be beneficial to the product. More funds mean that the company can launch developments at an increased pace, grow the team, and even market the product more. This provides a powerful foundation for the long-term success of the project, CoinMetro.

But the current state of the crypto market is such: "Who the heck cares about the product; lambo or get rekt."

This lambo phenomenon is dangerous for the overall sustainability of the market. Too many members of the community have little regard for the underlying potential of a project, and just care about "gainzzz."

CoinMetro, for example, is a project that can boost the complete market cap of crypto. It is designed to make crypto easy to adopt by the masses. It offers easy conversion from fiat to crypto, and access to many crypto on a single exchange. It also offers passive investment management and easy diversification tools.

Traditionally, any investors in a product would want to spread awareness about the underlying value of what they have invested in. The crypto community needs to follow this pattern too so that this market can succeed, so blockchain projects can expand their reach, and so this market can establish a sustainable growth.

CoinMetro aims to revolutionize the trading industry by bridging the gap between traditional asset trading and crypto trading. It is led by a team of seasoned entrepreneurs who have already succeeded with FXPIG. CoinMetro offers some of the lowest fees (0.1%) and aims to provide increased liquidity to newly launched tokens. Such a product is heavily reliant on widespread awareness. CoinMetro is designed to be a B2C platform that would need swift adoption.

CoinMetro is not the only project facing such a dilemma. Anyone who is active in crypto communities can see the trend of putting short-term gains over the long-term success of a product--and, of course, sustained, high, long-term gains.

Perhaps given that the crypto market is still relatively new and there's plenty of fervor here, the community hasn't matured enough. Projects like CoinMetro, which have a great long-term potential, can hope that their own communities begin to act like mature investors.

CoinMetro Token Sale Information

🌐 Website: https://coinmetro.com/
💡 Whitepaper: https://coinmetro.com/whitepaper/
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2540667.0
💻 Telegram: https://t.me/CoinMetro
🐥 Twitter: https://twitter.com/CoinMetro
⌚️ Token Sale: LIVE
📃 Ticker: XCM
💰 Accepts: ETH

CoinMetro Website: https://coinmetro.com/
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