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RE: MAXUV Vote Bond Token Launch - Up To 200% Votes Per Post Plus Profits Compounded Will Increase Price

in #money5 years ago

Not an official answer but my guess is that the supply size is to allow for long term growth of the project. On their other projects all the tokens are backed by steem so basically you are buying a portion of the account. Most of what is purchased ends up being powered up as SP, so 1M tokens sold would lead to a account (or mulitple accounts) that hold 1M SP.

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Hi thanks, without repeating my direct reply, yes, as you say the sold tokens become capital - very few will be given out for free and no airdrops.

One million is a motivational milestone; have no idea if will take a week or a year. It is also a landmark when I may need to create further "side voters". The mathematics works at every scale, in theory, but there are computational limitations such as the upvote percentage precision.

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