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RE: MAXUV Vote Bond Token Launch - Up To 200% Votes Per Post Plus Profits Compounded Will Increase Price
Why is the supply so huge(1M)? How can you deliver reasonable upvotes once the tokens are distributed?
If and when we get to 1 mil tokens sold then it also means 1 mil STEEM within the upvoters. Yes, the maths works - it is not a linear function but there is a parameter that balances VP and SP so that we can continue to deliver upvotes as stated.
Also, currently only 110,000 tokens on the market. I'm not going to just dump 1 million. With 1,000 tokens needed per 100% upvote, I hope that sales will be brisk.
The way SE shows token numbers can be misleading. It shows circulating equal to issued less burned, but issued tokens IMO are not circulating when they are still being held by the issuing account.
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.
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.