Love these guys and excited to see what can happen outside of the constraints of SmartDefi. Reminds me of the days before smartdefi and trying to figure out how to find tokens that are not trash before they are listed on Coin Market Cap. Here we go, this could be a wild ride!
Burnit is warming up again and I'm thinking (you probably should stop reading now :)
How much would it cost to buy 1% of total supply at this point? Market cap = $380k so 1% of that would be $3.8k but... 1% of total supply is 6,570 tokens or 40% of liquid supply. Market cap would = $532k if someone bought that much. So 1% of project should cost ($3,800 + $5,320)/2= $4,560
Liquid supply diminished by 40% and the next 1% purchase of say 6,000 tokens (assuming some burn) would pump the price 60% from $532k to $851k and would cost $6,916.
Those are tiny investments with clear returns even assuming nobody else in the world buys a piece. And, if (2) people decided now to own 1% of this thing the market cap would very likely be over $1M.
Volume has fallen off pretty hard but very little selling here. Not sure what that means for price in the short term. Project has potential long term to draw investors who want to do good with their money.
This is a great board. Lots of good information in here and I am falling in love with Burnit! Seems to me the only variable to worry about is time. The liquid supply is tiny and has a clean inverse relationship to price that is ensured by the smart contract. Then any sells benefit us by burning supply at a ridiculous rate and adding to the underlying value. BUY