~ The Saloon ~ Crypto & Stocks ~

[xZx]

polkadot, much like ETH, has no circulation cap, and (from what i've read) inflation is about 10%, which is quite high.

https://www.reddit.com/r/dot/comments/k5eqnn/is_polkadot_a_pos_coin_and_what_is_the_max_supply/

so while DOT may be great tech, if the goal is to make money, i'd rather buy beaten down deflationary cryptos, like FEG (or to a lesser extent BEACH and SVT) then wait for them to become discovered.

dollar for dollar, DOT might return 3X to 5X in 2 years, but one of the cryptos i mentioned above could lose 2 zeros or more in a year.

if they pull off their plan, SVT has a double advantage of being asset backed, by a beer brand in partnership with a brewery, maybe even several breweries. plus they have that odinswap DEX we chatted about a while ago.

space vikings has already burned some tokens. see top address --

https://bscscan.com/token/0x7ba3cd00229c1becc95a4b056ff15c123dcb456d#balances

granted, my approach is more risky. and defi will need to reckon with new crypto KYC rules (in the US) around january 2023.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166692763

but now that i think of it, polkadot may suffer from any harsh regulation of DEX platforms, too. here's one based around polkadot.

https://www.polkadex.trade/