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Re: BurnIT post# 184

Monday, 05/02/2022 5:31:25 PM

Monday, May 02, 2022 5:31:25 PM

Post# of 603
that's a great point. if someone owns 25% of total supply and the tax is 40%, then on $100K dollar volume, $40K would be divided among all wallets, so they'd get 25% of 40K, or $10,000. in a day.

but one caveat: this is affected by how many buyers have .001 ROX in their wallet.

sellers who aren't doing smartswap would all pay into wallets of those still holding.

can BurnIT ever do $100K dollar volume in 24 hours? i'll bet it can happen once FEGex is busier.

another thing i'm forgetting is how quickly a hodler's percentage of total circulation might grow, based on the burn rate alone.

those who hold long term will do very well, vs those who flip out early.
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