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Re: Mask post# 529

Tuesday, 07/12/2022 9:52:24 AM

Tuesday, July 12, 2022 9:52:24 AM

Post# of 553
This is just a theory, but I am starting to think that a new token cannot "hold back" tokens (or coins) that have already been created. This is obviously different than a stock where a company can create shares but not actually sell them into the float.

Beach seems to be on a sincere mission to clean beaches. And to their credit, they have not stopped cleaning beaches nor making posts on social media since they began. This has allowed the steady increase of the float without completely destroying the price -- which is a tough thing to do when you have so many.

The only question in my mind is what happens once all the coins/tokens have been "sold". We need the mission to continue without them making a new version. This is critical to long term success for the investors.

Think about Doge for a minute. Doge "sold" 300B coins into the market without stopping. The price of Doge hovered around .0001 & .0002 for over three years with an all time low of $0.00008690 (May 6, 2015).

And what happened after that?

NOTHING. Thank goodness.

Dogecoin continued to exist and they did not do a new "version" to fix the price (this is where the true "scam" happens).

Over time the popularity of the coin grew and the price increased -- which is not surprising since the market had fully absorbed all the available coins.

What has become apparent to me is that you really don't know what you have until after all the tokens/coins are in the float. Your best hope is that the project continues and they don't release a new "version".

Heck, if they abandon the project (or simply go silent) that is FAR-FAR better than a new version (which is essentially the destruction of the old version).

If they go silent (like Doge pretty much did) then you have a chance of being "discovered" at a later date (which is what happened with Doge).

The huge paradox in something like Beach is that you need the mission to continue in order to keep up awareness for the token but for the mission to continue requires capital. I know that most of people who clean the beaches are working or free, but those who manage things still have to live -- so they need some kind of salary.

So the hope here is that management has done a great job saving money from the tokens they have sold and that Beach has developed other revenue streams (like donations perhaps?).

Anyways... those are just my thoughts and I could be mistaken in one or more areas. Will be interesting to see how it all plays out.

I figure Beach has as good a chance at dropping zeros as anything else out there.

Really is like throwing darts when so many tokens exist with so little information (or regulation) on those who manage and/or create them.

GodBless-NoDoubt
creede

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