1/🧵The true marketcap of SPS should be around $18 million. Yet most websites show a lower value or show $18 million as part of FDV. HIVE DAPPs need to act more open to networking and build connections to let everyone know what we are building here.
FDV is fully diluted value, which means accounting all supply still to be issued + null since it's (price x max supply)... So current mcap still better metric imo, since it's (price x current supply), already discounting null. If I'm not mistaken...
The total supply was minted few weeks ago and it was given to the DAO. The official website says the marketcap is 18 million dollars. This is a new development many people are unaware of. All 3 billion SPS has been minted.
I didn't know it... It kinda makes sense to turn "totally scarce" in an alt bullrun this year... Well, but if you think rightly it will still be issued through the dao to keep same distribution tokenomics, or another token? Battles, brawls and so on...
It probably won't convey another chart display only by that... No idea.
Since they issued all supply and keeping same old price, like what MMT does, sps binance listing could only happen by now, if possible by any time...
There is no sell pressure coming from DAO. Supply and demand is what decide the short term price. Most people don't even know the full 3 billion SPS got minted.
2/🧵We are a social media media project that can act as a X (Twitter) replacement for the cryptosphere.
There are many updates coming to the biggest DAPP on HIVE. We are ready for massive onboarding again.
https://peakd.com/@vimukthi/latest-splinterlands-updates-land-175-spellbook-purchases-18-million-marketcap-and-validator-testing-akn
Some people even think this is weird to say since price could be told as an equilibrium agreement between supply and demand...