Also: a good medium size well known indie band could ruin all of this any day by releasing exclusive and dump their thousands of coins the next day.
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Also: a good medium size well known indie band could ruin all of this any day by releasing exclusive and dump their thousands of coins the next day.
Are you sure? A few thousand tokens would only equate to a few hundred bucks - and I feel like if popular bands join, it will make the value of the token go up by raising awareness for the service.
Well no, I'm not sure at all - I need to confess that I sometimes have a hard time figuring out the market dynamics behind some of the cryptos, and maybe you're right. I'm surprised that there are 500.000.000+ coins in circulation already.
Yup this is something that takes time to learn.
All you have to do to see how many are in circulation for any token is to look on CoinMarketCap.
For example here it is for musicoin: