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[COMMUNITY, THE TEAM DIDN:T DUMP TOKENS]
Did anybody ask how the initial supply went into circulation? Do you think tokens just appear in investors: or retail wallets? Bootstrapping. At launch, any project offers an IEO, IDO or fair-share sale for anyone who wants to buy. People bought from the project DAO (not from the team).
And there was no selling or dumping throughout the year. You can see there was no treasury income after April 9th, which means no more purchases (or no more selling, if you prefer, but in this case, that:s not the most accurate description). This explains why the token was purchased at an average of $0.50, while the price at the time was over $1. Everything can be verified on-chain.
https://etherscan.io/advanced-filter?fadd=!0x7F629403fDCC02aD83aA5debd1D4B1548982afaC&tadd=0x7F629403fDCC02aD83aA5debd1D4B1548982afaC&tkn=0xc10d70d703a7e05781fa480bac3f0381a19ddeeb%2c0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
Then, this USDC goes to the treasury and can only be spent with a clear proposal and the vote of the majority of the holders.
[EXTRA FOR THE COMMUNITY]
Market-making liquidity consists of tokens that the market maker uses to keep the price stable when someone wants to buy or sell large amounts of tokens. These tokens are returned to the treasury at the end of the contract.
In June, people blamed the team for the ByBit Contest and the price crash. It looks like the contest was actually organized by ByBit themselves. (I wish Fluence had offered a public response on this at the time.)
[SUGGESTION REGARDING THE COMMUNITY]
I know that for a CEO with a long background in finance, or for a high-ranked developer who has been in crypto for a long time, this might sound naive, but.
The average retail investor might be working two jobs and facing financial problems. They might have just 1 hour of free time a day, which isn:t enough to dive deep into all the nuances of crypto. They enter this space taking big risks, hoping to improve their lives. They are afraid to lose their money. When they hear reports about token sales, they get scared, dump, and leave the community. The crypto community is made up of 85% of these people (according to David Vorick). Additionally, the Fluence haters, who specialize in scaring the life out retail, are highly motivated and constantly at work.
SUGGESTION: If there’s room for non-critical tasks, it would help immensely if the committee keeps the average retail investor in mind when communicating.
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