It’s lost a zero already.
2 Likes
I’m not one to say anything, but something is happening for the currency to continue with a downward trend. I think this should worry the entire community and start questioning whether something is failing.
2 Likes
Fairly simple. We have had nearly no development on this chain for a year, secondly no real Dapps have built here, thirdly being named in the SEC law suit against Do Kwon, fourthly the oracle pool is disbursing more coins than what is being staked (we have basically been in the same range for 3 months) which is diluting supply, fifthly the amount of lunc used to pay Devs and TR have been unloaded on market with out creating in new revenue streams. And finally the hype has died out since things aren’t really progressing, and issues are being raised around attempts to centralize the chain and the attempt to create blacklisting.
If you want this chain to succeed we all have to be rational with what is happening and work to change things, like allowing more dev teams to work on the chain instead of attempting to force it through one single group.
7 Likes
That was a good TL;DR of the last one year.
3 Likes
