- Joined
- Mar 30, 2023
A thought I had that proved nonviable through Eterium, but maybe there's a way to get it to work.
Right now shitcoins have massive massive market caps that have an upper limit of more coins then the number of stars in the sky
I propose the opposite: a coin that has exactly 999 coins preminted, and no more will ever be made. Call them Doge Shiny or DS.
What you do is give away 100 coins to influencers and rich personalities, and lock the rest behind a smart contract as follows:
when the price per coin reaches a certain threshold, 100 more coins get added to the market and sold, the price multiplying by 10 each time
so when it reaches $0.01, 100 get added. $0.10, 100 added. Same for $1, $10, $100, $1,000, and so on until the last 99 coins sell for $100,000,000.
you may choose to break up the last 99 so they instead sell smaller sets for each price increase increment. If you do 10s then 1s then the last coin would sell for $1x10^26, or a hundred quadrillion dollars.
Obviously, the last few coins would not sell. But as more coins are on the market, more people are aware of the coins and demand increases to the point that people with very deep pockets have no issue with dropping a large chunk of money on the coin, as everyone knows that the price will go up over time very quickly until the threshold is hit. Even if it peters out at just over $10,000 like bitcoin, you, the issuer, have made $111,111.10. with a coin max much lower then bitcoin it might go for a hundred times or a thousand times the price of bitcoin.
thoughts?
Right now shitcoins have massive massive market caps that have an upper limit of more coins then the number of stars in the sky
I propose the opposite: a coin that has exactly 999 coins preminted, and no more will ever be made. Call them Doge Shiny or DS.
What you do is give away 100 coins to influencers and rich personalities, and lock the rest behind a smart contract as follows:
when the price per coin reaches a certain threshold, 100 more coins get added to the market and sold, the price multiplying by 10 each time
so when it reaches $0.01, 100 get added. $0.10, 100 added. Same for $1, $10, $100, $1,000, and so on until the last 99 coins sell for $100,000,000.
you may choose to break up the last 99 so they instead sell smaller sets for each price increase increment. If you do 10s then 1s then the last coin would sell for $1x10^26, or a hundred quadrillion dollars.
Obviously, the last few coins would not sell. But as more coins are on the market, more people are aware of the coins and demand increases to the point that people with very deep pockets have no issue with dropping a large chunk of money on the coin, as everyone knows that the price will go up over time very quickly until the threshold is hit. Even if it peters out at just over $10,000 like bitcoin, you, the issuer, have made $111,111.10. with a coin max much lower then bitcoin it might go for a hundred times or a thousand times the price of bitcoin.
thoughts?
