$OM destroyed 150 million tokens, with a total value of 75 million dollars.
No matter what everyone says about om and the infinite issuance of tokens.
I think, since the issuer has this determination to do such things.
I am also willing to believe it this time.
At least the luna incident has been almost a month, and nothing has happened.
And I believe that the current position of 0.4 is a low point for the future.
This year, unless the price per token reaches several dollars, otherwise, it is impossible to continue increasing the maximum supply.
Otherwise, it would be destroying tokens and increasing issuance again, wouldn't that be shooting oneself in the foot?
It would also provoke distrust in the market, and when the time comes to sell, no one will take over.
What we need to see now is whether om can continue to develop its own independent market.
If it can achieve that, then it doesn't need to care about bull or bear markets.
If it cannot achieve that, then it can only leave it to fate.
Finally, I want to ask the om token issuer, do you still have money in your pockets?
If you have money, go and raise the price, taking advantage of this conference when jp is saying good news.
The alpaca earned a full pot, isn't this a precedent?
First, raise the token price, as for whether it can stabilize, let the market decide.
If the price remains stagnant and does not rise, it will only cause the enthusiasm to dissipate again.
If the enthusiasm can be brought back to om.
Then slowly selling afterward would at least earn much more than the current price.
Om can once again return to above 1 dollar, while 0.x dollars is indeed a drop in value.
As the license that debuted in Dubai, you cannot be so mediocre.
Raise it to 0.8 dollars, and the community will all speak well of you.
Raise it to 1 dollar, and everyone will forget about the event where om dropped 90% in a single day.