The slow death of a denied giant!
$BTTC
The slow death of a denied giant!
Once upon a time, the best token in TronChain, $BTTC, a sleeping giant, wrapped in promise, used and appreciated.
At a certain point, it was a real sneaky strike, to conduct a 1:1000 base reset, using the excuse that the supply was insufficient. Pride crept into someone's head, thinking that all torrent users would use the token, or that they would do so at the same time. If they thought of making the token mandatory, the result would be ugly.
"Only" gave 500 tokens to each client, they say... most of them never used the token and never thought about using it. And even if everyone used it, it has 8 decimal places, which provides a lot of room for maneuver without affecting the maximum supply.
Doing something like this shows a complete lack of understanding of economics, the market, and trust.
The existence of scarcity is a precursor to people's desire, a lever for the rush of adoption; the less that exists, the more desirable it becomes. In addition to being the law of supply and demand, it is also human psychology. Just a tip.
If nothing is done, the best token in Tron (besides $TRX) will slowly die until there is nothing left.
In my opinion, which means nothing, it will be very, very difficult for $BTTC to get out of the hole it is in.
I have 12 million tokens and will hold onto them, but I have no hope for this token with this tokenomics policy.
Best wishes to all who believe in the token. I wish you good luck. It will be tough.