As the title states be very careful trading Quarkchain. Currently it is going bonkers on IDEX and up over 180% with crazy trade volume to match.
There is only one problem. Only 3.61% of the total supply has hit the market. Which means the highly anticipated coin is in high demand and very little supply. This has caused the price to inflate in what could be perceived as a very unnatural manner. Also the supply will more than double on July 4th so that is something to keep in mind.
This risk for volatility is so high that Binance themselves felt the need to address it in a statement.
10bil token: 35% locked up for 2 years and 45% have to be mined... so 80% gone.
20% left of 10bil = 2bil for sale of which only 28% are currently unlocked and this will change by 10% every month for the 2bil.
Wait who holds the rest?
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I have to go get the total breakdown but I believe 20% was sold to the public.
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10bil token: 35% locked up for 2 years and 45% have to be mined... so 80% gone.
20% left of 10bil = 2bil for sale of which only 28% are currently unlocked and this will change by 10% every month for the 2bil.
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At Least it not as bad as ripple...
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It's going crazy because of the Binance listing (listed but trading hasn't started yet).
It's a pump and I am not touching it with a ten foot pole.
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That and lack of supply. This could become very messy for those involved.
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Yup, definitely. When it's going to drop it'll be a free fall. Better to stay clear, thanks for the warning man!
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Moths to a light
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Oh my god its up over 180%!
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crazy.
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What the fuck is happening here :o
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A tricky situation.
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We have to be careful because prices are not fixed there is really a big drop
Thank you for your information
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good and informative
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