SO THEYRE INCREASING THE SUPPLY FROM 1 BILLION TO 100 BILLION?!
How the FUCK do they think thats a good idea....
Am about to sell my 21,000 stack...
its a
>100x more but 100x cheaper sort of thing
It is losing all moon potential, sure we're all going to have fat stacks of vechain now and it will be easier to buy in, but there wont be a moon if its a 100 billion supply..
Other urls found in this thread:
en.wikipedia.org
youtube.com
twitter.com
FUCKING CHINKS THINK CRYPTO IS YUAN
lol absolutely CHINKED
If i held my 21,000 stack rn until main net
it would turn into 21,000x100 = 2,100,000 ven.
It will also decrease in price x 100
You will still have the same amount of money, but it will be scaled down 100x and your amount of ven scaled up 100x
What’s more likely when normies fomo in $100 VEN or $1 VET. The trx effect here where market cap don’t mean shit, it’s a brilliant move
the absolute state of VEN bagholders
actually genius move lmao. Ur gonna get so much free money. U will have 21million vet. The price of ven rn is 4 dollar each for 21,000. If the price of vet is anything over .04 cent per vet when you have 21million of em you will be making bank
>21 million vet...
21,000 x 100 is 2.1m ven not 21m
I am neutral to bearish on this. I don't see the current price as an obstacle to either institutional or retail investors so, therefore, I don't see a reason to do a 1-100 split on main net launch. Their whitepaper better release some solid numbers and arguments about why they are doing this split.
fairly certain this came about as a result of their oxford connection which was solely intended to use their brains to think about shit like this
why the fuck are people comparing it with eth?
that was never it's purpose, 3 months ago VEN was about RFID blockchain or some shit, TRX completely changed their purpose too
are people this gullible?
DONT BUY THIS
>solid numbers
Bro you suck at pattern recognition. It's been almost all exaggerated advertising so far and little to no numbers or details. Don't assume it'll be different this time.
I'm not quite sure how I feel about this yet. On one hand I can see how it could create that tron/ripple effect where the cost is so low normies pump it like crazy, but on the other hand I wouldn't want them to make such a drastic change for that reason alone.
so it's a share split? what the fuck is the problem
Also daily reminder that DNV GL, Breyer, Draper, etc. hold equity and you don't
>tfw when normies got tricked into holding their x nodes
>tfw when the chinks win again
>tfw when chinks will rule the world in 20 years
Nice I didn’t invest in this shit
Brainlet here
Whats the point of the split?
"Muh Whitepaper" is getting released in the next 48 hours - I don't think it's unrealistic to assume a more technical explanation of their reasonings on the 1-100 split. It might even give some insight into the cost and number of transactions at the launch of mainnet but that might be asking too much.
Their explanation was that the levels of adoption are higher than expected, so they'd like to increase the supply so companies are dealing with more whole numbers instead of fractions.
According to the speech today, they have some 250 companies in the adoption pipeline.
>herro round eye, me give white paper now. you see fancy formurra. is very good round eye. VET only few cent round eye, very good. you buy now!!!
>that might be asking too much.
en.wikipedia.org
>so companies are dealing with more whole numbers instead of fractions.
Sounds like a solution to a nonexistent problem, but I trust VeChain.
It makes sense when you put it in the context of pitching your platform to non-techy execs.
>you will need 1 coin to track your product
Sounds a lot better than
>you will need 0.000148 coins to track your product
Link?
I really have a hard time believing that. If that really turns out to be their rationale, what happens when that coin increases in value? Are they going to do a 1-2 split every time VET goes from 1 cent to 2 cents?
I don't think execs care about that level of detail but sure. Stock split is the least of concerns.
Well, since they are going 100x the first time, we'd have to see 100x market cap increase just to get back to where we are now, which is a point where we don't even have a problem quite yet.
Unlikely we will ever see it become necessary again.
This is amazing news for VEN you retards. Now VEN gets to join the low price shitcoin pump up there with TRX and XRP.
Say what you will about Shady Lu, but he has VENTARDS best interests in mind. He sees what the market likes (Supply chain not working, how about DAPPS?) and changes Ven to copy that, thereby increasing price.
You VeChain fans don’t even see yourself as investors anymore. You’re more like willing participants. It’s honestly quite sad and disturbing to see the crowd get filtered down to this state.
Rumor is true. We have exit scammed and bought islands in South China Sea.
This literally changes nothing lol and the fact that there are retards on this board who think that it does says a lot about the average bizraeli iq
this. you utter spastics dont realise that this is a 1:100 "airdrop".
The only thing this shows me is their confidence that we will see $1 VET ($100 VEN)
This is so exciting. I normally do not get overly wrapped up in price, but think of the change in psychological commitment to purchase VET. You currently have to pay ~$4.00 to purchase a single VEN token. At mainnet launch, that price theoretically decreases to $0.04 per VET at the same market cap.
Unbelievable news. I mean we are basically taking the strategy of the shitcoins (Tron, Verge, etc.), and implementing it into a blockchain project that has massive partnerships and use cases throughout the entire world.
Incredible!
DONT BUY THIS DONT GET CHINKED WATCH THE CHINA HUSTLE
Laowai is a faggot
>Lowering the token value is good because it brings in crypto trash like TRX
lol these fucking chinks think they can flip ETH with their chinkcoin.
Hahahahaha
That is true, and a good fundamental explanation
I thought this was a joke.
I'm sorry, this is a huge scam coin, genuinely.
They change their whitepaper terms on a complete whim and this time its solely to moneygrab
I know perfectly whose idea this was too
If you are still in this then, gg.
>companies will need 100,000 ven instead of 1000 ven, whole numbers, very wow much innovation
How is this so hard for people to comprehend? When ripple went from 17 cents to $2 it was also a huge moon even though the supply is 40 billion. You can divide these coins as much as you want and the result is exactly the same. That's like saying satoshis can't moon but Bitcoin can....
There is statistical evidence on something like penny stock effect: coins with small face value grew their marketcap more than more 'expensive' coins after controlling the starting level marketcap. I see if I can manage to dig up the source.
This is great shitcoin tactics, I agree with that.
I can't wait the main net to launch. This shit is going down so hard lol. The evidence speaks for itself. Poorly written "technical documents", token economics "developed" by "oxford" that change every month. Lol I bet even DNV GL and especially their customers who are forced to use this shit have no idea how it's gonna work out. But who cares about running a real business kek.
DONT YOU FUCKING SELL
that's a bit of a red flag, not because it's a bad move for token holders but because it seems like they are using all marketing tactics possible just to create new buyers, and not providing any actual details of ecosystem while big players like dnvgl are investing by buying stake in the company and not tokens
So VeChain is a company and not a Foundation. Fucking Kek
>they got them to stake their x nodes before dropping this news
holy fuck, I would be shooting chinks on sight in the street if I had fallen for this shit
How is this a bad thing lol
You VEN fags should lose your money, you invested in a scam! Its your own fault for supporting the scam
retards are the problem
IDK the more I think about it the better it becomes, normans are scared by coins that cost over a dollar each. This trick might rope in a few hundred more million dollars worth of 'investment', then I could finally dump this shit
Don't care what the reason was
This is a shady pump , hype tactic
You damn well know it
I sold this shit a month ago due to biz FUD
Thank god i'm not a brainlet and know some FUD is very helpful
I also bought during the shilling and swing traded it as i do all coins. So i made some profit
>He is holding till chink nodes are in use
*Breathes in*
holy shit. details are fucking BORING and cause losses at this stage of the market. the most technically impressive chinese chain (btm) is never even fucking mentioned in biz.
these massive companies aren't going to partner with a pump & dump. There's been so many partnerships announced that people are numb to it and even forget about entities like Kuehne + Nagel
Norman companies are scared by having to use fractions of coins (thor) right from the beginning. Sue them for being more popular than they anticipated
vet is 20% of ven -> if ven = 10$ , vet = 2$
there are 2, non profit foundation that overwatches the blockchain and assigns rights to being authority node
and a for profit company that will sell dapps, RFID tags, assistance services etc., that is the company that jim breyer and dnvgl invested in
wow that's troubling
if i knew they were going to do anything like this, i don't think i would buy this coin
why does it matter? you simply fucking hate money if you don't buy this coin
it's fckn retarted money, that buy tronix level coins, ffs
lmaooo @ paid pajeets using this as fud...at worst this change will attract more normies and increase the price. Why are u pajeets pretending this is a bad thing?
what's the problem here?
>zero's out
>makes no difference to the value you hold
>only attracts more 12 y.o anons to buy in
actually a smart fuckin move
what happens to the coins i bought for 9 dollar!! FUCKING CHINK SCAM
I’d like to say I’m shocked at how many people on here don’t know what a stock split is but this is biz. A board full of street shitters and fucking idiots. I am not surprised.
100 billion supply to track wine
thank god I sold my bags at a profit, who the fuck pulls this shit right before mainnet
>comparing a wine tracker with a decentralized global supercomputer
Kek. Absolutely retarded.
going to sell my stack with a great loss but i dont care dont want this chinkscam coin anymore
hopefully it's an x node, not enough of those have left yet
HAHAHAHA BREYERE'D LMAO I USE TO SHILL THIS SHITCOIN
ITT
>chink scam
>selling my stack cus of this
>stack
>100 VEN
Y'all fucks got chink'd! You'd think you would have learned your lesson by now with WTC or TRX. You fags will never learn!
Maybe "Oxford" could not handle decimal numbers and decided to multiply everything by 100. Their study on token economics is very impressive and has no match in academia kek
CHINKED!
Only Jow Forums could FUD a brilliant marketing move.
I see a pattern with these chinese coins. There is absolutely nothing they won't say or do to pump their token's price. If only they would put this effort towards amazing tech, or develop a market..
Even with a few real partmerships, VEN goes out of their way to make this look like a scam.
youtube.com
>tokenized
>digitalized
>contribulized
>blochainized
I wonder why those tickets were only $2000 dollars because this stuff is priceless, like real r/buttcoin/ level bullshit
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
It's actually a good thing that VEN has some people convinced it's a scam. It has remained vastly under-priced in comparison to projects that have absolutely no product or partnerships of any kind, which has allowed us to buy more of it.
When it eventually moons, people are going to look back and wonder why they ever thought PWC or DNV GL would publicly associate themselves with a scam (let alone partner with). I don't know how anyone believes the FUD anymore but it will be their loss.
kek
Uh.. so this means I can get cheap vchain? When are they increaseing supply?
1 VEN = 100 VET come mainnet launch
Price of VET will also be divided by 100.
If you buy 1 VEN now for $4, when mainnet launches you will have 100 VET still worth $4 total or $0.04 each.
It's solely entertainment for me now while I'm still accumulating kek
> fiat is eating muh savings due to goverments printing money
> crypto creates 100x the supply from thin air
the absolute state of cryptards
do you know what a stock split is
>Global supercomputer
>Glorified token generator
This pajeet cant be serious, someone please tell me he is joking
You fucktards are overlooking one of the best parts of this split. the Vet to thor generation just went 100x too.
It doesn't matter how many THOR you are generating, what matters is what it's worth. The value of THOR just decreased by 100x.
Anyway....I don't get this at all. Why split? The reasoning for a traditional stock split would be when a share increases in value significantly over comparable stocks and becomes too expensive. The split is just designed to make it seem more affordable and encourage in smaller amounts.
VEN is only $4, it doesn't make any sense. I see it as a money grab to be honest. They was low price shitcoin status like TRX because they are selling this to crypto moon kids...It seems like that's always been their target market.
*encourage trading
Since existing stacks get multiplied by 100x, this is objectively better because normies are biased towards coins that are cheap per unit. It just feels better to own 50k of something vs 500 of something
all the dumbfuck pajeets right now
to help get rid of fractional transaction amounts
businesses don't like working with fractions and long 0.0000 decimal amounts
ITT: FUD
HURR I FUCKING LOVE CENTRALIZED BANKING PLEASE FUCK MY ASS DADDY MONEY Printer. You fucking nigger sell all your crypto now you don't deserve to be here
Yes user, you're much smarter than DNV-GL, PwC, Jim Breyer, and Tim Draper among others. Thank you for your comment, I hope those brainlet billionaires read it and recognize your obvious investment knowledge superiority.
this your first time on an anonymous board isn't it?
i can tell you're so relieved you can say nigger without mom knowing
absolute state of Jow Forums don't understand simple concepts like market cap
You know this is not printing money right? Of course someone who randomly calls people ''nigger" is so dumb they don't see the difference
I remember yesterday some user says that amount of fud is fucking unbelievable
and then he said that something big is coming, he was right
Yes it does idiot. You are too blue pilled on crypto. Look at bigger picture.
Shady Lu changes his coin to fit whatever is Fotm. They hype every partnership, have shifty markting with CCK and insider trading and now they are changing token dynamics tonfit with shitcoins that moon due to being bloated and normies thinking they are cheap.
It signifies that they care more about making idiots buy and speculate than they do in delivering any real product.