Quote:
Originally Posted by TheVoy
So what happens if the platform doesn't find any new investors and existing investors do not deposit more money? I want to know what happens during this exact event.
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Hi, sorry for the long delay, been away for a while.
In the situation you described it would react in the same way that any other traded commodity would behave without new buyers.
One of the big differences between something like Futures and a traditional bank is that since only 0.5% of the balance can be claimed daily, bank runs like we've seen in the news lately simply are not possible. This doesn't mean it's zero risk, it is crypto, there is always the chance of a hack.
Some numbers to chew on:
Since the original post the price of ELEPHANT token has risen from ~$0.0984/million to ~$0.1231/million, an approx. 25% increase
The ELEPHANT treasury, which helps support the tokenomics of the project, has risen from ~100T to 122 trillion, with a current market value of $15.1 million USD. As this treasury grows it pulls ELEPHANT tokens out of the LP's which could induce a very pronounced supply shock, causing the price chart to go parabolic with continued demand and an ever lessening supply.
I posted about the Futures feature on Jan 30, 56 days ago. A deposit made at that time would have accrued 28% to date.