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$RSR KNOWLEDGE BOMB:Q: wtf? Only 8% in circulation? They gonna dump on us?
A: No fren. We sittin REAL cozy. See mini thread below
55% of all tokens are locked in a slow release wallet. It belongs to Reserve. They canât take anything out without giving the market a 6 week notice. They have 2 incentives to never dump those.
The first is the massive arbitrage profits that will fund the company forever - just by holding that 55%. Marketing spend. Salaries. All that.
The second is called âself-governanceâ itâs the last part of the plan. When self governance is activated no one will be in control of company decisions. Only the token holders. 55% gives them guaranteed authority while also never being able to be taken down by the real government
If Nevin goes to jail or gets shut down by the gov Anyone with control of the wallet will be able to have majority control over the future of RSR / RSV.
The rest of the unreleased supply belongs to seed investors. They got a special low price before RSR was released to the rest of the world. Theyâre also in a slow release wallet that will release in the 6 months following mainnet launch. (3 to 9 months from now is mainnet - ish).
These people also have a massive incentive not to sell. Nevin wonât launch mainnet until the arbitrage profits are high enough to incentivize the seed investors not to sell.
That will happen after they finish tweaking the app and theyâre confident it will generate enough RSV adoption to highly incentive RSR holders not to sell. Specifically the seed investors. Thatâs the only reason theyâre waiting on mainnet launch. Itâs already built (supposedly).
Just waiting on RSV adoption that comes with marketing spend. We are also talking the PayPal mafia and Peter Theils other friends. They arenât pump and dump investors. Theyâre here to arbitrage the worlds first global currency.
But even if the app fails and arbitrage isnât enough to spark RSV adoption. And itâs not enough to incentivize the seed investors not to sell. All the seed investors are in a 6 month slow release wallet that starts after mainnet - slowly releasing over 6 months
So regular rsr investors would have 6 months to realize its not enough and sell their own RSR. They could gradually dump if they thought it wasnât good. But that is still much safer and more obvious than a straight release with no slow release.
Youâd be able to see it happening and sell your tokens too. But for that reason thereâs no way Nevin will release mainnet until the arb profits are massive enough that no one wants to sell. Regular investors. Seed investors. Or the Reserve team
Sorry - this turned out to not be a mini-thread. Thanks for reading, frens!
Also, forgot to mention the team tokens. Theyâre also on a 6 month slow release following mainnet.
For all those reasons - we comfy, frens. We are in safe hands with Nevin.
Also, forgot to mention the team tokens. Theyâre also on a 6 month slow release following mainnet.
For all those reasons - we comfy, frens. We are in safe hands with Nevin.
This token unlocking is EXTREMELY well thought out and designed specifically to be fair and reasonable to every type of investor (team, seed, or Ranger) while still being good for the project as a whole.
Sorry if this got a little awkwardly worded towards the end. I was copying and pasting multiple texts together that Iâve sent people in the past. Maybe have been drinking when I wrote a couple of those last texts
