How much MTR is available?
If Uniswap is the only DEX on which you can buy MTR then there is only 192 752 MTR availableπ². The rest belongs to the community.
As the price increases, many will want to take profits so there will be more MTR available on the market.
The Den community is very strong and understands the utility of MTR token. The more MTR you have, the more power you have on Den. Many won't sell. Especially if the price goes up. The high price of the token will only make its true function more visible.
MTR was not designed for trading. This token is intended to support and secure Den. Users are motivated to hold as many tokens as possible.
Den is different from media that offer monetization.
πDen is building your own business.π Other social media is receiving a paycheck.
If you have a good social media channel, you can receive a share of advertising revenue. You have to be active and engage your community all the time. If you stop creating new posts you lose revenue. Old posts are usually not read so they do not generate income.
πIt's different in Den. First, you can become the owner of a part of the platform by owning LOT. This will generate income for you without your participation. In other words, you will earn money from other people's posts. Secondly, having MTR gives you the ability to vote on other people's posts. By rating them you earn. This is a very easy method of earning. At high prices, passive income will be realized without the need to sell the main bag.
MTR's high prices also increase competition and the quality of posts.
To sum up, such a small amount of MTR available for purchase indicates that most people are not interested in selling it. High prices will be an incentive to make profits, but they will also highlight the true value of this token, encouraging its accumulation and selling only fractional amounts.
You could say that MTR was not designed for trading but with the thought that its price would be high. The higher the price, the more precisely the system works.
I published this post orginally on this site:
https://den.social/l/Cryptocurrency/3FsxNpy5Bv/only-so-little-mtr-available-on-the-market/?ref=c7adaafdf39c4fadac076d0db00b64a4