Front, the original old coin supply is 90 million, and after changing its name to SLF, it becomes 360 million, and the total amount directly increases by 4 times. Take a part of SLF to exchange Front for retail investors, and the remaining several hundred million coins are in the hands of the project party. In the last bull market, a wave of leeks were cut, and in this bull market, several hundred million more coins were issued to continue cutting leeks.
ALPHA changed to LTLY. The total amount is 1 billion, and the additional issuance is 3 billion.
TVK changed to vary, the total amount is 1.2 billion, and the additional issuance is 2.4 billion. The total amount doubled. The total amount of SXP increased from 300 million to 610 million. More than doubled
START changed to STRAX. The original 130 million coins were issued, and the additional issuance was 1.96 billion coins, with both decimals and integers. Who is the 0.6 billion for? This number is too terrifying!
As a first-class team, Mati Matic originally circulated 10 billion, and after changing to POL, it changed to 10 billion + 2% annual issuance. It increases 200 million coins every year.
The project owners of the above currencies have no bottom line in cutting leeks, and they have taken human greed to the extreme. The key is that they are also using web3. In the face of huge controversy, the slf project owner said that the additional issuance of $SLF is to ensure the security and resilience of the network within the ecosystem. So it was not safe before? This guy is shameless to the extreme. SLF, the original front coin, has dropped by 39.3% in 4 days. MATIC, as a second-layer star project of eth, is also on the road to death. It has dropped by 16% in a few days since the name change and additional issuance. You said that the token itself has issued 10 billion, which is a huge amount, and it is not enough. It is a typical representative of greed.