$REZ I am going to explain to you why we see 1700%, many people are asking, I am going to talk to you about the new coins both launched from Binance and launched from any platform. The vast majority of currencies raise capital in the pre-sale by selling the currency at a price or doing a drop, raising money by getting investors and making the currency gain value. The capital they have raised in the currency in whatever way is used to give value to the currency. They use the money they got to put liquidity in the currency that they did not sell and give value to all the currencies. It is somewhat complex to understand at first, I am going to give you an example with round numbers, it is easier to explain. We create 1000 coins in total which would be the maximum supply. We are going to use 100 of these coins. Ok with these 100 coins which is the circulating supply that we will use for the moment. We are going to sell or raise money for this coin and give 20% of the coin to people with this goal. We will use the other 80% of the coins to give value and have liquidity. I collect the 80 coins and place all the money collected. Now people can buy or sell in liquidity, the more coins there in the liquidity, the less the currency will cost, the fewer coins there are, the more it costs. I hope I explained it well at least you understood the idea. I know there are more complex things but this is a summary. Because the price skyrockets and no one can buy cheap, the only way to buy at this price that you see reflected below would be to buy in pre-sale before adding liquidity, something that did not happen with this currency, the price is the price at which people I farmed the currency, no one bought at this price, no one earned 1500% buying calmly. (if you like what I write, follow me, you will help me), (for those who use content from others) (If you are going to use what I write, at least follow me and mention my profile saying that I wrote it, it's the minimum). Investment in cryptocurrencies is not regulated, do your own research and invest at your own discretion.
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