What you need to know about #IO coin before putting all your life savings;
Do not HOLD #IO token for too long, buy now and sell when the price is up. Those who bought at the peak of $6 are already crying for loses. I told them to be patient that the token was overpriced and overvalued but they turned deaf ear to my advice.
There is a fixed maximum supply of 800 million $IO coins.
500 million $IO coins will be distributed when it launches.
300 million remaining coins will be emitted and paid to Suppliers and their Stakers as Rewards. This occurs every hour.
The total supply of #IO is 800 million, only 95 million is in circulation, representing just 11.8% of the entire token
What is the implications of this?
There are about 405 million tokens of IO yet to be released into circulation for trading, by the time these tokens are released into circulation gradually, the price will always go down and the value will reduce.
What can you do?
Buy IO token now when is at low level, today is around $3.8 and sell when it goes up to about $6 or $7
Do not be emotional about loving this token, the price will always be affected once new tokens are imminently being released into circulation
The tokens I can hold for long time ( 3 to 5 years) are cryptos like #Notcoin or #Bome where no new tokens can be added and the circulating supply is equal to the total supply.
Why will you release a coin into market where you only release just 11.8% of the total supply to the market to inflate the price so that people will rush and buy it thinking it bullish not knowing that they created scarcity artificially to boost the price
I have bought IO token at $3.6 yesterday, waiting to bullish before I sell it and buy again when they release some of the tokens into circulation because the price will go down at each point of release of new token.
This is not a financial advice: DYOR
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