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๐จIndian Stock Market bloodbath today as selling pressure increases across sectors. Nifty down 10%๐ป Small cap Index down 11%๐ป Retail Investors looking up to the administration ๐ #StockMarketCrash
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๐ฃ๐๐๐ ๐ฐ๐ฟ๐ฎ๐๐ต๐ฒ๐ฑ ๐ณ๐ฌ% ๐ถ๐ป ๐ฎ ๐ฑ๐ฎ๐ ๐จ๐จ ย People are still confused about what went wrong with $PAAL. ย HOW HAS IT ALL STARTED? ย Yesterday, news came out that @PaalMind is planning to merge with @ASI_Alliance. ย For this merger, the community voting will start on November 18, 2024, and will close on November 23, 2024. ย But why can a merger news drop the price by 70%? ๐ค ย Lemme explain.. ย First, you have to understand the token conversation.ย ย โฝ #FET (ASI) Token Supply: 2,719,493,896 ย โฝ #PAAL Token Supply: 1,000,000,000. ย โฝ Token Merger Rate: 6.24:1 (If you have 6.24 PAAL tokens, then you will have 1 FET). ย ย Now the main problem is that once the merger happens, you will not get all your tokens at once. ย There will be a vesting period of 180 days for converted tokens. ย You will get an equal continuous release over 180 days (daily). ย This is causing panic in the market because no one wants to wait for 180 days (6 months) to get all tokens back. ย Now PAAL holders are dumping the token in the fear that if this merge happens, they have to wait for 6 months. ย What's your opinion about this? ๐
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#grayscale 's spot #ETF selling has slowed down, while BlackRock and Bitwise continue their steady accumulation. U.S. spot #BitcoinETFs now hold over 982,000 $BTC .
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India still remains at 30% Tax + 1% TDS ๐
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