In the image, you can see a rather interesting comparison of the price-to-market cap ratio of Notcoin, which has a deflationary mechanism, with an altcoin that has an inflationary mechanism.
The following formula is used to calculate market capitalization:
Market Cap = Token Price × Total Circulating Supply
The current market capitalization of the cryptocurrency market is about $2 trillion. Despite this, many altcoins continue to hit new lows or consolidate near them. This is due to constant hyperinflation and the issuance of new tokens, ongoing unlocks, which decrease the price and increase the amount of money needed to grow the market cap.
Notcoin, however, has a deflationary model. All tokens are already in circulation, and there will be no new emissions. This ensures that the supply will not increase, similar to Bitcoin. 90% of all Notcoin tokens are in the hands of the community. This means that power and influence are evenly distributed among ecosystem participants. The absence of vesting, unlocks, and funds eliminates the possibility of supply manipulation.
During this period, 227,951,278 $NOT worth $3,692,810 have been burned.
In the image, you can see a rather interesting comparison of the price-to-market cap ratio of Notcoin, which has a deflationary mechanism, with an altcoin that has an inflationary mechanism.
The following formula is used to calculate market capitalization:
Market Cap = Token Price × Total Circulating Supply
The current market capitalization of the cryptocurrency market is about $2 trillion. Despite this, many altcoins continue to hit new lows or consolidate near them. This is due to constant hyperinflation and the issuance of new tokens, ongoing unlocks, which decrease the price and increase the amount of money needed to grow the market cap.
Notcoin, however, has a deflationary model. All tokens are already in circulation, and there will be no new emissions. This ensures that the supply will not increase, similar to Bitcoin. 90% of all Notcoin tokens are in the hands of the community. This means that power and influence are evenly distributed among ecosystem participants. The absence of vesting, unlocks, and funds eliminates the possibility of supply manipulation.
During this period, 227,951,278 $NOT worth $3,692,810 have been burned.
The company maintains that it cannot act against individual or group chats, which are “private amongst their participants,” but it will respond to requests in relation to sticker sets, channels and bots which are publicly available. During the invasion of Ukraine, Pavel Durov has wrestled with this issue a lot more prominently than he has before. Channels like Donbass Insider and Bellum Acta, as reported by Foreign Policy, started pumping out pro-Russian propaganda as the invasion began. So much so that the Ukrainian National Security and Defense Council issued a statement labeling which accounts are Russian-backed. Ukrainian officials, in potential violation of the Geneva Convention, have shared imagery of dead and captured Russian soldiers on the platform. Ukrainian President Volodymyr Zelensky said in a video message on Tuesday that Ukrainian forces "destroy the invaders wherever we can." As the war in Ukraine rages, the messaging app Telegram has emerged as the go-to place for unfiltered live war updates for both Ukrainian refugees and increasingly isolated Russians alike. This ability to mix the public and the private, as well as the ability to use bots to engage with users has proved to be problematic. In early 2021, a database selling phone numbers pulled from Facebook was selling numbers for $20 per lookup. Similarly, security researchers found a network of deepfake bots on the platform that were generating images of people submitted by users to create non-consensual imagery, some of which involved children. Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open.
from sg
