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#151 2024-02-11 13:07:19

Vastextension
Member
Registered: 2022-11-19
Posts: 2,701

Re: What do you guys know that caused the failure of some pre-mined projec

thrive;31746 wrote:
oba;31745 wrote:
joanna;31744 wrote:

These entities have the ability to influence prices, liquidity, and overall market sentiment by strategically buying or selling their large token holdings.

This control can result in increased volatility and unfair market practices, disadvantaging smaller token holders and creating an uneven playing field.

Premined projects with a concentration of tokens often face scrutiny regarding their fairness and trustworthiness.

Token holders who perceive an unfair distribution of tokens may question the project's intentions, legitimacy, and commitment to decentralized principles. This lack of trust can impact the project's reputation, adoption, and long-term sustainability.

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#152 2024-02-11 13:07:34

joanna
Member
Registered: 2023-01-10
Posts: 3,896

Re: What do you guys know that caused the failure of some pre-mined projec

Vastextension;31747 wrote:
thrive;31746 wrote:
oba;31745 wrote:

This control can result in increased volatility and unfair market practices, disadvantaging smaller token holders and creating an uneven playing field.

Premined projects with a concentration of tokens often face scrutiny regarding their fairness and trustworthiness.

Token holders who perceive an unfair distribution of tokens may question the project's intentions, legitimacy, and commitment to decentralized principles. This lack of trust can impact the project's reputation, adoption, and long-term sustainability.

In premined projects, the total token supply is often finite and predetermined. If a significant portion of tokens is concentrated in the hands of a few entities, it reduces the available tokens for broader distribution and participation.

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#153 2024-02-11 13:07:50

oba
Member
Registered: 2023-01-13
Posts: 1,869

Re: What do you guys know that caused the failure of some pre-mined projec

joanna;31748 wrote:
Vastextension;31747 wrote:
thrive;31746 wrote:

Premined projects with a concentration of tokens often face scrutiny regarding their fairness and trustworthiness.

Token holders who perceive an unfair distribution of tokens may question the project's intentions, legitimacy, and commitment to decentralized principles. This lack of trust can impact the project's reputation, adoption, and long-term sustainability.

In premined projects, the total token supply is often finite and predetermined. If a significant portion of tokens is concentrated in the hands of a few entities, it reduces the available tokens for broader distribution and participation.

This scarcity may impact liquidity, access to tokens, and potential network effects that depend on wider adoption.

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#154 2024-02-11 13:08:06

thrive
Member
Registered: 2023-01-04
Posts: 2,575

Re: What do you guys know that caused the failure of some pre-mined projec

oba;31749 wrote:
joanna;31748 wrote:
Vastextension;31747 wrote:

Token holders who perceive an unfair distribution of tokens may question the project's intentions, legitimacy, and commitment to decentralized principles. This lack of trust can impact the project's reputation, adoption, and long-term sustainability.

In premined projects, the total token supply is often finite and predetermined. If a significant portion of tokens is concentrated in the hands of a few entities, it reduces the available tokens for broader distribution and participation.

This scarcity may impact liquidity, access to tokens, and potential network effects that depend on wider adoption.

The concentration of tokens in the hands of a few entities can lead to reduced decentralization within the project's ecosystem.

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#155 2024-02-11 13:08:22

Vastextension
Member
Registered: 2022-11-19
Posts: 2,701

Re: What do you guys know that caused the failure of some pre-mined projec

thrive;31750 wrote:
oba;31749 wrote:
joanna;31748 wrote:

In premined projects, the total token supply is often finite and predetermined. If a significant portion of tokens is concentrated in the hands of a few entities, it reduces the available tokens for broader distribution and participation.

This scarcity may impact liquidity, access to tokens, and potential network effects that depend on wider adoption.

The concentration of tokens in the hands of a few entities can lead to reduced decentralization within the project's ecosystem.

In a decentralized system, power should be distributed among a diverse set of participants to achieve a robust and resilient network.

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#156 2024-02-11 13:08:39

joanna
Member
Registered: 2023-01-10
Posts: 3,896

Re: What do you guys know that caused the failure of some pre-mined projec

Vastextension;31751 wrote:
thrive;31750 wrote:
oba;31749 wrote:

This scarcity may impact liquidity, access to tokens, and potential network effects that depend on wider adoption.

The concentration of tokens in the hands of a few entities can lead to reduced decentralization within the project's ecosystem.

In a decentralized system, power should be distributed among a diverse set of participants to achieve a robust and resilient network.

When tokens are held by a small number of entities, it can increase the risk of collusion, centralization of decision-making, and potential vulnerabilities to attacks or control by a single entity or group.

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#157 2024-02-11 13:09:03

oba
Member
Registered: 2023-01-13
Posts: 1,869

Re: What do you guys know that caused the failure of some pre-mined projec

joanna;31752 wrote:
Vastextension;31751 wrote:
thrive;31750 wrote:

The concentration of tokens in the hands of a few entities can lead to reduced decentralization within the project's ecosystem.

In a decentralized system, power should be distributed among a diverse set of participants to achieve a robust and resilient network.

When tokens are held by a small number of entities, it can increase the risk of collusion, centralization of decision-making, and potential vulnerabilities to attacks or control by a single entity or group.

However, it is worth noting that not all premined projects face the same concerns regarding token concentration.

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#158 2024-02-11 13:09:20

thrive
Member
Registered: 2023-01-04
Posts: 2,575

Re: What do you guys know that caused the failure of some pre-mined projec

oba;31753 wrote:
joanna;31752 wrote:
Vastextension;31751 wrote:

In a decentralized system, power should be distributed among a diverse set of participants to achieve a robust and resilient network.

When tokens are held by a small number of entities, it can increase the risk of collusion, centralization of decision-making, and potential vulnerabilities to attacks or control by a single entity or group.

However, it is worth noting that not all premined projects face the same concerns regarding token concentration.

Some projects have mechanisms in place to address these issues, such as vesting schedules, token release schedules, or community initiatives to foster wider distribution and reduce centralization.

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#159 2024-02-11 13:09:47

Vastextension
Member
Registered: 2022-11-19
Posts: 2,701

Re: What do you guys know that caused the failure of some pre-mined projec

thrive;31754 wrote:
oba;31753 wrote:
joanna;31752 wrote:

When tokens are held by a small number of entities, it can increase the risk of collusion, centralization of decision-making, and potential vulnerabilities to attacks or control by a single entity or group.

However, it is worth noting that not all premined projects face the same concerns regarding token concentration.

Some projects have mechanisms in place to address these issues, such as vesting schedules, token release schedules, or community initiatives to foster wider distribution and reduce centralization.

Additionally, transparency and open communication from project teams can help build trust and address concerns related to token concentration.

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#160 2024-02-11 13:10:22

joanna
Member
Registered: 2023-01-10
Posts: 3,896

Re: What do you guys know that caused the failure of some pre-mined projec

Vastextension;31755 wrote:
thrive;31754 wrote:
oba;31753 wrote:

However, it is worth noting that not all premined projects face the same concerns regarding token concentration.

Some projects have mechanisms in place to address these issues, such as vesting schedules, token release schedules, or community initiatives to foster wider distribution and reduce centralization.

Additionally, transparency and open communication from project teams can help build trust and address concerns related to token concentration.

Premined projects often concentrate a significant amount of tokens in the hands of a few entities, leading to concerns surrounding centralization, wealth distribution, governance, market manipulation, trust, and decentralization.

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#161 2024-02-11 13:10:59

oba
Member
Registered: 2023-01-13
Posts: 1,869

Re: What do you guys know that caused the failure of some pre-mined projec

joanna;31756 wrote:
Vastextension;31755 wrote:
thrive;31754 wrote:

Some projects have mechanisms in place to address these issues, such as vesting schedules, token release schedules, or community initiatives to foster wider distribution and reduce centralization.

Additionally, transparency and open communication from project teams can help build trust and address concerns related to token concentration.

Premined projects often concentrate a significant amount of tokens in the hands of a few entities, leading to concerns surrounding centralization, wealth distribution, governance, market manipulation, trust, and decentralization.

Project teams should be mindful of these concerns and consider mechanisms that promote fairness, wider distribution, and decentralization to ensure the long-term success and sustainability of their projects.

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#162 2024-02-11 20:33:21

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: What do you guys know that caused the failure of some pre-mined projec

Cryptocurrency payments do not come with legal protections. Credit cards and debit cards have legal protections if something goes wrong. For example, if you need to dispute a purchase, your credit card company has a process to help you get your money back.

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#163 2024-02-18 06:46:17

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 2,782

Re: What do you guys know that caused the failure of some pre-mined projec

oba;31757 wrote:
joanna;31756 wrote:
Vastextension;31755 wrote:

Additionally, transparency and open communication from project teams can help build trust and address concerns related to token concentration.

Premined projects often concentrate a significant amount of tokens in the hands of a few entities, leading to concerns surrounding centralization, wealth distribution, governance, market manipulation, trust, and decentralization.

Project teams should be mindful of these concerns and consider mechanisms that promote fairness, wider distribution, and decentralization to ensure the long-term success and sustainability of their projects.

Incorporating mechanisms to promote these values not only enhances trust but also strengthens the foundation for sustainable growth and community engagement.

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#164 2024-02-18 07:00:20

Kelechi
Member
Registered: 2022-12-25
Posts: 3,040

Re: What do you guys know that caused the failure of some pre-mined projec

Premined projects may be vulnerable to security breaches or exploits, especially if proper security measures are not implemented during development or if there are flaws in the underlying technology.

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#165 2024-02-18 07:04:00

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,193

Re: What do you guys know that caused the failure of some pre-mined projec

Well, Projects with inadequate governance structures or centralized decision-making processes may struggle to address community concerns or adapt to changing market conditions, leading to stagnation or failure.

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#166 2024-02-18 20:53:24

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: What do you guys know that caused the failure of some pre-mined projec

To facilitate cryptocurrency transactions, Block has been providing additional liquidity services by purchasing cryptocurrencies from their users. In summary, Block has provided a cryptocurrency trading platform and generated revenues from cryptocurrency transaction processes.

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#167 2024-02-18 20:54:47

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: What do you guys know that caused the failure of some pre-mined projec

crpuusd;32299 wrote:

To facilitate cryptocurrency transactions, Block has been providing additional liquidity services by purchasing cryptocurrencies from their users. In summary, Block has provided a cryptocurrency trading platform and generated revenues from cryptocurrency transaction processes.

Unlike previously examined firms, there are no specific corporate treasury initiatives. And by establishing its own local platform, Block differentiates from Marathon's.

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#168 2024-02-18 20:56:15

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: What do you guys know that caused the failure of some pre-mined projec

Comrade;32300 wrote:
crpuusd;32299 wrote:

To facilitate cryptocurrency transactions, Block has been providing additional liquidity services by purchasing cryptocurrencies from their users. In summary, Block has provided a cryptocurrency trading platform and generated revenues from cryptocurrency transaction processes.

Unlike previously examined firms, there are no specific corporate treasury initiatives. And by establishing its own local platform, Block differentiates from Marathon's.

Block's facilitation of cryptocurrency payments on their Cash App platform has led to a statistically significant decline (at 1% level) in the average daily equity returns from 0.26% to 0.08%.

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#169 2024-02-18 20:58:35

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: What do you guys know that caused the failure of some pre-mined projec

gap;32301 wrote:
Comrade;32300 wrote:
crpuusd;32299 wrote:

To facilitate cryptocurrency transactions, Block has been providing additional liquidity services by purchasing cryptocurrencies from their users. In summary, Block has provided a cryptocurrency trading platform and generated revenues from cryptocurrency transaction processes.

Unlike previously examined firms, there are no specific corporate treasury initiatives. And by establishing its own local platform, Block differentiates from Marathon's.

Block's facilitation of cryptocurrency payments on their Cash App platform has led to a statistically significant decline (at 1% level) in the average daily equity returns from 0.26% to 0.08%.

The limited number of firms used in the study, however, forefront they are, needs to be enriched by other firms' strategies as data become available. Then, more concrete crypto strategies will be formulated. This would be useful in confirming the effectiveness of the strategies examined.

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#170 2024-02-19 20:43:26

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: What do you guys know that caused the failure of some pre-mined projec

As we navigate the complexities and possibilities of cryptocurrency, it's essential to remain vigilant and informed. Education and awareness are key to understanding the risks and rewards associated with this rapidly evolving landscape.

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#171 2024-02-21 20:27:10

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: What do you guys know that caused the failure of some pre-mined projec

Nevertheless, pre-mining continues to be a gloomy process for a lot of individuals because it creates disbelief among users. A reasonable amount of developers would pre-mine and put away a big number of coins prior to the ICO, without showcasing this data to the public.

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#172 2024-02-21 20:29:40

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: What do you guys know that caused the failure of some pre-mined projec

when the cryptocurrency is issued and values are inflated due to an absence of coins available, these creators will reintroduce their pre-mined coins into the market, causing a sharp drop in their price and harming outsiders.

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#173 2024-02-21 20:32:03

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: What do you guys know that caused the failure of some pre-mined projec

Premining could occur due to unscrupulous and unfair practices of the developers or the cryptocurrency market exchange platform.

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#174 2024-02-21 20:33:35

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: What do you guys know that caused the failure of some pre-mined projec

Many private developers would mine and allocate coins to themselves before releasing the open-source code of the currency to the public. This practice is generally believed to be for the benefit of the developers, led to distrust by investors, and fostered a lack of transparency in many digital currencies.

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#175 2024-02-22 18:59:46

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,420

Re: What do you guys know that caused the failure of some pre-mined projec

Comrade;16812 wrote:
Camavinga;16779 wrote:
Comrade;16631 wrote:

Pre-mining can help a project build trust with its community by demonstrating that the team is committed to its success and has skin in the game.

The way to build the trust of the community on a project is by what the project offers and whether it can be put to good use, if a crypto is pre-mined or not does not matter, many people do not even like pre-mined coins and i know a lot of them that were scam projects.

Ofcus many crypto users dislike the pre-mining but pre-mine is also proof to investors that the coin or token that has been created is actually functional.

Pre-mining in the context of crypton refers to the practice of mining or generating a certain amount of a crypton tokens before the public launch or official release. This can be done by the creators or developers of the crypton efore making it available to the broader community

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