Read on Twitter
Since I’ve been pretty vocal, I feel like I should definitely update you guys on my opinion of $labs.
The token release schedule is aggressive, no doubt about it. There’s ~270 million tokens released every month.
1/?
The token release schedule is aggressive, no doubt about it. There’s ~270 million tokens released every month.
1/?
This month is the same, in 6 days another ~270 millions tokens will be released which increases the circulating supply by 27%.
If we follow last months token release price action, the price will drop pretty heavy on the day of the token drop (I’m guessing to just below .0200.)
However I think this is the last month of the unfavorable price action, in June the USA platform goes live and shows a working product for the project.
After June I don’t expect the token releases to be as dramatic to the price action.
TLDR; $labs price will probably continue to fall until June due to an aggressive token release schedule. No fud, I like the project and I’ll buy more when it falls.
TLDR; $labs price will probably continue to fall until June due to an aggressive token release schedule. No fud, I like the project and I’ll buy more when it falls.
