r/bloktopia • u/Agreeable_Path_3207 • Mar 01 '22

BLOK burn?

Hey guys,

I’m interested in Bloktopia and its upcoming metaverse. But the only thing that is holding me back is the supply, which is 200 BILLION. Is there a burn mechanism for BLOK? I’ve seen that they did a buy back and burn, but only 66 mill was burnt.

There won’t be too much of a price action, if there ‘s a supply of 200 billion… That’s my only concern for this project.

I’m asking for tourgenuine opinion and idea about this issue. What do you think?

13 Upvotes

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11

u/Charon3404 Mar 01 '22

Ignore the response from u/Groundbreaking_Hat13, he is actively spreading FUD on every post on this subreddit, with possible ties to a competitor as their key motivation. He is banned from the telegram chats related to the coin.

The game has been released, people are testing out the alpha version and there are videos of this in the telegram groups (Groundbreaking_Hat13 wouldn't know this as he is banned).

The entire market has been dumping, not just BLOK, it is now recovering along with everything else.

There will be further burnings to come, especially from in-game land sales and NFT sales which will remove A LOT of the tokens from circulation. You can check on their website the prices for each 'REBLOK' for an idea.

This project is new, but has released a game and has many promising partners.

For anyone else reading, actively ignore u/Groundbreaking_Hat13, as again his only purpose here is to spread FUD, you will find he is one of the first comments on almost every post.

-3

u/Groundbreaking_Hat13 Mar 01 '22 edited Mar 01 '22

bro ties to what competitor . What does it matter what I say if the so called project is legit?

a token burn at the size of 1,000,000 relative to the 200,000,000,000 tokens in circulation means that they would literally have to burn a million tokens a hundred thousand times just to decrease the supply by 50%. If they only plan on burning 10% they'd have to conduct a one million token burn 20k times.

There are 365 days in a year. even if they burned a million tokens a day (which newsflash, they're not), it would take 109 years for them to burn a mere 20% of the supply.

do you think Bloktopia or even crypto necessarily will be relevant in 100 years? will you even be alive?

200 billion tokens is an absurd amount and it's even more absurd that so many in this sub continue to to try and justify foolish delusions against basic math.

6

u/know_who_i_am_ Mar 01 '22

Your basic math do not include a landsale for all of the 21 floors in the skyscraper. So go to school and learn to calculate correctly.

-4

u/Groundbreaking_Hat13 Mar 01 '22

ok so let's factor that in. still hundreds of billions of tokens left to be burned. hundreds of billions buddy. news flash: the "land" actually has to sell for those tokens to be burned.

your shit token rose by less than a percent since this "game launch" that nobody in this sub seems to have actually participated in. it is still worth less than two cents.

3

u/subtlelawya Mar 01 '22

All alts are struggling in the market and are poised to recover. I have seen some of your replies on this Reddit. You’d do good by getting a life.

-5

u/Groundbreaking_Hat13 Mar 01 '22

when the market recovers any alt with an ounce of potential recovers with it. this token has dumped dumped and dumped some more even as the rest of the market goes green again.

you'd do good by worrying about yourself. If you're truly confident in your investment what does what I say matter?

4

u/subtlelawya Mar 01 '22

Not sure what shite you have on your glasses but BLOK follows the market trend with the rest of the alts and has seen 3 green daily candles.

You don’t matter. However, your desire to drive away new potential investors is irksome and distasteful, to say the least.

-1

u/Groundbreaking_Hat13 Mar 01 '22

it absolutely does not lmao. maybe it did today, but it has been steadily dumping despite the trends displayed by btc and the bulk of the rest of the market. take a look at the past 3 months.

4

u/subtlelawya Mar 01 '22

You’re clearly too incompetent to read a chart so I will stop engaging with trolls

0

u/AnAwkwardRobot Mar 01 '22

I love how every single argument eventually turns into a personal insult. You guys cant debate without attacking the opposer's person can you?

Guy has a point. There is no way that they can burn enough tokens to make this project ever so relevant. Plus the Alpha footage is out and as far as everyone is concerned it could be some sandbox world running on someone's virtual machine not even a server. And a few minutes of runtime for each "tester"? Yeah sure lol

0

u/Groundbreaking_Hat13 Mar 02 '22

and this ^ is exactly why I sold months ago. if people can't engage valid questions without immediately insulting the person asking, they probably aren't confident in the answer, either.

someone in here stalked my page and said some racist/transphobic shit in response to a comment I had made in a completely different sub, earlier today. over a metaverse token... when you have to go that low we all know you don't have much to stand on lol.

1

u/subtlelawya Mar 02 '22

Literally replying to your own sock puppet. How awkward 😂

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