Fork $karate. No more unlocks for Bobby Jeeter.
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The tokenimics and team and insiders dumping huge supply does not allow the “market” to price $karate accordingly. The buy pressure is there. Just the dumping from the abnormally huge supply unlocks is far too much. The supply unlocks being dumped onto the relatively thin liquidity causes price collapse.
If tokenomics was appropriate with larger liquidity to LPs and allowed for fair distribution of tokens without insiders dumping then i am sure $karate would be worth over $1b mcap by now.
Until this is fixed, the $karate price will never be able to pump, and price will continue to find fresh lows. With the value of $karate collapsing, the viability of uponlygaming model is at risk as players begin to lose interest and incentive to play given their rewards continue to diminish.
Huge trust has been lost, investors burnt severely, and the future of uponlygaming in peril. Whilst its not impossible to rectify the issue, the team really needs to make some bold decisions and actions to regain the trust of investors and being the value back into the $karate token to keep the prospect of uponlygaming alive.”””