i dont understand how $up will dilute $karate when much of it is going to $karate holders and the market clearly isn’t valuing the technology right now, let alone the league.
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The karate fans have their liquidity in karate. Then. Calaxy and karate. Then. Bonzo and karate. Then up and karate. There is not an airdrop of 30% of up. It will be a very long, drawn out staking scheme allowing full unlocks for Robert Bryan and dirty boxing. My x% of karate ownership goes down drastically with every unlock. If founders were not dumping on everyone to throw their parties outside karate or whatever reason they have, it might be different. But in this case. Yes. It will almost certainly dilute.
If $Up will be using KC IP then airdrop 30% of Up tomorrow to the KC hodlers today… Bobby should be removed from future founder distributions. And any others who quit should also be removed. Put it all in treasury and extend treasury unlocks for 20 years. Fork if needed. Remove the bad apples.
And where are the incoming revenues? Let’s get a fully open accounting system. I will build it for free.
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i don’t agree with much of what you’re saying, and i have no idea why you keep bringing up dirty boxing.
but we’ll def have a governance vote on the $UP allocation and staking rate.
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Big accounts should play. But I say they should no split tokens to many address and play with many accounts.
Here this is 600 million unlock and end up in two address that win 1st and 2nd at last event and 2nd 3rd for season ranking,
0xF1648d19b1d855eebEBb5C3eb663CFbF0D5d3bB8
And the many CEO address six of them win on kc48 then sell
And on hedera big unlock 0.0.5798152 have 3 accounts play kc48
And 0.0.5798193 look 2 accounts and 1 is 5th at last event
And 0.0.7290898 have 1 billion tokens from five accounts that send same time after many playing and one is GeeSP 12th for season.
Not right for rankings if biggest accounts spread many accounts.
Maybe more tokens go out to biggest holders than if only use one account from formula
Also what do with all old prize pools. More over 1 billion tokens in all old prize pools until when?
i personally don’t see a problem with splitting up accounts, but i understand where the view may come from. more importantly i see no way to police it.
the excess tokens in UOG pools will be reclaimed to the treasury up to the amount won. it’s just an artifact of having Up Only Gaming across two networks.
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What about the accounting? Clear DISCLOSURES of revenues and expenses far superior to even what the SEC asks.
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you do have a potentially good point there.
was speaking towards the rest of it. ie firing, forking, etc.
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… Bobby no longer has incentive for success???… buyers are scared he will continue dumping for years to come. If he crushes the price some more he can bring the project to failure and buy his coins back. Bobby. Bobby. Damn it Bobby. Of all the projects to shit on… You shit on KC.
lol - it was like one day of volume sold over 5 months.
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Lots, like shitloads, of wash trading in there. And kucoin bots. Let’s fire him. He can buy back, I’m sure. 800 million times .0007 is 1/2 a million. Probably double that at least. He has obviously made extensive efforts to hide transactions.
And in the future, anyone in leadership positions gets a leash. More leash than congress. Damn it Bobby.
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.
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No one else on the team sold their tokens as far as I know, I surely haven’t.
In fact I just bought significantly more.
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It appears he sold directly from addresses that were labeled with his name, I can’t think of anything more conspicuous.
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Original post only show one payment to leo not many other accounts like you say. But you mean you keep doing like this 49 transfers of 10 million tokens each at end of year from 0.0.5802099 ? This is another 3 billion account if full unlock. It is you for end of year KC team bonus? Half sell right away at almost all time low price. Why never DAO votes? Treasury will reimburse you instead of pay direct why when they have tokens? And @usualape if you are on team and buying like you say then show transaction because only ever see selling from kc team. And robert name not in the accounts like you say. Selling always hidden and keep price so low and upsetting
@Robert two months ago you wrote “I reiterate I do not plan to sell additional tokens” and that is false, yesterday and days before tokens were again sold from two of the accounts in kick priposal post that connected to you ending 8E412 and 2BCF6
@onlylarping when you promote all time low 25 million fdv and same day your cofounder sells tokens it is strange. Lets please vote so token are valued more by inside holders like ceo?
fdv is now 15 million , what is the plan?
10 million now…
20 characters….