I was wondering, does Musicoin Org regularly or sometimes purchase $MUSIC on the exchange in order to keep a stash of MUSIC (in addition to the regular amount received from mining process), or to help stop the price from going too low (to keep the miners active)? Other than a few people who might buy some for tipping artists, I assume the only buyers on the exchange are investors who recognize MUSIC as a buy opportunity, and perhaps Music Org. to help support the price from crashing too low. Just wondering if it’s being artificially supported right now. I don’t think it would be necessarily a bad thing, with the deep crypto depression we are in now, but just wondering.
Hello @dave-postington, and nice to Musicoin you!
I haven’t heard of such purchases from the Musicoin Foundation - the general opinion being to bet on the coming platform improvements (the mobile app, UI betterment,…) and on the Ice Age to promote the $MUSIC price. But I’ll ask, and bring you a firm answer :-).
@dave-postington , thanks for rectifying! In some countries the dot separates thousands from units (at least in various European countries “440.000” reads “four hundred and fourty thousand”), while in others it marks the beginning of decimals.
This confirms I’ve not used my wallet yet, haha.