Some interesting stats from Ape Mining Club

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A couple weeks ago I told you why I think investing in ape mining club at this point is a good idea.

Now here are some very imo interesting stats from the last 3 days:

2 Days ago
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Yesterday
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Today
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Notice how the circulating supply keeps going down and down. This is because the 70% that gets burned from the people buying equipment for the game is higher than the small inflation of the game.

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I am not a genius but I think if this dynamic continues then some interesting things will happen price wise!

As always, nfa. I know I'll keep buying a few apes everyday and hope for some easy profits!

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Posted Using LeoFinance Beta

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28 comments
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It's so interesting, I think there's a lot of potential in this ape. I have bought some tokens a while ago. But now after seeing your comment I definitely buy some more......Token decrease should increase value !

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Well the total supply didn't change so I guess the tokens were already minted beforehand. So I am not sure if the math itself checks out as it accounted for X amount of days beforehand.

Posted Using LeoFinance Beta

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Tokens are sent to @apeminingclub when equipment is purchased. During this time, these tokens are split between pool owner, dev team, token holders, and null in a database. At the end of the day these tokens are distributed.

When @apeminingclub has surplus tokens on hand, these are used to distribute (and burn). When this supply gets low, it switches to issuing tokens.

The initial supply of 50,000 tokens didn't fully sell (about half did), these have been returned to @apeminingclub's wallet providing a surplus of pre-minted inflation. Once this supply wears down to below say 5,000 - 10,000 tokens, it will resume using the issue operation instead of transfer.

Currently @apemimingclub supply is factored into the website's circulation burned %, so the percentage of circulation burned is higher than listed. I never got around to removing it but technically it is still in circulation but in reality it is part of the inflation.

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so all in and lambo? Do i understand right?

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I'd never buy a lambo and I have the money for one.

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I know how it feels

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Good observation. And I think the team behind determines how fast the growth would be.

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This is interesting! I have been lazy in terms of buying new equipment's lately... much is reflected in the price going from 2-to 0.5 Hive a token. But now since I have already break even on my investment I will almost go full ape again! 😎 This might be a driver for many - when you break even you go buy more equipment until you are break even again😄

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It is not only about total supply, it is about a use case and actual demand vs. supply.
Looking at the pricechart I see only one direction. Fortunately I didn´t ape in at 2$.

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(Edited)

Yes, games have generally more demand that's why I think it's on a good track.. as for usecases...this is crypto, come on :)

I aped at 2 hive but pulled out fast enough to get a small profit. Now I think it's a good time to get in again

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Does the token something between being deflationary?

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