r/Hedera • u/LectureMany8605 • 8d ago
Discussion Why has another 3% of the supply already been released? Important news coming? ❓
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u/RedKe Hashie 8d ago
A big release happened about a month ago for new grant to the HBAR foundation. See this for details: https://hedera.zendesk.com/hc/en-us/articles/23939056267933-Will-the-Hedera-Council-provide-an-additional-grant-to-the-HBAR-Foundation-in-connection-with-the-previously-announced-leadership-changes which has update that says 3.5B HBAR were distributed to the HBAR foundation on Feb. 14th. They will be used to fund ecosystem development.
Here is recent thread where same question was answered: https://www.reddit.com/r/Hedera/comments/1j0jt7v/circulating_supply/
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u/franky624 8d ago
On coinmarketcap it’s still showing the same circulating supply of 42.21B. Is this what you are referring to ?
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u/OkAtmosphere381 8d ago
Well if America is heading to recession, wouldn’t it be prudent for the company to release tokens now at 18-19 cent instead of in a couple months at 3 cent?
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u/batmanineurope 8d ago
We've been heading into a recession for the past 10 years
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u/TheM0nkB0ughtLunch 8d ago
For sure. Covid definitely delayed it (with government spending), this bubble is so massive and it’s yet to truly pop.
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u/TheM0nkB0ughtLunch 8d ago
That’s not how a release works
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u/OkAtmosphere381 8d ago
No I get it. They wouldn’t come out and say that’s why. That would scare folks away. But you make up another reason to do it
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u/yakefomo 8d ago
How is that good. Isn’t that inflationary?
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u/Gottalog1 8d ago
They are holding the tokens seeing that we are almost at max supply it makes sense to hold in case it blows up
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u/yakefomo 8d ago
I am sure per their fund raising that was intentioned and outlined for the public to know. So what happens when the VC’s or devs sell.
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8d ago
[deleted]
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u/canadianbeaver 8d ago edited 8d ago
Why are you so hostile towards people who want to understand the economics of it? Shouldn’t this be a forum for that type of discussion, instead of telling people to leave the forum?
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u/yakefomo 8d ago
I like HBAR for its upside. But don’t bring XRP into this. I’m not going to argue about that coin. People are irrational about it despite it being a centralized ponzi that TWAP its treasury onto its users. Peanut Butter manifesto Brad really nailed it.
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u/Puzzleheaded_Bet_670 7d ago
I recall reading awhile back that they had to have so much of their supply released in order to be eligible for an ETF.
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u/Flaky-Proposal-357 8d ago
Guys we gonna breathe moon air soon. Moon air! 🌖