So people still laugh when I say Token Necromancy, @jim-crypto said it was black magic - although "revive" is a white magic to me, or at least red magic - which is where I live with "redhat" in my head as the most successful open source software development company in the universe.
That is, until https://thecrazygm.com over takes them....
So there are 834,820 ARCHON tokens in circulation.
Of those 558,295 are staked.
Which means the "float" is 276,525 tokens.
Let's check the pool progress:
There are 40,879 ARCHON tokens in the liquidity pools. This is still seeming kind of small, but this represents 14.78% of the float. Its not bad, and its getting better.
But we need some accounts to wake up. This cannot develop any further without more participation, especially "sleeping accounts" that will likely wake up during the very next HIVE price pump. We will be ready for the wallet shakeouts.
Look at that pretty chart!
Now, price going up and to the right looks good, but its not magic, its just Tokenmancy, a new and beautiful red magic that, as long as there is a community, looks a lot like white magic "Phoenix Down".
Is this sustainable?
Well, I would love to get some wallet's on the list helping us decide this - be aware that the next time HIVE pumps, likely some people will come back and make some decisions.
Remember that staked ARCHON is participating in a "POB" distribution, and I hope to get more information on that for you in an upcoming post. How many people are using their "ARCHON VP" - and what is the resultant curation APR under the current conditions. Stay tuned for that.
What more can we do?
Any lesser token would be dead.
The Necromancy is over. <- links
The future depends on you, dear Arcontes.
