Nate
@eatsleepcrypto
Scarcity doesn’t create value, utility does
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memes4airdrop
@wake
Not alone it doesn't.
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Nate
@eatsleepcrypto
It actually does The market cap of a token with infinite supply remains unchanged if that supply becomes bounded Each of those tokens command a non-zero price, unless the token is a utility token (1 token = 1 action in the protocol)
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