MultiversX Tracker is Live!

explain it to me like I'm 10.

Etherum Reddit

More / Etherum Reddit 86 Views

In regards to the eth classic and eth fork. I am questioning how it's feasible to fork a token and keep its same value, given market cap.

What I understand is when eth forked. It created a new token an air dropped them into wallets and claim both tokens hold the originals value.

Consider the following. You and I have 1 eth each. And total market cap is 2 dollars. Our wallets are in balance with the market cap. If you cash out my dollar is still in the market cap and u can cash out and receive my dollar back.

Now the fork happened, you and I have 1 eth and 1 new eth. That's 4 coins from the same market cap of 2 dollars.

In this process I take both my coins and cash out. That leaves zero dollars in the market cap for you to remove.

submitted by /u/ApprehensiveSkirt160
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments