I do not understand your question. All token projects have a monthly burn rate, which means they have to convert ETH to fiat to pay bills, salaries, Lamborghinis etc etc...
"which means they have to convert ETH to fiat to pay bills"
No, not all projects have to convert ETH to fiat in order to pay bills. I gave you specific examples of projects that don't.
You've made the assumption that all projects sole source of funds is a pile of ETH they dump. Why? Take the example of TaaS they intend to BUY ETH in order to payout share holders with profits earned from their fund.
Well you made a sweeping generalization in regards to all projects. I'm wondering what you are basing this off? How did you arrive at your conclusion that a majority of projects are dumping ETH to keep the lights on? Seems more like a minority.
because I tend to read contract code before investing. I invested in almost 70% of these tokens and I know what they all do to keep the lights on. What do you think these projects do with the ETH they collect?
They don't just collect ETH though they tend to raise BTC. Only the ones that fail would eventually burn through everything they raised which isn't necessarily ETH. You aren't accounting for successes that will need to buy more ETH.
Investing is risky and there will be failures but there will be successes too and those major successes should more than cover the cost of the failures.
Kik messenger has announced they are going to create a currency on the ETH blockchain called Kin. They aren't going to have to burn through ETH holdings to keep the lights on either.
I do not understand your question. All token projects have a monthly burn rate, which means they have to convert ETH to fiat to pay bills, salaries, Lamborghinis etc etc...
"which means they have to convert ETH to fiat to pay bills"
No, not all projects have to convert ETH to fiat in order to pay bills. I gave you specific examples of projects that don't.
You've made the assumption that all projects sole source of funds is a pile of ETH they dump. Why? Take the example of TaaS they intend to BUY ETH in order to payout share holders with profits earned from their fund.
Which would make TaaS a security. I am not talking about one token, I am talking about the majority of tokens.
Well you made a sweeping generalization in regards to all projects. I'm wondering what you are basing this off? How did you arrive at your conclusion that a majority of projects are dumping ETH to keep the lights on? Seems more like a minority.
because I tend to read contract code before investing. I invested in almost 70% of these tokens and I know what they all do to keep the lights on. What do you think these projects do with the ETH they collect?
They don't just collect ETH though they tend to raise BTC. Only the ones that fail would eventually burn through everything they raised which isn't necessarily ETH. You aren't accounting for successes that will need to buy more ETH.
Investing is risky and there will be failures but there will be successes too and those major successes should more than cover the cost of the failures.
Kik messenger has announced they are going to create a currency on the ETH blockchain called Kin. They aren't going to have to burn through ETH holdings to keep the lights on either.