Recent updates to CoinPoker have improved withdrawals massively and the number of players at higher stakes seems to have improved as well. Slowly but surely we are making progress here. At virtually any point in time, whenever we can convince them pretty much which likely will eventually happen, they can reduce the number of outstanding and total coins by 25%-75% over the course of a few months, perhaps on and off. All they need to do is allocate more than 10% of community collections to the burn like they were originally doing. I understand and can even support the growth initiatives (some of them anyway,) as monthly expenditures are all listed on the site for transparency (finally!) Still waiting on rakeback but things have been improving fairly steadily and I expect that over the next few years the price of the coin and the overall site volume/play volume will go up. They've improved quite a bit even in the past few months, but I still expect them to continue making improvements and eventually drive up the price of CHP by burning a large portion of community contributions for a small period of time. They collected nearly 25M last month, 2.2M were burned with the rest used for growth initiatives and back to the community through the leaderboard.
So as you can see, in 9-10 months total they could burn the total amount of coins to 1-10M in total from the current amount of 271.1M outstanding and a Total Supply of 285,744,172 CHP. Let's say they want to be really conservative and continue community collections in near full. Over the next 3 years they could set aside 3 months each year, spread 3-4 months apart (with a 50-100 person leaderboard paid out to whoever burns the most during each 1 month period,) where community contributions are 90%-95% burned which would drive the price up MASSIVELY for just a few months of community contributions set at 90-95% burn rate.
this month:
https://coinpoker.com/community-contributions
grinders leaderboard:
https://coinpoker.com/promotions/galactic-grinders
Last edited by WinR8; 06-12-2020 at 12:21 PM.
Reason: added this month and leaderboard