Most Genkin and Milcendo were send to 
Genkin made it to the second spot on the burning list. And Milcendo made the top 10. It means that no more GNK or MCD can get issued. This was the final burn. For those who have GNK and/or MCD in their wallet at Steem-Engine dot com this means they now could start trading. It is still possible that the Ducat also is going to be issued, in the near future. That would be known somewhere around april the 15th 2020. It depends on the unfolding of current events. For many there is a lot at stake, so in one way or the other Steem will move on. And so will all things build on top, or connected. It will take a while before things become more clear. There is a lot going on right now, but Steem-Engine dot com works as it should.
Did Genking become more scarse? Absolutely, almost 90% of the total amount of GNK got burned. Meaning that about 10 billion are liquid. And for Milcendo? A bit less got burned, yet still about 87% wend to the NULL address, burning it in the process. Only about 5 million MCD left to be traded. At 5 digits it is way more rare than Bitcoin {BTC}. The potential 7.8 billion Ducat have not been issued and will stay at zero, for the time being. And that is it, the total GNK and MCD emission has been taking care of, with a final issue 'n burn. What happens next is up to the market. And there was a question about that, well I had some about it. Like the enormous value of GNK, for instance. It should be on top of CoinGecko, right...?
One of the most bad actions that could be taken is to dump all owned Tokens at once on the market. It is a thing to think about. Because what happens when one tries to sell off all the Tokens one has. Take for example 100 million Genkin, it looks stunning to have those in ones wallet. There has been an initial sale, of a small amount, that created the first market price for GNK. Now that determines how much Genkin is worth, or I'd rather would state: was worth. Through continues trade a market balance should be found. Where the price to buy is a bit higher than the one to sell. But it has to move dynamicly. Traders will not just buy millions or billions at once. Or there must be some suggestion that a Token is going to be the next big thing. But with a lot of Crypto-Currencies and Tokens out there chances are near nil for that to happen.
The worst thing to do actually is to put every Token on a market that still has to gain traction. No sign of interest of buyers yet, but a flood of Tokens for sale. One large amount after another being put on the market, lowering the price in the proces. It is a dumping proces and that is shit for anything. Often this is caused by the sight of the effect of the first Tokens sold. A price was settled and made ones wallet look stunning. But hang on, there has to be some trading going on to be able to sell. There is no guarantee what so ever that one can sell any Token for the current price. When everybody starts to dump their Tokens on the market, they have to lower their offer price, creating large 'walls' of no-trade possible concrete. Until, maybe the price drops low enough for traders to become interesting. Building large offer walls surely will stall trade.
Dumping is happening a lot in the business realm of Crypto-Currencies and Tokens. There were new Crypto-Currencies created that had large premines, just for the creators to be able to dump them as soon as an exchange added the Coin. This is bad for price developement, as it will create an avalange of sell offers. One after the other going below the previous price. It is hard to convince people to avoid building offer walls. Instead get the market to move, by offering small amounts at a time. And see what price the market 'agrees' upon. There has to be a 24 hour trade, at some point, and that will not start where there are huge piles of Tokens for sale. Those are walls that need to be broken down. Settle for less? That might be a solution.
Selling billions at once? Or little by little over a longer period of time? What do you think works best, considering there it is a new market. Convincing traders to avoid building offer walls of concrete is something that is improbable. As some will put all they have out there and do not really look back, until it gets sold of course. That can be a strategy, taking a risk to hold on too long for a price too high. Too much stock held that way will lose its value over time. And could lead to a virtual loss, even if the Tokens were handed out for free. How's that then? Well, one could have gotten some trade profit, when one had put just a small amount on offer. And avoided building a large wall that no one wants to try and get over. Bulk buying always lowers the price, building offer walls of concrete destroys the value.
So, whenever a trader dumps a pile of concrete, just undersell it with small amounts. At a fraction lower that the enormous offer. It is possible that those offer walls will be taken down. To end up with a lower price, but still the huge pile of dump. But maybe at some point the traders who lock-up the market will understand and adapt. Well, as least that is my personal take on things related to Tokens like Genkin {GNK} and Milcendo {MCD}. (When you take a look at the markets you can see what those 'walls' of red look like.) There is no guarantee what so ever and remember to only invest what you are willing a able to risk of losing.
Burning most of Genkin and Milcendo.
Screenshot taken at Steem-Engine dot com.
