Tao Te Ching takes its name from the ancient book of Chinese wisdom, but is this microcap memecoin with its ultra low circulating supply the way, or no way at all?
To find out more, Be[In]Crypto lifts the lid on this unusual and mysterious token on BNB Smart Chain.
Is this token the way?
TTC is a microcap memecoin of just 5,162 tokens. It has a total market cap of $3.4 million, meaning each token is valued at a handsome $661 or thereabouts.
The ultra limited supply is said to be inspired by the Tao Te Ching itself, which in some variation of its many Chinese written forms is said to have 5,162 words. This low supply is what gives each token such a high price value – token price = market cap/circulating supply.
For this reason, the best single measure of how much value is in any given network is the market cap rather than the token price. Expensive tokens do not always indicate that the token is highly desirable, and cheap tokens do not necessarily represent good value.
Buyers and sellers are known to all
One of the ways TTC seeks to set itself apart is through its transparency. According to this token’s description on CoinMarketCap, the buyers and sellers of the token will be made available to all users on the network.
“The goal is to bring value to the community through a specific and transparent strategy. In Tao Te Ching, the information of community members is highly transparent. The source, flow, value, and time of each fund will be recorded and stored in the computer system of all users simultaneously,” says the project.
In this spirit, the community Telegram page alerts users in the channel when community members make token transfers of TTC. While this is not a part
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