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LUV grows

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@luvshares
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LUV was started as something to be shared, hence the name @luvshares.

However, since starting the LUV token, an interesting sideshow has arisen in the LUV market.

On day 1, there was nothing to see on the LUV market, as below:

It didn't take long for the first transaction to occur.

Since then, the market order book grew (viewable on Hive-Engine or TribalDex). Candlesticks began to appear...ridiculously green and up, and crazy red and down. Also, the "Depth" view showed the beginnings of the common green/red "V" shape starting to form.

And speaking of that crazy huge green candlestick, LUV "mooned" for a fleeting moment. My wallet showed $4498 in "paper" value. Hah!

Of course, this was not real value. It was only the real craziness of a very young market, complete with wild fluctuations and low volume which leads to even wilder fluctuations. To wit: the $4498 "value" was after a 49.44% drop! Hah!

I suppose the word of caution should be entered here: None of this is financial advice. Any market like this can be very, very risky. Please only invest what you're willing to lose. And, again, the goal of @luvshares is to spread love/LUV, not investment.

As a note, at the time of this writing, the depth chart of LUV appears flat...it doesn't appear to have the classic "V" shape. That's because someone placed a crazy-huge buy order for 10 million LUV for a crazy-low price. The V is there, but the scale of the graph doesn't show it. Perhaps there's a way to zoom in(?).

Emissions (issuance and airdrops)

Plus, it's worth mentioning...I don't consider the 3000 LUV in my wallet to really to mine. It will be given. There were 10,000 LUV minted already. I've given away 7000 (including 1000 to the @luvshares account).

Realize, the emission of LUV will slow.

After these 10,000 are "out in the wild", the intent is to sit-and-wait. More on an "emission schedule", at least in a general, philosophical form, will come.

For now, enjoy your LUV and share your LUV with others.

LUV should be shared. Share the LUV.

Posted Using LeoFinance Beta