Promising Project Bad Timing
Updated
To start this chart looks great, looks...
There are currently 46.6M coins in the circulating supply.
Starting tomorrow ~2 hours from now the remaining ~442M coins will be unlocked and distributed to SAFT Investors, Validators and Founders.
(The Solana team likes to say they are transparent, but information given here: solana.com/transparency-report-2020-12.pdf is severly lacking)
A large portion of these coins will locked from trading for the upwards of two year, needless to say the coin supply will still be diluted starting tomorrow.
I personally will be entering a large position, after the market crashes, laddering into my position.
(I'm already in a small position presuming I've interpreted their transparency report incorrectly)
Good Luck and Safe Trading.
There are currently 46.6M coins in the circulating supply.
Starting tomorrow ~2 hours from now the remaining ~442M coins will be unlocked and distributed to SAFT Investors, Validators and Founders.
(The Solana team likes to say they are transparent, but information given here: solana.com/transparency-report-2020-12.pdf is severly lacking)
A large portion of these coins will locked from trading for the upwards of two year, needless to say the coin supply will still be diluted starting tomorrow.
I personally will be entering a large position, after the market crashes, laddering into my position.
(I'm already in a small position presuming I've interpreted their transparency report incorrectly)
Good Luck and Safe Trading.
Note
looks like only ~215M coins were added to the current supply, price hasn't been noticeably impacted at the moment.
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