I am curious about this. I think we can assume the dev team owns MUCH more than 60,000 SDC. Is there a reason why they have not converted more to Shadow themselves? Perhaps they feel like staking SDC to protect the network is more important than converting right now?
Can someone shed some more light on this? Thanks!
I'm not part of the development team, but I know the reason why I haven't converted more Shadow for myself: lack of commerce opportunities. I assume this is the case for many holders. It's great seeing the amount of Shadow available grow but I'm assuming until the marketplace is ready, places like shapeshift.io accept it and shop owners accept it the amount will stay low compared with SDC.
The majority of transactions are either OTC trades or transfers between exchanges and traders atm (my guess).