Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
smooth
on 09/05/2017, 05:11:51 UTC
why the founders are sending steems to exchanges.

Because if you go back to the original thread it was stated that at least 20% of the coin supply (25% of the 80% that was 'ninja mined' the developers) was to be steadily sold on exchanges to fund development. For better or worse they are doing exactly what they said they would do.