Post
Topic
Re: [ANN] ETHERPARTY (FUEL) 🎉 SMART CONTRACTS MADE SIMPLE 🎉 ICO + BETA LIVE NOW!
by
paragon999
on 30/10/2017, 19:06:23 UTC
The ICO website states 800,000,000 FUEL has been distributed. If the Total Supply is 1 billion - why does this address, 0xf5b5f6c1e233671b220c2a19af10fd18785d0744, contain almost 40% of the supply?

They changed the amount of "distributed tokens" a few minutes ago from 452,138,405 million to 800 million. You can possibly argue, that the unsold ~348 million FUEL are now "distributed" to the platform, but in my personal opinion, that is a little far-fetched and not transparent and honest. 50 million FUEL were intended for the platform right from the start, so that explains exactly the amount of 397,861,595 FUEL in the address you mentioned.

Guys if you know etherdelta you will know that there are always idiots who put up stupid buy orders (which obviously no one would fulfill)
FUEL was listed about a month ago itself and too many idiots put up stupid buy orders, like they do on most tokens.
That is why the price is showing up as it is,it will correct up when proper listings take place

Nobody cares about the "stupid orders", only about the the trades, that actually took place on etherdelta. In the last 24 hours there were trades with a volume of about 150.000$. The actual price is about 3.3 cent.