Quote from: dunedainbob on December 05, 2017, 09:36:40 PM

Quote from: CryptoWhaler on December 05, 2017, 08:50:32 PM

Quote from: dunedainbob on December 05, 2017, 06:23:24 PM

Quote from: contraband on December 05, 2017, 04:29:53 PM

Quote from: dunedainbob on December 05, 2017, 04:12:29 PM

Seriously, does anyone know how many ETN actually got sold in the ICO? Was it all 6 billion?

More around 5 Billion

I am not an ETN investor or ICO buyer, so I have no stake, you are all free to disagree with the following:

It seems like one way to avoid a crash on release of ICO funds is to tier the ICO fund release. For example, release half up front, and half in another month. Some ICO investors may not like that - I would totally understand if they dont want to wait more - but it might be better for all of them because it reduces the risk of price crash.

Thinking about it more, the current supply is also ~5 billion, so there's no obvious reason why releasing the 5 billion additional ICO coins should do anything worse than (temporarily) cut the price in half. Everyone knows those ICO coins exist, so releasing them shouldn't change ETN's market cap. Thus, the price should at worst go to half of what it is at the ICO wallet release (before any further movements), which isn't all that bad. This is just a theory, of course. There are other theories to cut both ways. Some might say that the current price should already account for the sell pressure from ICO coins - therefore the price should fall by less than half. Others might say that ICO investors are more willing to sell than miners because they already have a big return, in which case the price might more than halve. I think overall half is a good expectation, but this is just a layperson's analysis. Do not invest/mine more in ETN or any currency than you can afford to lose.

Just let the market runs its course without external interference.
Only demand and supply should determine how ETN will fair after wallets are active.
If it crashes, it crashes; if it holds, it holds.

Quote from: TOPBILL on December 05, 2017, 09:27:46 PM

That would probably be considered to be market manipulation.

I don't disagree with either of these responses. But for whatever reason, the devs did not release the 5 billion ICO coins at network launch.

I'm all for a free market, but the market has been and continues to be manipulated so long as 5 billion coins are technically part of the coin's supply but artificially held out of circulation. I don't have a good solution to that.

Edit: I do expect devs to announce that anyone on their team who has advance knowledge of the ICO coin release must agree not to trade in ETN 24 hours before and 24 hours after the release. To not make such a promise would be blatantly unfair. Of course, I don't know how it could possibly be enforced.

Or just announce in advance when the ICO wallets will be active so that no one has a head-start.
I see a lot of alarm clocks being set and lots of people calling in sick at their work place Grin