Quote from: rajravind on December 22, 2017, 06:07:39 AM

Quote from: bitscorn on December 22, 2017, 04:45:20 AM

Quote from: rajravind on December 22, 2017, 12:51:06 AM

Another 300k tokens were transferred out few moments ago
https://etherscan.io/tx/0xce39bf835a0c1a8c71f86d896575d894073102fb7ef761c0d429127ee708f71c

I'm new to crypto, can some please explain to me why this should be a concern ?

Well, more tokens out frm the dev account means the circulation of the tokens will increase and this will decrease the tokens' price given if the market cap is still the same.
Actually, They got a valid reason of doing it
- To offer it in the new exchanges as not many existing users of Bittrex and Binance would willing to create an account with other small exchanges and transfer the tokens there for trading
But they seems to be going off the track by transferring it to Bittrex and Binance recently .
They shouldn't ever do so as they promised it was meant for new exchanges' liquidation purpose.
If you noticed, they will cleverly draw out everytime they make announcement abt the new exchanges.
For last 2 time, they d earned a fortune but nt this time .
People r being more aware now given the price of token nvr went up so much.
And for every token that they transfer , they should actually come up with a reason why they do so as every single token sales will reduce our personal token value.
Up to now, every token price has reduced value to abt 25% after almost 2M tokens frm the dev was added to the market .
Considering my holdings in MCO, thats equivalent of a Trackhawk 2018 ( World most powerful SUV ) .
Now, u know why I am pissed off ?

I am nt advising anybody to dump their coins
Just dont purchase above 0.001 ~ 0.0011
Thats when they will sell off theirs slowly.
I did notice huge sell order abt 25k tokens comes up once a while and dissappear at abt 0.00108 .

Thanks for the clarification that makes sense, but I assume they need resources to get listed on other exchanges and that's why they might be cashing out some of the tokens. Not sure how transparent are the other tokens' team in this process.