> it's better that they dumped it
I looked earlier and saw the cryptopia BTC market had so far:
* 0.960897 million CHESS coins for selling
* which would be about 1.3% of all possible coins (max supply)
let's see what will happen
Price will drop massively. The owner of those addresses will surely sell it out.
This is really the problem of this coin...it was only hold by few individuals who I think don't even know how to play chess. The very essence of chesscoin was totally destroyed by this investors. Good thing if they created a website for chess players. A website that is good enough to compete with the existing chess playing website nowadays.
I have marked you as the one creating FUDS here why are you now concerned with the price, it's better that they dumped it so the distribution of this coin will be wide I put a much lower buy order I hope whales will dump their share.
I've read the first earlier post of Isolani it was intended to be a cryptocurrency for chess with a motive to make a profit because of the staking rewards, he should have created an ethereum smart contract instead with limited supply..
If there is a take over team then why not do it in ethereum, this is an investor based coin, go read the early phase roadmap if you have the time.