(0.65% 0f 840x10^6 is 5,460,000 coins)
If this premine was somehow able to be placed on Yobit before the fork and slowly sold off at roughly 5 bucks per LCC. (Lets just say 25 million bucks)
Actually - it wasn't slowly.
The volume placed LCC in the top ten of cryptos on it's second day (with volume roughly 135 million), and the volume now is something around $500,000 and.
That's quite a haul.
This is almost like an "invasion of the body snatchers" scam. "They look like people, sound like people....." The dev team did everything by the book. I am (grudgingly) sort of happy that most exchanges passed on this.
If there are any bits of evidence to this it would be with YoBit. Were there discussions beforehand about delaying the wallet code to prevent outsiders (you and me) from selling?
I personally think that the withholding of the wallet code for withdrawals and deposits was evil genius "Ocean's 13" sort of brilliant. Hopefully this will be a dying trend due to compliance and weary jaded investors.
yep seems to be the way this went....so at best the devs...got out with their haul..and can now watch from the sidelines and see if LCC has legs...if it don't their ass is covered
win/win indeed
So there are people who ACTUALLY bought $25 million worth of LCC listed on Yobit between $5- $9 per LCC? I find it hard to believe... But the volume numbers are compelling. Just hope whoever bought get their money back in the future (assuming LCC flourishes).