sonm price is doing well, what a bad luck we are in such a bad market :/
should be 3x this price in better market
It will probably dump after the mainnet becomes live. The greater crypto market is very bearish right now and dumping near bottoms. Nervous SONM whales are aiming to sell right after the launch.
Selling right after launch is stupid idea, I think opposite will happen, Price will go up. Well, Only 6 days are left for SONM to go on mainnet.
I think sell off as sonm unlocking tokens that have been locked for 12 months.
Any unlock of tokens always results in a sell off
Obviously the team will sell their tokens when the price is still under ICO, when they have travelled the world presenting SNM at all major conference, when they have roadmap till 2020...you make alot of sense...
They collected 40+mln $ from the ICO and you are saying that now they will just dump their tokens when the price is so low to just get few more millions rather than, wait to get more exposure, see how the token price rise from demand,from locking more and more tokens from the supply due to masternodes,from nonstop buying support from the arbitrage bot.
So your opinion based on how SNM team has presented their vision and product for the last year is : they just do it so they can just dump their tokens from the moment their are unlocked...lol
Even the CTO said that they have funding from the ICO money for 2-3 years ahead and when the times comes they will think about putting some kind of a fee of the network that goes to the team.Noone in their right sense of mind will just dump their 44 mln tokens at 15c to get 6-7 millions?You really think that they aim for that ...
its actually astonishing how stupid people can be. The team isn't in it for the quick money, they want to build a legacy, the first global supercomputer built on a separate blockchain. Not only will they probably not sell any of the 44 mil before 2023, but they'll gather massive funding along the way. This project could turn into a 10 billion dollar market and all people think about is quick bucks