Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts
by
grim_jack
on 19/07/2018, 14:34:56 UTC
I think people are not seeing another big issue with an unlocked premine of this size, and it's simple market manipulation.

Dero reached a rather sizable ATH back in January before the market took a dump. A premine of this size would allow for massive sell opportunities, only to buy in again at the bottom. The same can be said as of now, with Dero at 30% of the price it was a month or two ago.

These "untouched" premine totals can be completely fabricated, since the dev can play with this stack on the market, force a massive dump, then buy back enough dero with a 70% discount to keep the same amount of premine, except with rather substantial gains made along the way.