Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PoW] [PoS] VEIL - Privacy without compromise
by
Wayan_Pedjeng
on 13/05/2019, 15:54:11 UTC
I agree. Bounty distribution is ongoing and that certainly must have put some downward pressure on the price of Veil lately. I would expect that to reverse itself once the distribution is finished. Now would be a good time to buy though.

You are over-estimating the impact from the bounty campaign. The bounty pool is around 75,000 coins per month. And the daily volumes are around  150,000 to 250,000 coins (which comes to 6 million coins per month). That means that even of all the bounty hunters are dumping their coins, it will represent just 1.2% of the total traded volume.