Dear Starta backers,
Please find the report on CEL investment after buyback #4 and #5 programs below.
Invested in CEL in May 2018: 50K USD equivalent
Total amount received: 349,427.85 CEL
Cross Coin share 33% = 115,311.19 CEL
Investment share: 16.5K USD equivalent
Buyback 4: 85,153.40 CEL => 7.3368 BTC = ~124K USD
Buyback 5: 30157.79 CEL => 5.75164154 BTC = ~ 205K USD
Total returned: ~329K USD equivalent
ROI: (329-16.5)/16.5 = ~18.94X
2.5% CC fees applied.
10% from Buyback #5 were allocated to the Reserve Fund.
Reserve Fund address for the community control:
https://www.blockchain.com/btc/address/12YhTNZA5P1EQJCPGfRB5LuMTvBUKtsydbBalance as of 2021-01-24: 0.56078505 BTC
Yours faithfully,
The Cross Coin Team
We all thank you for this report.
It is strange that someone decided to sell so many tokens at such a low price, but my guess is that during such a difficult time of the Covid-19 problems, someone just needed money quickly.
Unfortunately, I do not see information in the report about how many tokens were bought back from the market, whether they were burned and how many tokens left in circulation?