I guess no bounty hunters have interest to use NMX token to pay trading fees or they even don't use Nominex exchange. The news gives a more transparent information for them.
Correct, bounty hunter will usually simply turn the token into money and done with it. Although there is some of them are trader, but not all of them who will trade there after what happened to them. After all, after waiting so long to get 100% of their salary, who wouldn't sell it right away.
The allocation of funds given to the bounty is only 1% of the existing supply, it seems impossible if 1% that the bounty participant gets will make the price of the NMX token decrease in the market,
If NMX didn't have liquidity even when you are calling 1% is very small and it will actually give impact to the price. As someone said about the fact that nominex didn't get a lot of funding. These days exchange listing also needs so many funds.
Why do you call it "bounty hunter dumping" ? Do they actually have enough tokens to dump the price? Above, you have said I'm confusing total and current circulating supply. What is % of all circulating tokens do bounty have right now?
What can you about token price being already dumped, before (usually few days before) distribution? This is also a frequent situation. Again bounty hunters are responsible for that?
According to whitepaper, they sold
164,022 tokens. And if i recall correctly, first price level in IEO was ($0.1) per NMX. So i actually would be very puzzled if they wouldn't sell for 20x profit, especially if they are staking their tokens and just selling those.
Also according the whitepaper nr of bounty or won tokens was
7,341,634 NMX, so there's no change that they could set up a buy wall for that with the amount of money they collected.
Circulating token amount you can see in the contract address.
Where did you get the whitepaper?
It's a bit surprising for me to see that with a very long time of ico and the team can get only small money
Can you drop me the link?