Quote from: AntiNoise on July 06, 2025, 11:47:10 AM

There is this interesting sentence from @Hatchet (discord):

"
All entities we are working are being built to diverse business lines outside of NEM and SYMBOL to ensure they have a life beyond either protocol and bring value to the broader cryptocurrency space.

Diversification is business 101, after all
"

It is right to have a broad base.
First of all, they should have a value for NEM/SYMBOL.
But this also shows that this person doesn't give a damn about NEM/SYMBOL.
-----------------------
"
There are no public addresses. Funds for NEM Group and all prior entities are held in exchanges. The owner of these funds is either NEM Foundation, NEM Trust or NEM Ventures or NEM Group. The answer is
"it depends"
Funds may have originated from XEM, but may have appreciated or depreciated since they were originally converted.

No, the shareholders will not share rates nor transaction records publicly. Holders of XEM or XYM are not shareholders of any of the aforementioned company, and that information has no benefit (nor has it any negative in not sharing).
We have no interest in creating the appearance that if someone holds the token, thy are shareholders.

NEM and SYMBOL are one of the many initiatives that NEM Group worked on.
As I have mentioned before multiple times, there funds are not legally considered "protocol funds". They never have been.

"protocol funds" specifically means tokens that have been reserved for protocol operations, or funding of community initiatives to help the project grow, subject to discretion of th managing teams(us).

So far, only NEMTUS and Opening Line have been funded(and provided viable products that would benefit the ecosystem - such as their educational technical books, or EXYM).

W(as the core team)have personally funded some initiatives(such as Arcana, or Quest).

Protocol funds sit in the respective NCHEST accounts on XEM or XYM.
All entities we are working are being built to diverse business lines outside of NEM and SYMBOL to ensure they have a life beyond either protocol and bring value to the broader cryptocurrency space. ...
Source: "https://note.com/the_symbol_news/n/n711c2d922836"
"
-----------------------

I still wonder today how this person was able to gain so much power over NEM/SYMBOL.
In the past, this might have been called a hostile takeover.
Why is the core team personally funding initiatives like Arcana or Quest that are supposed to benefit the community and the XEM/XYM ecosystem?
There was more than enough wealth (2021) to finance this from public funds and make it available to the community (when the value of XEM/XYM had not yet crashed).

Control, influence, etc., of a small group ?
Develop your own private projects, taking advantage of the then large XEM/XYM community ?
Did the core team knowingly and deliberately cause prices to plummet ?

It seems like everyone else is just a puppet and the community is a bunch of sheep(especially in japan).
Who are the current members of the Nem Foundation, NEM group etc.?
Shouldn't these companies actually be dissolved(NEM Foundation, NEM Group, etc.) ?
Wasn't this the big announcement from @Hatchet back then ?

And the most important question ... Who are the shareholders?

thx

Another question to be placed here: ___________________________________
when I have read the above text more carefully ....