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10679731 No.10679731 [Reply] [Original]

>Dev hold 50%+ of supply

>> No.10679752

>>10679731
dev holds 84% of XLM supply

>> No.10679822
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10679822

>>10679731
>>10679731
A good rule of thumb is to never invest in a coin where:
>devs hold >20% of total supply
>coins were airdropped for free
>coins were sold in a private ICO

>> No.10679843

>>10679752
they are quite professional

>> No.10679898

>>10679843
>On May 22, 2014, Mr. McCaleb announced via a posting on Ripple Labs’ message board, “I plan to start selling all of my remaining XRP beginning in two weeks. …. So just fyi…. xrp sales incoming.” The announcement by a founder that he intended to dump 9 billion units of the currency he helped create was perceived as a threat by all who cared about Ripple Labs or held XRPs. It would be hard to imagine a founder and board member of a public company announcing he was going to flood the market by selling his stock; that would be an obvious and illegal attempt at market manipulation, not to mention ridiculously juvenile.