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/biz/ - Business & Finance


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File: 495 KB, 616x801, 2017-12-31 11_05_19-タヌ神@クリプトチャカシスト on Twitter_ _@cryptogagarin ADA coin sales of pyramid scheme. Sol.png [View same] [iqdb] [saucenao] [google]
5677637 No.5677637 [Reply] [Original]

>Cardano sold 95% of ADA to Japanese investors during their 2015 ICO.
>The coin took two years to get listed on Bittrex.
>Bittrex and Binance own less than 5% of the total supply.
>So Cardano's huge marketcap is an artifact of its low circulating supply
>Some allege that Cardano sold Ada to pensioners as part of an get rich quick scheme.

>Who are those Japanese investors?
>Why aren't they selling?
>Do investors even know that Ada is now tradable in two exchanges?

>> No.5677760
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5677760