If a person or group of persons (through a multisig maybe?) holded a large percentage of the supply of a crypto project (around 8% for example), and if that could deter future investors from looking into it, would it be wise for this person or group of persons to split their supply into smaller amounts?
5 direct replies
by u/12D3KooWHB1VFDxe9wjwZTPgrhTVrP4ezXPGK8k91xZwwbBR4ScD | 13mo ago
you had two years
by u/12D3KooWDuBHMTe8YysJAMoVL4BPwuTWEj7URhk78xZGRSQ8vVpH | 13mo ago
>which is why it's so slow to grow, but it keeps on growing, steadily.
it rugged from 15m to 3m market cap
by Tom (u/plebeius.eth) | 13mo ago
>would it be wise for this person or group of persons to split their supply into smaller amounts
Not really. There's no good reason to use multiple wallets unless you are planning to rug. Using multiple wallets is not a good look. You can see this multisig belongs to someone who's been buying plebbit since basically day one, which is a good look (it means they're holding for a long time).
by Tom (u/plebeius.eth) | 13mo ago
>if that could deter future investors from looking into it
if you think about it, the only kind of "investors" that will be deterred by it is memecoin/shitcoin people looking for a quick buck --the kind of people buying pepe just to get a quick 2x. Literally no other "investor" group cares about someone holding 6% or even 20%. For example look at dogecoin's distribution. Or any company stock distribution. Distribution is only a matter of concern for small memecoins, because they could be pump and dump schemes. Plebbit is already not being perceived as one, which is why it's so slow to grow, but it keeps on growing, steadily.
by u/12D3KooWENDK8uKrSXgmDCrFkFwv4PHSHZG9Q5JTTMGXYtoeMZzA | 13mo ago
maybe, but I don't really understand hypotheticals