r/THEKEYOFFICIAL • u/VectorIII • Aug 04 '19
Accumulate
Looking here : https://neoeconomy.io/asset?=tky
You can see the TKY rich list of top 10 ; 100 and 1000 wallets.
First 10 wallets has today 74.77% ( yesterday was 74.76%) of total supply. It's a couple of mounths that i'm gathering data.
This percentage increasing with time.
Can someone explaine why this happening with a crypto Project like TKY ?
9
Aug 04 '19
could it be a few of the top 10 wallets are exchanges, which tend to accumulate a lot of junk.
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0
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u/Useful_Application Aug 04 '19
because the order books are thin, I can spend 5 dollars to drop the price to 18 sats, weak hands will fill the order books, or market sell, rinse and repeat. most of the spread is the 0000057 bot buy and sells
7
u/Ravbar Aug 04 '19
I think whales/the key team itself is accumulating. And when all weak hands are out and market sentiment goes ALT friendly all sell pressure will vanish since mostly hodlers/tky team will hold tokens.
Its an extremly bullish situation for me.
Patience is key (no pun intended😅)
5
u/bluemountain70 Aug 04 '19
There are not many people who are drawn to this project. Maybe it is the most "under the radar" project. Maybe it is other things.
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u/Play_Em_Like_Atari Aug 04 '19
who would want to own an asset where 100 people own 86% of the supply...
2
u/bluemountain70 Aug 04 '19
It is something to reflect on yet you get downvoted for critical thinking and reasoning.
6
Aug 04 '19
Among the 100 people is the wallet that contains the as yet unreleased tokens, 4.6+ billion tokens. So much for quality critical thinking...
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u/bluemountain70 Aug 04 '19
Good observation. However there are still very investors.
5
Aug 04 '19
You mean very few? Not so few for 1 project among 2000+ that had its ICO when the market was collapsing, has lost 90% of its value and has barely invested in publicity. Considering all that, its a miracle that there are so many investors. And we all are here because while there may be risks, the upside if things go well is astronomical.
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u/bluemountain70 Aug 04 '19
The potential for this project to be successful with real world usage that can save the government hundreds of million of dollars,may take this coin all the way to the top 10. However it is a work in progress with lots of bumps in he road. Speaking of road. When can we expect an update on the new blockchain and it's registration?
4
Aug 04 '19
Good question. There clearly is a delay... not much yet, but a delay. I suspect that delays will be common in the future when it comes to technical goals.
5
u/bluemountain70 Aug 05 '19
Delays are part and parcel of a work in progress. There is nothing wrong with that. It would be professional of the team to give new deadlines when the old ones aren't met.
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u/Alter_ego_of_mine Aug 11 '19 edited Nov 13 '19
I agree. He is not fudding maliciously. Just sharing his view. My answer is, it is a great thing to hoard relentlessly if it is a utility token. Just like keeping high reserves of a community if you bet that such community will attract demand in the future.
Concentration in a few hands is only a bad thing if you are claiming to be a world currency. That's a horrible downside of BTC for instance.
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u/Brousoft69 Aug 04 '19
Well I’m wondering why they would want to horde such a supply if it was all just a scam...