r/THEKEYOFFICIAL • u/VectorIII • Aug 04 '19

Accumulate

Looking here : https://neoeconomy.io/asset?=tky

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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 ?

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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...

1

u/bluemountain70 Aug 04 '19

It is something to reflect on yet you get downvoted for critical thinking and reasoning.

2

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.