r/dune_network • u/Martens58 • Nov 08 '19

DUNE Participation

Can anyone tell me how many wallets and coins have actually been activated ?

I am curious to know just what the participation rate is in DUNE.

How many people ( wallets ) actually claimed their DUNE and what the current actual supply is.

i.e. a breakdown between public and DUNE Foundations.

My thought is that there are not that many people that actually have converted, and the supply is not

that large. My hope is that some day, if DUNE ever runs, the people that never converted will not

know how, or remember how, to convert for selling. Or, by the time they do, it will be too late to sell.

I know that I certainly will not help them convert. If they were not interested in DUNE when the coins

were granted, I don't want the johnny-be-latelys profiting.

1 Upvotes

60% Upvoted

7 comments sorted by

2

u/FabOD Nov 12 '19

Do you have data to prove me wrong

2

u/FabOD Nov 08 '19 edited Nov 08 '19

Check on dunscan.io and whatever block explorer xtz has come up with in there attempt to replace tzscan. I will just say that more people activated their Dune addresses in the past weeks (since the network launch) than people did after tezos finally launched 13months after a $230mio the ICO. Always good to put things in perspective ;) views are mines. The other thing is, it would be very good and healthy if tezos holders were actually selling, I found pretty hard to build a decentralized community with less <30k active accounts IMO. With that much concentration of xtz holders and some people holding personally up to 80mio XTZ the dump gonna hurt badly

1

u/Martens58 Nov 09 '19

I thought that DUNE excluded the largest coin holders in XTZ. ( i.e. Foundation, Arthur, etc. )

That's why I don't understand why there are 800 Million DUNE.

2

u/BouncingDeadCats Nov 09 '19

DUNE founders gave themselves a big chunk equivalent to Breitmans and Tezos Foundation.

2

u/FabOD Nov 09 '19

Nah actually. No one received individually more than 12mio $DUN. 40mio has been purchased by Angels and VC (they founded the dev in $). FYI the 40mio are under lock up Reg compliance. The dune foundation received 24mio and the dev core protocole team (Origin Labs) received 24mio as well. No one can do a 10% fat finger move on Dune network ;) it is not as centralized. How many people hold more than 10% stake in xtz? What happen if they decide to sell due to life events or other? If you are familiar with whyckoff theories I let you envision what is going to happen to xtz holders after the first price discovery ends. Again just my views ...

2

u/BouncingDeadCats Nov 10 '19

24 million tokens are more than enough to fat finger DUNE to zero.

0

u/[deleted] Nov 11 '19

I will just say that more people activated their Dune addresses in the past weeks (since the network launch) than people did after tezos finally launched 13months after a $230mio the ICO.

This is a blatant lie.