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SMV: I think Factom is dumping on us. Straight into the buy support each time we get ready for break out. There is no blockchain explorer which seems intentional. I think they should disclose their market dealings to us.
Better read a few posts above bevor writing such nonsense. Blockexplorer is here: http://explorer.factom.org/Where's the richlist? Where are FCT transactions? That is only entries. No sight of any 'money' being moved.
FCT transactions:
1) open http://explorer.factom.org
2) click on a block
3) scroll down
4) click on "Factoid Block" (http://explorer.factom.org/fblock/6231b2f1c0124c141043f47be3ebffe0e0cc7c5be9266b6cea1294de54b75691)
Richlist:
1) https://bittrex.com/Market/Index?MarketName=BTC-FCT
2) click on "Distribution" (even though that list looks wrong to me)
The "Richlist" is no richlist. It's the distribution of Factoids on the Bittrex-exchange.
Yes, true. Richlists are not that revealing. It can be interesting because at least it's possible to see if there are changes. But it's always possible that one person has 10 addresses with 10k each or something like that.
What I would be interested in: The distribution on Poloniex. And even more: I would like to see when huge amounts are deposited or withdrawn and who opens orders and when and buys and sells etc.
That would be advantages ;-)
I would like to see the team disclose their Factoid addresses and me being able to independently verify them.
I would like to see the team disclose when or how they sell their Factoids. Somebody is repeatedly dropping 100 BTCs on market for months like they don't care, any investor with that kind of money in a project wouldn't sell it like that. So that leaves founders who still hold a large amount of FCTs they're coincidentally very quiet about. It's all quite ironic for a project representing honesty and transparency to offer no transparency to FCT holders.
I am not asking for much. A decent blockchain explorer to track large addresses movements, and more transparency from the Factom team what they have done with their FCTs or what they will do with them in the future.
I'm not aware of any project that discloses private team members holdings. Does Dash do that? Does Ethereum do that? Does any other team of a major project do that?
It's like asking someone to show how much they hold in their bank accounts. That information should stay private and it is personal in my opinion.
There was a token sale and lots of people bought FCT at the time, what you see on Polo is simply normal speculation activity.
People buys low and sells high and if they hold many FCT of course they don't want to reck the market and get it below a certain point.
Also when FCT was first listed it was reeeeally cheap, so some people may have quite a good stock of them and are just playing the market to their advantage.
You seem to be obsessed by the fact that Factom is selling coins... Or you are just trolling for your own purposes. I don't think Factom Inc, the company, holds any Factoids. They also stated that if customers wanted to buy Entry Credits directly with FIAT or CC they can but in that event Factom Inc will go on the Open Market buy FCT at current market price and convert them to EC for customers.
The distribution of FCT as stated on this thread and during the token sale was 50% token sale, 20% early investors, 30% to people who contributed to the project.
There was a total of just over 8 million FCT. They are not many so it's very easy for a third party whale to stock up and make the good and bad weather on exchanges.
And the explorer can show you FCT transactions. Have a closer look. What you are looking for is something like blockscan.com does for XCP assets, but yes I don't know of many other explorers that allow you to do that.
Also a tool you are seeking or a way to see the top addresses like you are asking would allow you to predict the market somehow that's probably why you are so keen.
I have bought a few BTC worth of FCT during the token sale and I'm holding, I personally think FCT is undervalued but I don't do day trading I'm in it for the long run, wait to see what Factom comes up with in terms of partnerships, customers, and software releases. That's when the real value of FCT will come up. Right now it is purely driven by speculation and people that believes in the project who like me HODL!
Accusing Factom or their team members of selling FCT or rigging the market is silly, first everyone is free to do what they want with their money, second it is an open market and there are many players around with large pockets. See what's happening with ETC and ETH? The mother of all pumps?
Finally you seem to have come out late to the game, you got to accept that and make your own judgement before deciding where you put your money.
