Does anybody know who owns 50 millions ANS tokens that are out of circulation now?
I have read the following here:
https://bitcoinmagazine.com/articles/antshares-rebrands-introduces-neo-and-new-smart-economy1/
If developers own 50 millions tokens and are going to sell them to support development, that may negatively effect the price I think.
I have read the following here:
Quote
From the looks, sounds, and energy of the event, NEO has built up some strong momentum going forward. They have one the top blockchain development teams in all of China, with 50 million ANS ($325 million) to support their funding needs and a growing list of partners now aligning by their side. While it may take some time to steal the spotlight from Ethereum, we are sure to see more from this platform in the months to come.
https://bitcoinmagazine.com/articles/antshares-rebrands-introduces-neo-and-new-smart-economy1/
If developers own 50 millions tokens and are going to sell them to support development, that may negatively effect the price I think.
Yes, the developers own the 50 million, but the plan is to use a large junk of those coins to create partnership and build value.