Where we stand after token distribution
(Source:
Medium)
According to
TokenTracker CE7 is currently held by 6244 addresses, and according to our
distribution, the spread across curator categories is as follows:
- 1257 accounts hold between 5 and 2000 CE7, and are therefore entitled to a 10% share of curator rewards;
- 237 accounts hold between 2000 and 20,000 CE7, and are therefore entitled to a 30% share of curator rewards;
- 84 accounts hold over 20,000 CE7, and are therefore entitled to a 60% share of curator rewards.
This means that around 5000 (4665 according to the above but we still have to distribute some bounties) have less than 5 CE7 which means that they will need to purchase a few CE7 in order to be a curator. Many in the 5–2000 range also have a good opportunity to acquire up to the 2000+ bracket. There are a few people just shy of 20,000 CE7 for whom it is a no-brainer to buy up CE7 in order to reach the top tier.
Currently on
Ether Delta someone is offering to sell 20,000 CE7 for 2.8 ETH, and someone is offering to purchase 20,000 CE7 for 0.7 ETH. These are the very early days of CE7, and it is relatively unknown to the broader market at this time. Once the functioning of our smart contracts becomes more visible and accessible to the crypto community, we believe that word will spread about the ACT platform fast. The past month has seen such explosive increases in trading volumes for many other tokens and projects — there is no doubt that the change can happen very fast. We estimate that the current token market supply represents approximately 25% of all tokens. When the project catches attention due to its progress and successes, new participants will be able to buy CE7.
Those of you who know “crypto” will understand that the phrase “the first rule of fight club is never talk about fight club” has been adopted to describe how projects simply cannot discuss the price of publicly traded tokens. Similarly, projects cannot extend information to some but not others who hold the token. For those who request personal updates, it would be unfair to others to provide them to you. Please join our
mailing list to hear first.
The fundamentals explained above represent a solid footing for the ACT project from the perspectives of ownership distribution, token supply, and distribution of CE7 holders across curator categories.
The next phase of the project should see a developing trade market as the token’s value crystallises and as more people learn about the project and its potential. As you know, CE7 has extremely limited dilution compared with most project tokens, with approximately $500k raised during token generation.
We are now in a phase of extensive testing of the prototype smart contracts prior to mainnet deployment of the Alpha platform. Then (approx May), CE7 holders will be able to exercise their access rights and curate real proposals, deciding through our fully decentralized system what is funded and what is not. This is a thrilling prospect and and exciting journey. It would be remiss not to mention how incredibly turbulent the past few weeks have been in the altcoin markets. This has resulted in frayed nerves for some, and anxious times for many or most of our community. However, we remain on a great footing despite FUD levelled at the crypto-economy from seemingly all and every quarter.
All that remains is to thank all ACT supporters for their trust and patience as we carry on with the work focused on product and delivery first as usual.
