Sup Zig Forums, long time RLC accumulator here. I decided I wanted to help you understand the situation with the ever decreasing available supply, and the ramifications of not accumulating some. First off, disclaimer, I have over 80k RLC and 20k LINK. No other altcoins matter to me. Besides that, let's move onto the supply.
Lets get the basics out of the way. Max: 87M Circ: 81M The team only owns about 10-15% of all coins. I assume some of these coins will be used to onboard tech giants. The team is extremely wealthy from the ICO as well, raising about 10,000BTC and 173,886 ETH. In 2017 it was the 6th largest ICO in history. That's why 66666 is RLC gets.
In total 86,999,784 RLC have been issued and distributed to 1100 contributors. I am sure that a lot of these coins have been distrubuted since, as RLC has been down for quite some time and people capitulated.
Now let's talk about Binance wallets. Many users keep their RLC on binance, around 22% of all RLC is on binance. That means that most 78% of all RLC is held within user wallets, leaving only 22% of 81M up for grabs. Roughly 17.82M are up for grabs. Let that sink in. Around the same number of BTC are eventually up for grabs too. It's an interesting thought. Additionally, Bittrex non-US has about 3M or 1.3% and supposedly Kyberswap is running low.
Other interesting thoughts are that most of the top 50 whales, specifically the biggest(around 3M), haven't moved their RLC for a very long time. If we check this picture, we can see that a whale or some entities took around 8,000,888 of RLC off of binance.
So what does all of this mean? >Is RLC really a valuable scarce asset considered as digital oil? >Are whales holding, accumulating and supressing while RLC is unknown to most? >Are exchanges running somewhat low on supply? >Is iExec eventually going to be the world computer? >Is RLC undervalued? >Is it going to experience a supply shock pump eventually? >Will an American exchange listing like Coinbase make it pump hard? The answer to all of these questions is yes. I'm not really bothered by the price movements, yea it sucks to see such a great project with a technically genius team not in the top 10, but that's just how crypto is right now. I think things will change very soon as more projects are exposed as being weak in comparison to others. Microsoft and Google being even slightly somewhat interested in iExec is very telling to me that things are going to happen this year.
I wouldn't even take the slight chance on missing out on this one Zig Forums. I'll probably post this earlier tomorrow for more to see.
[e ture, we can see that a whale or some entities took around 8,000,888 of RLC off of binance. >So what does all of this mean? >>Is RLC really a valuable scarce asset considered as digital oil? >>Are whales holding, accumulating and supressing while RLC is unknown to most? >>Are exchanges running somewhat low on supply? >>Is iExec eventually going to be the world computer? >>Is RLC undervalued? >>Is it going to experience a supply shock pump eventually? >>Will an American exchange listing like Coinbase make it pump hard? >The answer to all of these questions is yes. >I'm not really bothered by the price movements, yea it sucks to see such a great project with a technically genius team not in the top 10, but that's just how crypto is right now. >I think things will change very soon as more projects are exposed as being weak in comparison to others. >Microsoft and Google being even slightly somewhat interested in iExec is very telling to me that things are going to happen this year. >I wouldn't even take the slight chance on missing out on this one Zig Forums. I'll probably post this earlier tomorrow for more to see. >[Post a Reply][Return] [Catalog] [Top] 1 / 1 / 1 / 2[Update] [Auto] >Delete Post: [File Only] Style: >[a / c / g / k / m / o / p / v / vg / vr / w] [vip / qa] [cm / lgbt] [3 / adv / an / asp / biz / cgl / ck / co / diy / fa / fit / gd / his / int / jp / lit / mlp / mu / n / news / out / po / qst / sci / sp / tg / toy / trv / tv / vp / wsg / wsr / x] [Edit][Settings] [Search] [Mobile] [Home] >All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster. >About • Feedback • Legal • Contact >Reply to Thread No.20604095
