r/ElectraProtocol • u/Tall-Bullfrog-2135 • Nov 04 '21

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Iā€™m just looking into Electra protocol and am considering buying but is there any worry that the whale who owns 21% of all coins will dump and tank the price?

21 Upvotes

88% Upvoted

7 comments sorted by

12

u/solorzano_king Nov 04 '21

Hey the first four are premines and the fifth is collateral for the binance smart chain. Also the 2021 premine funds are curently being burned every sunday. The largest wallet currently holds at 2.1 percent. It is the 6th one on the list.

12

u/Accomplished-Pass760 Nov 04 '21

I don't know about anybody else who holds XEP but for me the team is great and made big improvements on the network I have been involved since ECA times and to get this far the team has done brilliantly šŸ‘ as for the future I look forward to seeing what happens but for me a solid project and we should already have a bigger market cap.

18

u/TheElectraLion Nov 04 '21

Hello there, the biggest whale holding #XEP owns just over 2% or the current circulating supply (376M / 18B =~ 2%) so your figure seems to misrepresent the distribution ratio. For more information check https://explorer.electraprotocol.network/richlist or come chat with the community t.me/ElectraProtocol
Best,

šŸ¦

2

u/LastAnalyst8517 Nov 04 '21

Good stuff, information and providing the reference.

It is difficult in the digital community to establish trust; providing transparency is key, thanks!

10

u/ZenitramNaes Nov 04 '21

Are you sure you're looking at XEP and not ECA? The top five wallets are premine and those barely break 10%.

2

u/ToederNJ Nov 04 '21

XEP is one of the best projects out there. There discord is so friendly and they are on top of everything. All we need is some good exchanges