https://bitcointalksearch.org/topic/m.14434578Now that BigUp is gaining seriously BIG momentum we are going to be moving into the next stages of progress part of which includes moving some of the dev fund into the market. This will have many benefits to the BigUp community...
Let's put this into perspective for everyone (because unlike JRu I would much rather troll about actual specific coin related topics than just hurl about girly threats and child-like insults).
Taking into account burnt coins, the developer funds aka premine currently sits at about 26.5% of the total supply. Anyone is welcome to verify this themselves using a calculator and the block explorers linked in post 1.
Slightly over 1/4 of the
entire supply is currently sitting in a wallet that the developer has openly admit he plans to "move to market" (in other words, sell).
1/4 of the entire supply!
At current market price of 3 sats, thats about 12 BTC worth. Average daily volume for the past few weeks sits around 0.3 - 0.5 BTC a day, again you can verify if you need to...try somewhere like
https://cryptrader.com/ to get better data than Yobit itself offers.
The dev has ignored multiple posters asking what he plans to do with the free money dumping some or all of the premine would bring him. This is basically admitting its for nothing than personal gain, but this is subjective of course so up to you to determine what his silence means.
Theres currently less than 2.5 BTC of total buy support, and this coin is generating massive amounts of stake coins which are clearly being sold on market creating even more sell pressure.
Most good pumps come from one of two things, either a Bittrex or Polo addition, or a whale buying up supply and pumping the coin like fuck. Bittrex and Poloniex have never ever added a Yobit ICO coin, and have stated that they will never do so (go ask them in their IRC's). No whale in their right mind would risk accumulating BIGUP to pump with a 25% premine dump looming.
This coins fucked, its just a game of dump your stake until theres no buy orders left to dump into or the dev dumps first.
For those of you without the ability to read more than 10 words at a time, which is most of you considering you can't even type English properly;
26.5% PREMINE!!! DEV HAS ANNOUNCED PLANS TO DUMP!!!