[ANN][XLM] Stellar - Decentralized trading platform - page 172.

anujjain

sr. member

Activity: 434

Merit: 250

Quote from: LeoC on June 26, 2017, 02:58:15 PM

So the circulating supply of 9.7 billion lumens will now balloon to 25.7 billion lumens.
Assuming the price stays the same, the market cap will skyrocket from $270 million to nearly $1 billion, putting itself at a ridiculous position of #9 in the global crypto market cap list with a huge gap against BitShares at #10.
Lumens will need to correct to a price of about 0.00000300 BTC per lumen in order to retain a realistic market cap.
This begs the question. Why the hell is anyone buying this coin right now? Should this be an obvious short sale?

Really not happy how price crashing and it's looking it will going down just every minute.

I wish I can short sell this so make easy profit.

LeoC

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Activity: 154

Merit: 100

So the circulating supply of 9.7 billion lumens will now balloon to 25.7 billion lumens.
Assuming the price stays the same, the market cap will skyrocket from $270 million to nearly $1 billion, putting itself at a ridiculous position of #9 in the global crypto market cap list with a huge gap against BitShares at #10.
Lumens will need to correct to a price of about 0.00000300 BTC per lumen in order to retain a realistic market cap.
This begs the question. Why the hell is anyone buying this coin right now? Should this be an obvious short sale?

wry

sr. member

Activity: 288

Merit: 251

Their blog now says the official snapshot has been taken.

Let's hope that support rep was just misinformed on poloniex, they are pretty swamped there.

Not surprised price is crashing, if millions more lumens get distributed have to expect a short run price drop. Hopefully, it will enhance the long term value proposition of the coin.

Razoo

member

Activity: 84

Merit: 10

another piece of shit that drops over 100 sats moments after I buy it.

sniperz

newbie

Activity: 10

Merit: 0

Quote from: CarlOrff on June 26, 2017, 07:23:21 AM

Quote from: victory1 on June 26, 2017, 06:40:41 AM

Anyone had experience with Poloniex during the last Stellar distribution?

During the last Stellar distribution :
Poloniex : 0 xlm.
Happy for those who dreamed withour support confirmation from Poloniex for xlm.

So why did the stellar blog mention Poloniex in the list of participating exchanges. This info is very misleading.

https://www.stellar.org/blog/bitcoin-claim-lumens-2/

From the blog post

Quote

Participating exchanges (we’ll update this list as exchanges contact us):

Kraken
BTC38
Poloniex
Deribit
Yuanbao
NaoBTC
Bit-Z
If your bitcoins are located on any of the above exchanges there is no action for you to take. They will handle the process of automatically crediting your account with the appropriate amount of lumens.

retrocoingames

hero member

Activity: 491

Merit: 500

Quote from: CarlOrff on June 26, 2017, 09:25:54 AM

Quote from: Charles T. on June 26, 2017, 09:00:58 AM

Hi

We published an article talking about the 2nd round of distribution. You can fin it at: http://www.crypto-economy.net/stellar-goes-to-its-second-round-of-distribution/?lang=en

We hope you find it usefull.

Regards,

Charles

No news in this article : all is in the Stellar blog...

haha glad you said it!

CarlOrff

sr. member

Activity: 826

Merit: 440

Quote from: Charles T. on June 26, 2017, 09:00:58 AM

Hi

We published an article talking about the 2nd round of distribution. You can fin it at: http://www.crypto-economy.net/stellar-goes-to-its-second-round-of-distribution/?lang=en

We hope you find it usefull.

Regards,

Charles

No news in this article : all is in the Stellar blog...

Charles T.

full member

Activity: 173

Merit: 101

PR Manager at Crypto Economy

Hi

We published an article talking about the 2nd round of distribution. You can fin it at: http://www.crypto-economy.net/stellar-goes-to-its-second-round-of-distribution/?lang=en

We hope you find it usefull.

Regards,

Charles

markus124

hero member

Activity: 574

Merit: 500

It said in the blog that poloniex were going to give lumens. Can any dev confirm or not? Alot of people move their coin to poloniex.

trade-and-train

member

Activity: 61

Merit: 10

whats everyones opinion on the giveaway, will the price fall through the floor due the mass amount that will be flooded into the market causing the supply to far out weight the demand or do you reckon this is already been factored into sellers current price and won't have much of an impact?

CarlOrff

sr. member

Activity: 826

Merit: 440

Quote from: victory1 on June 26, 2017, 06:40:41 AM

Anyone had experience with Poloniex during the last Stellar distribution?

During the last Stellar distribution :
Poloniex : 0 xlm.
Happy for those who dreamed withour support confirmation from Poloniex for xlm.

Invester

sr. member

Activity: 646

Merit: 252

PNNV.COM Live bitcoin price monitor

Quote from: victory1 on June 26, 2017, 06:40:41 AM

Anyone had experience with Poloniex during the last Stellar distribution?

Me too. It is automatic right? As what is written on Stellar's articles.

victory1

full member

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Anyone had experience with Poloniex during the last Stellar distribution?

CarlOrff

sr. member

Activity: 826

Merit: 440

Quote from: allcryptos on June 26, 2017, 05:34:36 AM

Should I long or short for claimed xlm ?

Long, of course.

allcryptos

newbie

Activity: 32

Merit: 0

Should I long or short for claimed xlm ?

retrocoingames

hero member

Activity: 491

Merit: 500

Quote from: Zegra on June 26, 2017, 03:34:27 AM

Quote from: retrocoingames on June 26, 2017, 01:51:45 AM

Quote from: Zegra on June 25, 2017, 07:22:23 PM

Yeah, snapshot should be taken right? first block of the 26th in UTC has been mined 10 minutes ago
https://blockchain.info/block/00000000000000000159c6d590497c65281934c9b3d530c5fb812f1beb96d15a

Where does it say the first block mined? I didn't see that anywhere...

https://www.stellar.org/blog/bitcoin-claim-lumens-2/

Read the first alinea under "how does it work?".

I assumed everything has been taken care of so moved my funds again. Didn't wait for official statement because I sold some alts for this as the ETH bubblepop caused a crashall over crypto anyway, now I'm rebuying my alts cheaper

kanayaTabitha: you'll only receive your lumens at the end of august.

What should get them on the 27th of June:

June 27, 2017: We’ll publish a claim page, allowing bitcoin holders to verify that they control a given bitcoin address. We will then send that address’s share of lumens to the provided Stellar account.

areschen

full member

Activity: 392

Merit: 100

today airdrop xlm to btc holders Wink

flash10101

full member

Activity: 372

Merit: 130

Quote from: V1saya on June 26, 2017, 05:25:07 AM

Quote from: polterfolter on June 26, 2017, 05:11:18 AM

I have heard that Poloniex refuses to distribute Stellar to its customers:
Polo Rep: Ok, I got clarification on the STR distribution question
Polo Rep: I’m sorry. We never committed to that. Unless you see otherwise in the Notices section at Poloniex.com, I would assume not and withdraw to your own wallet to participate.
Customer: poloniex committed to distributing the STR to their costumers iirc
Polo Rep: I was told we did not. Management told me this. Today.
Polo Rep: I understand someone said we did, but we did not commit to that, as far as I know.

if this is true, Stellar fucked up and should be held responsible and distribute Stellar to the Poloniex BTC holders directly, otherwise they would just keep it for their foundation for their own enrichment.
(This screenshot clearly shows that Stellar listed Poloniex: https://puu.sh/wuvd3/e860835207.png (48kB)

So where did you get that polo representative dialogue? Damn I already transferred most of my btc to polo yesterday. If polo won't distribute these means they want to keep those stellar airdrops then?

Can not really imagine, that they would not distribute them... otherwise they really want to destroy their reputation...

V1saya

hero member

Activity: 1050

Merit: 508

Quote from: polterfolter on June 26, 2017, 05:11:18 AM

I have heard that Poloniex refuses to distribute Stellar to its customers:
Polo Rep: Ok, I got clarification on the STR distribution question
Polo Rep: I’m sorry. We never committed to that. Unless you see otherwise in the Notices section at Poloniex.com, I would assume not and withdraw to your own wallet to participate.
Customer: poloniex committed to distributing the STR to their costumers iirc
Polo Rep: I was told we did not. Management told me this. Today.
Polo Rep: I understand someone said we did, but we did not commit to that, as far as I know.

if this is true, Stellar fucked up and should be held responsible and distribute Stellar to the Poloniex BTC holders directly, otherwise they would just keep it for their foundation for their own enrichment.
(This screenshot clearly shows that Stellar listed Poloniex: https://puu.sh/wuvd3/e860835207.png (48kB)

So where did you get that polo representative dialogue? Damn I already transferred most of my btc to polo yesterday. If polo won't distribute these means they want to keep those stellar airdrops then?

polterfolter

newbie

Activity: 2

Merit: 0

I have heard that Poloniex refuses to distribute Stellar to its customers:
Polo Rep: Ok, I got clarification on the STR distribution question
Polo Rep: I’m sorry. We never committed to that. Unless you see otherwise in the Notices section at Poloniex.com, I would assume not and withdraw to your own wallet to participate.
Customer: poloniex committed to distributing the STR to their costumers iirc
Polo Rep: I was told we did not. Management told me this. Today.
Polo Rep: I understand someone said we did, but we did not commit to that, as far as I know.

if this is true, Stellar fucked up and should be held responsible and distribute Stellar to the Poloniex BTC holders directly, otherwise they would just keep it for their foundation for their own enrichment.
(This screenshot clearly shows that Stellar listed Poloniex: https://puu.sh/wuvd3/e860835207.png (48kB)

Topic: [ANN][XLM] Stellar - Decentralized trading platform - page 172. (Read 243394 times)