The foundation controls 1 million coins of the premine, so you can remove around 15% of the total supply that is out in the open. It was mentioned earlier that some chinese guy has over 1% of the coins and the rest of the team has over 1 million at least. So not that many coins in circulation as holders have been able to gather cheap coins for over a year now into a few bags. I expect to see wild swings in prices like we have seen this week already. The coin gained 300% in prices and has lost 29% from the lastest pump so far. New wallets will bring another pump if new tech is being released. This coin is a traders dream!
If people think the team owns a million, and KenChanYu owns a million, take a look at the rich list(
https://bitinfocharts.com/top-100-richest-auroracoin-addresses.html) and do some math. I'm going to guess a lot of people will be really surprised when they find out that their calculations on what people hold what just don't add up.
All this "the dev team holds all the coins" talk is silly. The team does not hold a million coins. I can tell we sure do wish that was true. To put it in perspective though, I own less than 0.5% of the current supply, including the burned coins. So take the burn coins out and that's a higher percentage of total coins in circulation, but it's less than 18BTC at current rates. When I bought in, it was less than 7BTC. I'm almost certain that two of the listed team members hold less than me. So there's still a lot of coins to be had out there for those looking to buy in.
Just to clarify something, we never discussed a release date for the wallets. We had a soft-decision on releasing this past week, but we've been discussing additional changes that we are looking to make. We haven't decided if they would be included in this first release or not, so that's the hang-up right now. Additionally, there has been a lot going on in the personal lives of the members in the last week or two, so team communication has been slow going due to the life events, mixed schedules and timezone differences. However, I can say that we have a working build right now that is running on a early seed network that we are building out to create a stronger core network. Should we decide to change core functionality, we will let people know. If we don't, we will most likely have a build ready soon. The team will update this thread with a timeline when we agree on one, but for now, please don't put arbitrary deadlines in place that we haven't explicitly stated(as in a specific date).
If you have any questions, let us know.
-Fuse
