@NEM TeamI'm still trying to wrap my head around the fact that you haven't announced ANY official strategy of unloading a significant part of the undistributed funds at these levels (e.g. outside of the exchanges at Market rates). Please don't say you always knew it would happen within a 2-month period. Don't you see how thin the top of the order book is already? Just a handful of initial stakeholders cashing out would cut the Mkt. Cap in half. What are you waiting for?
I don't care how many folks are running
Buy-bots in private. Considering that you've said it's not the official team participating in market making activities (i.e. ability to support both sides pretty much risk free), the private efforts will have ABSOLUTELY NO CHANCE supporting the order book.
I'll say it again, something is not adding up (or simply can't make sense of it myself)... but feel free to explain the official strategy.
Edit: Just to be clear, the thin order books is not the main point here. All high Mkt. Cap projects have thin order books at the top. I'm discussing strategy in respect to undistributed funds. If there were no undistributed funds (or they were a much smaller % of Total Supply), there would be no post!
The NEM development team themselves is not pumping this coin. Some of their stakeholders like myself extol the virtues of this coin, but that doesn't necessarily mean it will skyrocket up and replace ethereum in value or be the bitcoin killer, even though I think it might. The way to address the undistributed funds would be to lower the requirement to be a supernode to something like 100,000 to 250,000 coins. This could indeed flood the market with coins.. that's life. If anything XEM has better distribution than any of the other top 5 coins... there is one bitcoin wallet that alone has 80,000 lost bitcoins. That's the same as a couple hundred stakes of XEM. XEM was distributed in the most fair way of any of these altcoins except perhaps Ethereum. There's likely a lot of lost coins, but that's no different than any other crypto. As for distribution held by the developers, if any, XEM has gone up fast and the fact they are not simply dumping their stakes and on the forum pumping the coin is a testament to where their priorities lie. Maybe they'll do some sort of dividend in the future. Who knows. A public disclosure of all their held funds in their control would be a positive though. I'd be interested to see that.
As for LTC, segwit was a patch and XEM will be capable of far more transactions and much more scalable, especially after the release of Catapult. Apples and oranges here. LTC is more like BTC than XEM, and that's not necessarily a complement.