mxctaino,
The part, that wolong holding 700 mill is true, but he can not control this coin for long! He can dump at a point and drive the price down, but how long he can do it? Once or twice, then he will be out of shares. Dumping that much, at a low price is not worth it, even if its for revenge. People still mining PANDA and eventually, they will have much much more in hand then 700 mill!! This coin had a 70 billion max!! 700 mill is nothing compare to that.
Personally, Ithink this whole premine thing is just a myth. Just look at bitcoin. First 100 bigest wallets! They are 22% of the entire mined Bitcoins existed. Why arent you afraid that those whales dump? Because they wont! They are waiting for the right moment and they wont sell ALL their shares, only the fraction of them!
So even wolong has a few 100 mill, that doesnt matter at all, only for a few days, max 2 weeks, then people will mine more than that, and if the devs are behind this coin and back it up, come up with a new logo and everything then people will have trust again!
While the coin has any association to wolong people are not going to touch it only to pump and dump. Even the developer say they don't want to even deal with the guy no more. I asked already what could be done Sev came out was very detailed were his mind was at but he said they as a team had to discuss the whole entire matter with another developer thats AFK. So like I said before
POINTS
1. WOLONG's Name has to be removed from this coin
2. The Developer team has to pledge that they will stop any and all associations with wolong for the sake of the coin and community
3. A full rebrand and relaunch ( Witch by the way could be done as soon as they stop pointing fingers) this could take maybe days of work
4. A full apology Letter from the Developer team to the community for whats happened (even though some had no idea and some over played their hand)
5. All This needs to be done right away and I mean in a matter of a couple days or the coin will officially be dead
Just my points and by the way I know their has been a bunch of back and forth but Im going to give the dev the benefit of the doubt just because They did THE F___ WORK... Not Wolong ---- If anybody gets anything should be the DEV. Im not trying to defend anybody, I don't know these people but Dev or anyone can't be working for free. People have lives they need to pay bills and so on like the rest of us. So from me they get the opportunity to make it right to all of us, but they must do this soon to regain any little confidence that maybe left