Topic: Tezos discussion - page 171. (Read 215729 times)

 163.82 for ether? but this is too cheap, they could get more  or I don't understand something 

It's a good thing to share such transparency info with community!!

http://tezos.live/ here you can find all information that you seek.

guys please what is the total number of contributors/ investors in the ICO?

I agree.
We should be keep informed every step. We missed transparency in this community

This is so reassurent being transparent like that.

Oh, No!!!!  No Cash out!!!

Unluckily no one predicted that the price of Ether will go up significantly in less than 24 hours, from $163.82 to $237.84 which is the current market price.    

Yes, thank you for the update, I was unaware of that before you posted this.  I'm curious as to why they decided to liquidate that number of Ethereum and at essentially a few month low (almost)

no issue with them diversifying there portfolio but if they want there assets to be worth a crap ton more they knock it out of the park with tezos itself, will bring a ton more value than a diversified portfoilio of stocks and metals and what not.

Great news. This is a sign of long-term responsibility and commitment with accountability.

I was gonna say same ting with @keithers 

And you just posted. Thanks for the update.

Update from Tezos.
Diversifying the portfolio of the Tezos Foundation

Posted on Tue 18 July 2017 in misc

The Tezos Foundation currently holds over $220M worth of bitcoins and ethers. To best serve the interests of the Tezos community, we intend to gradually diversify our position by slowly selling some (but not all) of these holdings over the coming months and purchasing a conservative portfolio of cash, stocks, bonds, and precious metals. This will ensure that our organization is resilient in good times, and bad times.

We strongly believe in the importance and value of cryptographic tokens such as bitcoins, ethers, and of course tez. However, as an organization dedicated to promoting the Tezos protocol, we should strive to make our endowment uncorrelated to this asset class as a whole, or even anti-correlated. When times are good, interest in building applications around these technologies is high, venture capital money flows into exciting new companies and the growth comes naturally. When times are tough, interest can wane and funding can dry up. It is precisely in those times that the foundation needs to be strong, and holding a large portfolio of bitcoin and ether would not accomplish that.

We let people know that we would begin selling some of these assets during the fundraiser. This ensured that moving contributions would not cause worry and confusion for contributors. As it turns out, we didn't sell assets in that period, as our focus was primarily on support and monitoring the safety of the crowdfunding. The multisignature procedure we use requires access to a secure location for spending and several security checks which make it a non trivial affair. Given our interest in minimizing slippage, whatever we might have sold would represent a very small fraction of the contribution received.

Selling too much too fast temporarily depress prices and unnecessarily reduce the foundation’s endowment, which is obviously not in the best interest of contributors or the foundation. Our strategy will be to balance the importance of diversification and risk management with the cost of trading, by making sure that we represent a small fraction of the selling or buying pressure at any time. We will also seek to connect directly with large institutional buyers, which can give us better prices and liquidity than going through exchanges.

Our first trade happened yesterday, when we sold 1,587 ether at a price of $163.82, netting about 250,000 CHF for the Tezos Foundation
https://tezos.ch/diversifying-the-portfolio-of-the-tezos-foundation.html#diversifying-the-portfolio-of-the-tezos-foundation

I wish Tezos would open a forum on their homepage...so that people can discuss developments, news, and the team can help address expectations, developments, etc.

Ever since the crowdsale ended (which I know was recently), I believe the only update to the page is the "The Tezos Fundraiser is closed."

I know it's hopefully not the case, but for all we know they could be vacationing the entire world on private planes with all the BTC and ETH that they raised. 


At least an update from the Tezos team would be cool...

I believe the team said 2-4 months from the ICO until tokens were supposed to be released. Since the project got so overfunded, they may hire a larger team and release tokens sooner. From what I've seen on a few exchanges, I think they are anticipating they'll be available on exchanges by December. All of this is just speculation as I don't think there have been any updates since the end of the ICO

when will they launch the token ?

This thread is a glorified  circle jerk...
Aha, Fuck it.
Tezos to the mooooooooooooooooooonnnnn! 

its not crazy at all, i would do the same thing if it dumped that low, everyone is expecting it to dump once it hits exchange, i invested in this project to hold it for long term, i just see it as a opportunity to take a larger position for cheaper if it does happen.

If it ends up dislodging eth then the ico mkt cap was a hell of a bargain. Who knows how high eth would have gone if it weren't for it's scaling problems, or how high it will go in the future even with them?

That's a pretty ridiculous statement without knowing how the team will perform. That's what I'm waiting to see.