Waltonchain dumping their team's tokens?

btc_angela

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Quote from: Jating on January 19, 2020, 02:55:49 PM

The only valid reason I can think of for the team to dump their own token is to take some to cover all the expenses they have incurred. Other than that, I don't see any, except of course to take profits for themselves.

Only logical explanation is simply to make profit out of their project, simply as that.

Quote from: Jating on January 19, 2020, 02:55:49 PM

If I'm a WTC holder, I will be pissed off of course. The market is still in the worst conditions, so that timing is really that bad. I'm sure that it will just make the price go down more and it will not be good for those bag holders who believed in this project, it's a bitch move, to be honest.

What do you expect, even project owners are going to look to make money. This is the nature of the business we are in. That's why we really need to be smart, don't believed every project has a honest reason to stay in the crypto sphere other than to enrich themselves, sad but true.

bittraffic

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Its what is for I guess. Why unlock it if they are not going to make use of it either to make them profit by trading or simply just dump it all. It may not be right after distributed to them but few days or weeks. I'm not fan of the project but setting sell walls for the coin will make sense before the bullrun starts. How do you track the coins? Maybe looking into the exchange pairs where the volume extraordinarily spikes.

Jating

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The only valid reason I can think of for the team to dump their own token is to take some to cover all the expenses they have incurred. Other than that, I don't see any, except of course to take profits for themselves.

If I'm a WTC holder, I will be pissed off of course. The market is still in the worst conditions, so that timing is really that bad. I'm sure that it will just make the price go down more and it will not be good for those bag holders who believed in this project, it's a bitch move, to be honest.

Nadziratel

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Quote from: cheezcarls on January 19, 2020, 02:23:54 PM

Waltonchain (WTC) has announced that it will be unlocking its team tokens. Around eight percent of the team’s 10,00,000 WTC tokens will be released today with the remaining to be released “irregularly,” as per the demand.

Initially, the Waltonchain team was supposed to unlock its tokens on July 18 2019, but it extended it for another six months. The replies to the announcement have been largely negative.

To read the full article, kindly click here

Do you think Waltonchain team has valid reasons of dumping their tokens?

They did extend their locking period for 6 months last year, and it ended like just now. There are some who tweeted that it isn't a good idea yet for the team to unlock their tokens, because they fear that they would dump it in the market for certain reasons.

To all of Waltonchain token holders and fans out there, what are your reactions to this one? Do you honestly think that it is the right time for the team to unlock their tokens and dump them for good? Or should they extend even more?

I remember that there was a big dump in the WTC at this time last year. Why would they do something like that? If this is proven, they can be completely excluded from the market.

cheezcarls

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Waltonchain (WTC) has announced that it will be unlocking its team tokens. Around eight percent of the team’s 10,00,000 WTC tokens will be released today with the remaining to be released “irregularly,” as per the demand.

Initially, the Waltonchain team was supposed to unlock its tokens on July 18 2019, but it extended it for another six months. The replies to the announcement have been largely negative.

To read the full article, kindly click here

Do you think Waltonchain team has valid reasons of dumping their tokens?

They did extend their locking period for 6 months last year, and it ended like just now. There are some who tweeted that it isn't a good idea yet for the team to unlock their tokens, because they fear that they would dump it in the market for certain reasons.

To all of Waltonchain token holders and fans out there, what are your reactions to this one? Do you honestly think that it is the right time for the team to unlock their tokens and dump them for good? Or should they extend even more?

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