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RE: Interesting Fact: EOS collected 3 Million Ethereum in 210 ICO rounds

in #zappl • 7 years ago

You're assumptions are completely incorrect. EOS has publically stated that they sell the ETH they collect for USD on a daily basis.

7 years ago in #zappl by
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     7 years ago 

    I will believe it when I see it... Cus my assumption is, Block.One wants to be completely away from government control, using USD for purchases defeats the entire purpose...

    Well I trust Block.One and its team, I am sure they are not going to dump ETH or run away with it... 50% of my portfolio is EOS

    Facts are just right - BlockOne has collected 3 million ETH till now... what have they done with it.. Who knows :)

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       7 years ago (edited)

      I know because I asked @Sandwich on the EOS Telegram channel. He is the main admin of the channel and also a Block.one employee. He says that Block.one sells all the Eth they collect from the crowdsale OTC on a daily basis. Basically they sell it in large chunks to hedge funds or other large investors to avoid dumping it on an exchange and crashing the market.

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       7 years ago 

      Thanks you... thats a useful information to know... :)

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