Crypto Balance: Understanding the POLY Price Drop. Info from a Private Sale Investor.

  • Thursday, 08 March 2018 22:04
*Just to point out that I’ve made a mistake in the spreadsheet I am looking at in this video. I have non numerical values in the "balance" column. There was a total of 109,502,457.39 still held in investors wallets as of 6th of march not 103,845,977 as shown in this video. I've corrected that now and you can see the amended spreadsheet here: https://docs.google.com/spreadsheets/d/1GvG7xSh5-oIc8D1MStiB2zMU4NGbcgAnwiD6a325FXQ/edit?usp=sharing As some of you may know I'm really into Polymath. So like a lot of POLY holders I was concerned to see the price decline so much in the last few days from highs of around $1.50 right down to $0.60. I wanted to know more about why this was happening and work out if its something that I should worry about or something that I should see as an opportunity. I was then contacted by a private sale investor of Polymath who had seen the last video I made about Poly. He himself had been doing some incredible and detailed research into the token holdings for the original 118 private sale investors. By looking at publicly available documents on the Polymath GitHub as well as the information passed on to me about the private sale we were able to build a better understanding of the incentives at play in the recent sell off. I’d like to say thanks to him for doing such great work. Here’s some links to the documents I was looking at in this video The list of 118 token holders wallets https://docs.google.com/spreadsheets/d/1GvG7xSh5-oIc8D1MStiB2zMU4NGbcgAnwiD6a325FXQ/edit?usp=sharing The GitHub ICO contracts https://github.com/bokkypoobah/PolymathCrowdsaleContractAudit/blob/master/contracts/PolyMathTokenOffering.sol The .CSV investor lists https://github.com/PolymathNetwork/polymath-allocator/tree/master/data Etherscan Polly Wallet info https://etherscan.io/token/tokenholderchart/0x9992ec3cf6a55b00978cddf2b27bc6882d88d1ec Cheers for watching!

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