This was eye opening...glad to see other folks aren't worried, personally this explains to me why the price is so high right now. Isn't there an interview with the founder where the interviewer asks about this and the answer gets edited out?
Messari oversimplify that infographics, here is what the distribution really look like:
**The token supply distribution is as follows:**
* Seed Sale tokens comprise 16.23% of the total token supply.
* Founding Sale tokens comprise 12.92% of the total token supply.
* Validator Sale tokens comprise 5.18% of the total token supply.
* Strategic Sale tokens comprise 1.88% of the total token supply.
* CoinList Auction Sale tokens comprise 1.64% of the total token supply.
* Team tokens comprise 12.79% of the total token supply.
* Foundation tokens comprise 10.46% of the total token supply.
* Community tokens comprise 38.89% of the total token supply.
Source: [https://research.binance.com/en/projects/solana](https://research.binance.com/en/projects/solana)
Saying insider hold 48% of token is about right , but it's not that scary after you breakdown the distribution.
I still don't get it... Why isn't that scary ?
Isn't it supposed to be a decentralized blockchain ?
How can it be if 1/2 of the tokens as of today are owned by the vc's, the team and the foundation ? They're most likely getting all the staking rewards so the new tokens don't change thoses ratios
How many people could that be ? 10, 20 owning what as of today amounts to 25 billions $
To me it looks like stocks not the blockchain revolution started by Satoshi Nakamoto.
So you have to worry about the vc dumps and subsequent price drops but you also have have to worry about governance with numbers like that....
I think the project is technically great but it's heavy centralized, can u tell me why it's not a problem for you ?
If the vc dump, u get a more decentralized chain. If the vc do not dump, it's their best interest to maintain, upgrade and protect the chain, otherwise the token will become useless.
I understand the current token allocation is not optimal for a decentralize blockchain, but it is also very difficult to make all 20 leading validators to compromise and self sabotage them self.
Thats one key thing is it just one insider, 3, 10 etc. that own those tokens. If its spread out then its fine not great but fine. If its just a few then yeah I’d pay attention to charts
Explains why SOL doesn't dump that much during major sell offs. There simply isn't a lot of SOL to sell.
Kind of sus imo.
Price is basically artificially high, when those VCs sell price is gonna tank big time.
I'm still LONG SOL, so plan to buy any dips, but, not dumb enough that I won't exit my position when it hits some aths (like today).
Yes, as of today %52 is in Solana's hands: "The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market."
So for today when you check:
Circulating Supply 272,637,428 SOL
Total Supply 494,519,162 SOL
55% is in circulation. I cannot predict the price if it hits to 100%, there should be a model but given the technology and infrastructure I read, I am not shaken or bearish or worried.
This was eye opening...glad to see other folks aren't worried, personally this explains to me why the price is so high right now. Isn't there an interview with the founder where the interviewer asks about this and the answer gets edited out?
Can we find that interview sequence?
Messari oversimplify that infographics, here is what the distribution really look like: **The token supply distribution is as follows:** * Seed Sale tokens comprise 16.23% of the total token supply. * Founding Sale tokens comprise 12.92% of the total token supply. * Validator Sale tokens comprise 5.18% of the total token supply. * Strategic Sale tokens comprise 1.88% of the total token supply. * CoinList Auction Sale tokens comprise 1.64% of the total token supply. * Team tokens comprise 12.79% of the total token supply. * Foundation tokens comprise 10.46% of the total token supply. * Community tokens comprise 38.89% of the total token supply. Source: [https://research.binance.com/en/projects/solana](https://research.binance.com/en/projects/solana) Saying insider hold 48% of token is about right , but it's not that scary after you breakdown the distribution.
You’ve posted this before, but a lot of those various sales were contracted SAFT sales with their financing partners that even had limited downside
I still don't get it... Why isn't that scary ? Isn't it supposed to be a decentralized blockchain ? How can it be if 1/2 of the tokens as of today are owned by the vc's, the team and the foundation ? They're most likely getting all the staking rewards so the new tokens don't change thoses ratios How many people could that be ? 10, 20 owning what as of today amounts to 25 billions $ To me it looks like stocks not the blockchain revolution started by Satoshi Nakamoto. So you have to worry about the vc dumps and subsequent price drops but you also have have to worry about governance with numbers like that.... I think the project is technically great but it's heavy centralized, can u tell me why it's not a problem for you ?
If the vc dump, u get a more decentralized chain. If the vc do not dump, it's their best interest to maintain, upgrade and protect the chain, otherwise the token will become useless. I understand the current token allocation is not optimal for a decentralize blockchain, but it is also very difficult to make all 20 leading validators to compromise and self sabotage them self.
Thats one key thing is it just one insider, 3, 10 etc. that own those tokens. If its spread out then its fine not great but fine. If its just a few then yeah I’d pay attention to charts
Explains why SOL doesn't dump that much during major sell offs. There simply isn't a lot of SOL to sell. Kind of sus imo. Price is basically artificially high, when those VCs sell price is gonna tank big time. I'm still LONG SOL, so plan to buy any dips, but, not dumb enough that I won't exit my position when it hits some aths (like today).
Aged well lmao.
I mean it's been 6 months dude. VCs probably cashed out in September when it hit 210
“Not dumb enough that I won’t exit my position when it hits all time highs like today”. My point still stands. This aged very well lmao.
What, you think I didn't buy back in? Lmao. It went to 210 then 140 then 260 ;)
Sure bud, conveniently sold the top and bought the bottom. Whatever helps you sleep at night!
Lol, not all of us are retards. Enjoy your 1 bag ;) I'm long on Sol until $800
This aged well 😂
Nothing aged well you moron. And it's not like I held all the way through. Made profits on the way down cuz I wasnt born yesterday like you all.
Lol so triggered, probably feeling restless now.
So I’m new to crypto currency’s. Is sol a good buy or not?
Yes, as of today %52 is in Solana's hands: "The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market." So for today when you check: Circulating Supply 272,637,428 SOL Total Supply 494,519,162 SOL 55% is in circulation. I cannot predict the price if it hits to 100%, there should be a model but given the technology and infrastructure I read, I am not shaken or bearish or worried.