THE PEOPLE AT #MULTIVERSX HAVE DECIDED TO REMOVE THE EGLD/BTC PAIR FROM BINANCE BECAUSE IT'S PULLING THE PRICE DOWN. WHEN BTC WAS RISING, WHO WAS PULLING #EGLD DOWN?
The more #Multiversx gains traction in the crypto world, the more it will convince me to buy some more #EGLD! I think itβll really take off in a year π
We put @MultiversX on our new chart to see how big the gap is
Next-gen applications demand Internet-scale speed, and MultiversX transactions settle exactly that fast
π https://t.co/eZ9oNAydI5
Cool, but still useless from my POV
Things that we will never see and I wish to:
- Where is clearly stated that the foundation has shares in xMoney (I verified all public companies the final beneficiaries are the founders not the foundation, all 3 entities from Portugal, Romania and Estonia, dividends go to owners not to the foundation if is not there, there are two more entities not visible to see the end owners in Liechtenstein xMoney Global and xMoney Labs, probably used for the last raise or whoever knows why, that puts xMoney at already 5 entities)
- How much foundation assets were distributed as βgrantsβ to each individual company the Labs, xPortal, xMoney (since I am confident these got more than the protocol itself)
- Why there are two labs one in Romania, one in LIECHTENSTEIN (old known as xWorlds, is this still funded by the foundation, if so why, how much it wasted, who is responsible for?)
- Who owns the trademarks/IPs, as of public records all related IPs of MultiversX, xPortal are owned by another private entity not affiliated / reported in the above PDF) is this company getting paid by foundation for the holding or anything like that? https://t.co/KxbhKotUeM
- How are you preventing self dealing between founders since the directors/board members of the foundation are the same people owning all other entities, there is no public accountability or larger board of people/advisors to that foundation that could hold accountable the council of the foundation. Every other foundation has public workers like Sol/Eth etc
- Why no other core team member is visible as shareholder of labs or board members of the foundation? I would expect at least 3 more up there, the most important Adrian (you know the brain of the team) + maybe Sasu, Andrei β¦ I wonβt even dare to ask for external people that would be too much of a request from my side :))
Basically as a summary of a very high end investigation and overall how industry and foundations works:
You create the foundation, then you create your own companies, then you grant funds and pay your own companies to build on your own chain, then if these companies become profitable or you sell them you own nothing back to the foundation itself, thatβs why is very important to see clearly the stakeholders of all these companies and prove the foundation owns these entities in full or in a percentage
How do I know some of the stuff ? Well I do also have a foundation and an AG in the same environment as they do, clearly my foundation owns the AG is a simple document you can extract proving the ownership. For Romania companies is even easier since is public same for other EU countries like Estonia, Portugal etc. Except in Liechtenstein where privacy is the selling point :)
At some point I will do my own overview and link well all entities I am aware of, if more people are interested, if everyone still wants to stay blinded then I will save my time and move on
I tend in the past year to clearly see the management failure vs the clear success of the tech team(even if slow due to budget), is obvious incompetence (and hopefully not fraud) has been a key part of our sadly long downfall. The CEX liquidity shows it all if a whale would want to exit today there is no more than $20-30k liquidity on the buy side on the biggest CEXs, same on the sell side very hard to get an entry at this price unless OTC buying from them most probably
What would save us, from my opinion?
Probably a clean independent investigation into the foundation dealings over the years, seeing clearly what is still happening there in terms of assets and most important EGLD owned besides others tokens.
A larger board and advisors in place, around 5 board with 5 advisors (community included that will have visibility into the real stuff happening there and be able to avoid any potential conflicts, rather than nobody seeing anything)
In any case, ignore everything from above, what do I even know myself ;)
@MelegaRolf I understand your perspective and I agree with you. But as I said in previous posts I take the risk. My Crypto portfolio is made up of BTC and ETH anyway, I don't worry! Good luck with your investments π«‘
@MelegaRolf My honest opinion is that EGLD is in a difficult situation from a financial point of view. It is a major risk asset, but it can generate surprises in the near future, which is why I have bet on it not even 10% of my portfolio!
Now that Battle Of Nodes is over, I can say it was decently fun, you could find good stuff if you mix @claudeai with @OpenAI and ofc your own knowledge/ideas of the protocol sensible entry points π
Let's hope the last Critical I just submitted few minutes ago won't be a good one so we can go ahead and launch it sooner π
Let's pray to gods that @AdrianDobrita will throw it to the ποΈ as invalid for the sake of the launch π