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DarkClaw

Supply increasing by ~3 million CHI soon

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Poloniex has officially said "Note: customers who held HUC during the XAYA snapshot last year will be credited XAYA airdrop tokens for withdrawal in the near future - more details coming soon."

So, will most of these coins get dumped? Is the current dump by people who are anticipating this?

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I'm not sure there is 3 million.

The coins have already been distributed and propbably it's those who dumped recently :D

It's probable that poloniex works like most other exchanges in that coins deposited are swapped to a cold storage address.. i'm guess that is the biggest number on the huc distribuytion list, i think was 500k...
only guessing tho

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Posted (edited)
1 hour ago, snailbrain said:

I'm not sure there is 3 million.

The coins have already been distributed and propbably it's those who dumped recently :D

It's probable that poloniex works like most other exchanges in that coins deposited are swapped to a cold storage address.. i'm guess that is the biggest number on the huc distribuytion list, i think was 500k...
only guessing tho

Hmm... I got 3 million chi by assuming the majority of the ones that hadn't moved were stored on poloniex.

That would work out to ~12 million huc, which does seem high. At block 1.68 Million there would be ~16.8 million HUC. So 3/4 of it would need to be on poloniex.I see that block was mined at 2017-04-05 16:19:31. I assume that is UTC.

I actually have the order book from 2017-04-05 16:18:47 and the asks sum to:  4,928,730.49836103.

I'm actually not sure about daylight savings and timezones here... an hour later the sum was: 4,597,915.51620152.

So at least 4.5-5 million HUC were stored at Poloniex, corresponding to at least 1 million CHI.

Edited by DarkClaw

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