hes a prince , and needs a transaction fee in return
you will get 10m, all for the knock down price of 19.99 lols
j/k
Don't do this on my thread, please!
You can hardly blame him.
The business I find myself doesn't work that way, see this guy the owner of ETH
https://cryptoslate.com/vitalik-buterin-fiat-holdings-analysis-of-ethereum-founders-net-worth/
That guy can't withdraw his whole reserve, this is something similar to what is before me.
So you're saying that you're a part of a cryptocurrency project, and that your ownership of a vested percentage of total supply equates to $100M on paper?
First up, if you were in that situation you wouldn't be bouncing around IM forums asking for advice about it. There are literally hundreds of crypto-centric legal forums and accounting agencies that would provide you professional advice, and like any team that manages a cryptocurrency you would be asking for advice there - not here.
Secondly, and looking at your story from the hypothetical scenario that it's actually legitimate, you don't actually have $100M at all - it's not how that works.
On paper you might have 200,000,000 of your own tokens that currently have a market price of $0.50, but you would NEVER be able to yield $100M in USD from that even if you didn't have it vested and could sell all of them right now.
In fact you would get a tiny fraction of that, because not only would that kind of a sale lead to a collapse of the value of your token, but also the cumulative return of selling it could only be $100M if there was $100M worth of demand for your token, which there wouldn't be or its price would be higher currently than $0.50.
Another pretty glaring flaw in this hypothetical story is that if your cryptocurrency is already worth a minimum of $100M, why would marketing at this point be so important? Do you know what it takes to create a $100M crypto.. if you're there already your growth is almost ensured without much effort.
Lastly, "the laws of supply and demand" would say that you withdrawing $2M from the $100M via selling off that amount of your cryptoasset would not lead to a crash in its price at all.
$100M is obviously not the total marketcap of your cryptocurrency in this wildly hypothetical scenario, otherwise you'd own every single token.. in fact for this to make any kind of sense, the total marketcap would have to be more than $1B.. ie. a project controlling more than 10% of total supply of a major cryptocurrency is not realistic.
So with that taken into account, why would selling $2M of your token (when the marketcap would have to be > $1B) be a problem? That's only 1/5th of a percentage of the marketcap after all.
I need very constructive suggestions. If you don't have any idea, please don't just say anything.
What you need is either a refurbished moral compass, or a little less time on your hands. There's definitely shenanigans going on.
