Should we be worried that 2/3 of all BAT is controlled by the top 20 addresses?
"Only around 130 people were able to buy the tokens today, with five buyers scooping up about half of the supply. The top 20 addresses in the token sale control more than two-thirds of all BAT, according to Joseph Lee, founder Magnr bitcoin exchange, who conducted a post-sale analysis." Coindesk. Anyone of them can decide to dump!
Hey /r/bitcoinmarkets! We Are Magnr - Savings Accounts for Bitcoin
Click here to visit out website https://i.imgur.com/xPwY6Dl.png Magnr is brought to you by the same team behind BTC.sx, the secure bitcoin trading platform. By diversifying our product range, we are now able to utilise revenue from our trading platform and reward those who wish to save with us. After the fixed introductory rate, a variable interest rate will be used. This rate will vary according to trading activity on BTC.sx. Traders here might like to think of this as being similar to Bitfinex swaps. We are happy to take questions and will be doing a WhaleClub hangout shortly.
My review of Magnr and Bsave Bitcoin savings accounts
Thought I'd write something up for my experience at both of these savings accounts since one was really great and the other was not so great. I'm not affiliated with either of these companies in any way, just would like to share my experience for anyone who would think it's helpful. Magnr seems to be a well known and widely used savings account that promises a fixed rate of 1.28% paid out in monthly installments. I funded my account several times and had uncomfortably long wait times before the funds showed up. Their site says the earnings are accrued daily yet the amount to be paid balance stayed at a fixed amount not representing daily increases. This made it confusing on how much I was earning and when the periods started or began. They also stated that users should transfer funds out of their savings if any forks were to occur in order to receive the additional coins. Then they sent out a weird email saying new coins would be paid in the form of interest? In the end the amount of interest earned was completely obliterated by fees, not to mention the 24 hour hold time on any withdrawal requests. Maybe this would be good if you have over a full BTC and aren't going to look at it for more than a year, which does not fit my needs. I recently found out about Bsave.io and thought I would try it out with some Nice Hash earnings. My experience there was quite the opposite of Magnr, the interest earned ranges slightly from day to day, but is paid out every 24 hours in Bits. This was a really cool feature because the simple interface showed how much longer remained until the next payout, the estimated payout amount, and the historical payouts. The biggest drawback was the initial deposit had to be a minimum of .05 BTC which is decent a bit of change. I was earning about 5 bits every 24 hours for the .05 BTC I deposited which was about 5 cents a day or about 1.2%. My favorite things about Bsave were the consistency of the payouts and when it came to withdraw the BTC to Bittrex, it took just as long as from a normal wallet which says something about their trustworthiness. So in short I would recommend using Bsave.io if you want an easy way to generate interest on the coin you already plan to hold for a while. It's simple user interface shows real tangible earnings that make sense and if you ever need to pull it out, it's available right away.
Magnr was a multinational company that engages in bitcoin trading, savings and investment for digital currencies. The company operates across two verticals offering a bitcoin leveraged trading platform for retail traders and a bitcoin interest bearing savings account. It was founded in 2015 and is headquartered in London's Silicon Roundabout, the origin of its trading platform dates back to ... Magnr is one of the most secure and leading Bitcoin trading and investment platforms out there, and we are going to show you why and how to use it to make your Bitcoin work for you! Magnr currently offers Bitcoin holders two methods of growing their investments through their platform. If you are looking for a low risk, steady return on your Bitcoin, Magnr Savings provides a regular interest ... Magnr Review What is the Magnr? Name: Magnr Website address: magnr.com Price: $0 (There is no minimum amount to deposited.However, your account balance must be a minimum of 0.1 BTC to earn interest.) Status: Legitimate Overall Rank: 85 out of 100. Magnr (Great in the latin word) is a multinational company that engages in bitcoin trading, savings and investment for digital currencies. Magnr have managed to make to best platform of all Bitcoin Savings Account we have tested. They offer a good Bitcoin interest. The Magnr Trading Platform is excellent for beginners, because there is no other cryptocurrencies besides trading Bitcoin. So you can’t make buy/sell orders, which will lose all of your investment. This is in the same ... Magnr is a multinational company that engages in Bitcoin trading, savings and investment for digital currencies.The company operates across two verticals offering a Bitcoin leveraged trading platform for retail traders and a bitcoin interest bearing savings account.. It was founded in 2015 and is headquartered in London's Silicon Roundabout, the origin of its trading platform dates back to ...
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