CoinMarketCap manipulations... thoughts?


#1

So these posts on CMC Manipulations where posted over at Medium the 20. March 2018.
Intro:


Part A1:

Part A2:

It’s about 1 hour read, if you go through everything.
But to summarise, it kinda goes down to this.
CMC could spend a day or two to correct all this, they have not.

ADA listing on CMC
Rank 6 — Cardano (ADA)
https://coinmarketcap.com/currencies/cardano/

Seems as if the Cardano team is having massive issues with getting CMC to update their circulating supply to show the correct information.

Circulating supply is shown as 25,927,070,538 ADA while the Cardano team has stated multiple times it is actually 31,112,484,646 ADA (https://www.cardanohub.org/en/genesis-block-distribution/).
This is a difference of over 5,000,000,000 ADA which is a value of about $1,000,000,000 USD.
Why is there such a discrepancy?
Well we assume because CMC has removed the Cardano Ecosystem Coins (5,185,414,108 ADA split for IOHK, Emurgo and the Cardano Foundation) from the total.
The move to do this by CMC seems fair at first glance (as the coins are pretty much now stationary until used), but how much ADA have those organisations used already and brought into the true circulating supply? Is it the entire 5,185,414,108 ADA allocated to them? Is it none of the amount allocated? A number in-between?
The community needs to know the exact number to make informed decisions based on your list. Looking at information online seems to point the finger at a total disregard for figuring out the true Circulating Supply by CMC and its team members.

…ooh, and Stellar (XLM) is supposedly boosted by 228,11%


CoinWatch.com Blackballing Cardano
#2

Thanks for bringing that to my attention. I was actually thinking about this scenario the other day. I will go through the resources provided.