Is it true that Japanese has 95% of ADA


#1

I am a holder of ADA.
and Korean.
I have a question.
Where did you get ADA? from presale or exchange market?
I heard Japanese has 95% of ADA.
but just 2% of Ada is traded on the market. and 70% of them on Upbit(Korea)
So curious why Japanese doesn’t sell ADA.
Why there is no market listed ADA in Japan yet.
Please Let me know your opinion.


#2

My ADA was purchased off an exchange.

The Japanese people are born holders, two decades of low-interest rates could not move them, in Cardano for the generational wealth.


Cardano and market caps in general
#3

#4

If they move to sell ADA, what will happen to the market and price? This point is very serious to ADA holders.


#5

No its not serious. Its a joke what you say… Did you think WHERE is the ada from exchanges coming from? :kissing_heart:


#6

I bought my ADA on Exchange, I bought some at a high price and lost some Value in the last Crypto Dip, I have bought some more since to increase my holdings, if it is true only 2% of the presale is traded than I can only hope that number increases, I hope some whales dump and it is distributed to more people - and I will pick up more on a sell off, and if it goes to next to Zero i will buy as many as I can, as to why they do not sell I do not know - some of them have I think, I think some of the presale holders sell a little bit all the time, but I do not know how to look that info up myself, I didn’t know there was not a market in Japan, not really relevant though as there are multiple channels to sell on other exchanges, I have high hopes that 10 billion + coins get dumped in panic for some unknown reason and ADA goes cheaper than Doge, that would make me a very happy person, it would be very Wow to buy ADA at $0.007.
I will buy ADA in small increments until it reaches $20 and then I will start trading what I earn from staking.

I just hope the buyers of the presale begin to distribute more coins.


#7

The original distribution to Japanese investors and to the oversight corps amounts to about 70% of total ADA there will ever be. So, yes, I think a huge majority is “locked” by those early distributions. But to what extent, I can’t say.


#8

I am Japanese ADA holder. I bought my ADA in presale. I think the reason many Japanese holders do not sell ADA is that many of us strongly believe the value of ADA will increase so high due to its technical capabilities. I would rather hold my ADA coins than exchanging them to JPY or to other coins.


#9

Yes that’s right, you need to stake first - http://adafans.io/adafans-io-staking-pool/