So, tell me, with the Xvs peeps selling off xvs

Question

So, tell me, with the Xvs peeps selling off xvs

to recover a loss and the treasury fund buying xvs to cover a loss, just how far off pure market manipulation are we? Ty

#blockchain #cryptocurrency #english #venus

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14.10.2021

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sean Histro (DM = blocked) Автор вопроса

🅳🅰️🅽🅽🆈 BD Lead |Vanguard Team Lead | Venus Protocol
What market manipulation? We are far from that. Th...

Simplistically, one pushes price down and the other up. I'm just wondering if there's been any consideration for this situation. We need updating on when this aspect of things will be finished so that the price of the coin has free movement without binance selling off to repay a loss and then venus buying to push price up. I'm not suggesting it's nefarious, necessarily, just that I can't see how this bidirectional movements encouraged by the two mentioned sides above doesn't manipulate the price. Now, whether that's the desire or not, that's another thing. I just can't see how this doesn't affect the price in the bidirectional manner I outlined. 🤔

0

15.10.2021

🅳🅰️🅽🅽🆈 BD Lead |Vanguard Team Lead | Venus Protocol · Accepted Answer

What market manipulation? We are far from that. There's a big difference between liquidating XVS to repay outstanding debts and manipulating the market. Also, doing a 15M$ Buyback of XVS to stimulate the price has nothing wrong at all, these XVS will be back into the distribution wallet and this is actually something done In the real world as well. The only difference is that in the real world, the companies keep the shares to pay bonuses to their executives instead of putting them back in the community hahaha.

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So, tell me, with the Xvs peeps selling off xvs

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