@Admins - Can you tell us whether the team

Question

Moonbeam & Moonriver Official

Komikill

@Admins - Can you tell us whether the team

has stopped selling MOVR to buy KSM, now that they have secured the next slot they needed?

#blockchain #cryptocurrency #english #moonbeam

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12.03.2022

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turrizt |NEVER DM YOU FIRST · Accepted Answer

The Foundation may liquidate MOVR from time to time to be able to pay expenses that cannot be paid in MOVR. Liquidations could cover expenses ranging from service contracts that require stablecoin payments to accumulating KSM for parachain sustainability purposes as described above. When undertaking these activities the Foundation will strictly adhere to the following Structured Selling Guidelines: The seller only makes offers above market price, and doesn’t sell into bids. Daily sales remain materially below a fixed amount set based on medium term volumes, and with the constraint of remaining below 5% of estimated real market volume on any given day.

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