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What makes you think Ethereum Foundation gave themselves the majority of Ether? I'm pretty sure it was 15% but I might be wrong
by almostkorean 5y ago
What makes you think Ethereum Foundation gave themselves the majority of Ether? I'm pretty sure it was 15% but I might be wrong
- sva_ 5y agohttps://etherscan.io/stat/supply https://etherscan.io/stat/supply 72 million Ether were premined
- TacticalCoder 5y agoOut of which 12 millions went to the Ethereum foundation. The other 60 millions were given to people who crowdfunded the project (and they did it using BTC). The ETH supply has more or less doubled since now. The Ethereum foundation holds today about 10% of all Ethereum and as far as I know they are "locked" in a smart contract. One can criticize Ethereum and crypto as much as he wants, Vitalik Buterin (the creator of Ethereum) seems someone to be driven by something he believes in and not by money. If you read his blog posts / Twitter feed / comments on issues / EIP etc. the dude is relentless.
- CryptoPunk 5y agoThe EF only received 3.5 million ETH initially: https://i.ibb.co/54sS0NY/FFi-K9m-CVg-AETZNA-format-png-name-small.png https://i.ibb.co/54sS0NY/FFi-K9m-CVg-AETZNA-format-png-name-... It holds 350K ETH at this point, or 0.3% of the ETH supply: https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e4...