Ethereum Founder Sets Record Straight About Token Sales

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As a seasoned crypto investor with a keen interest in following the moves of key industry figures, I find Vitalik Buterin’s recent clarification about his token sales both reassuring and intriguing. Being in the game since the early days, I can attest to the fact that transparency is not always a given in this wild west of digital assets.

Recently, Vitalik Buterin, a co-founder of Ethereum, clarified some misconceptions surrounding his token sales.

The 30-year-old programmer claims that he is yet to sell any layer-2 tokens or other project tokens that he currently holds. However, he does not plan to invest in L2 or other token projects in the near future. 

In the previous week, a Canadian programmer made it clear that he himself hasn’t offloaded any Ether (ETH) since 2018, retaining the earnings from that timeframe.

The widely scrutinized sales were donations to various projects that the Ethereum co-founder views as valuable. Some of his financial contributions expand beyond the cryptocurrency ecosystem. For instance, Buterin is also interested in biomedical resource and technology development. 

Buterin has clarified that he only wants to support the things that he views as valuable. 

To clarify, he’s unwilling to put money into particular cryptocurrency initiatives, as he doesn’t want to give the impression of manipulating the Ethereum system to advantage specific tokens he owns.

As reported by U.Today, Buterin also recently clarified that his salary at the Ethereum Foundation currently stands at $139,500 per year. 

As an analyst, I can confirm that based on information from cryptocurrency intelligence firm Arkham Intelligence, my own Ethereum (ETH) holdings amount to approximately $564.63 million at the current market value.

Vitalik Buterin successfully persuaded the Ethereum Foundation to dispose of approximately 70,000 Ether during the peak of the 2017 cryptocurrency market surge.

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2024-09-06 11:28