The Post-Genesis State Of The Fei Protocol By Cointelegraph


Cointelegraph Consulting: The Post-Genesis State of the Fei Protocol

After the Fei Protocol failed to live up to expectations in early April, a lot of ink has been spilled on the doomed design of the FEI stablecoin and possible ways of recovery. Covalent’s latest findings in Cointelegraph Consulting’s bi-weekly newsletter add to the discussion by taking a closer look at how the Fei Protocol post-genesis drama unfolded, in numbers. Three weeks ago, the Fei Protocol raised 639,000 Ether (ETH) worth roughly $ 1.3 billion at the end of the genesis event. The data reveals that the event attracted 17,567 unique users, but turned out to be heavily dominated by whales. In fact, 241 addresses, each holding over $ 1 million, collectively contributed 63% of ETH’s total genesis value. Continue reading on Coin Telegraph

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.