Although most in the crypto outer space know of the tokens being sent to Buterin and the subsequent billion-dollar contribution made to an indian COVID stand-in fund, not a lot is known of how the founder was able to sell the tokens. At this point, Shiba Inu was still a relatively hidden cryptocurrency and was not listed on as many exchanges as it is now. The best manner was to use a decentralized exchange. Related Reading | The Stats Are In, Here’s The World’s Most Pro-Dogecoin Country
Buterin recently opened up about his interaction with the cryptocurrency and how selling it took jumping through so many hoops. He had been mail trillions of tokens in the transaction, which came out to about half of the circulate. In the end, he had been able to sell the tokens for a couple of billion dollars. He recounts how he was able to do this on a late podcast episode of UpOnly Podcast.
Selling Shiba Inu Made Me Feel Like James Bond
Recounting the elaborate process that it took to dump his Shiba Inu holdings, Ethereum founder Vitalik Buterin painted a picture that spanned across two countries and a new laptop to execute. first, the individual keys to the wallet where the coins had been sent to were not entirely with Buterin. While he had a part of the keys with him, he explained that he had left the other character of the keys with his class in Canada. He then had to call up his class to send him their part of the private keys to him.
SHIB falls to $0.00002 | Source: SHIBUSD on TradingView.com
following, Buterin had purchased a $ 300 laptop from prey to be used entirely for this transaction. He far went on to download a QR code-generating program, which he had to scan with his earphone and then replicate to the laptop, which he then put into a etherscan.io/push Tx. After everything, he was finally able to complete the transaction and move out the tokens.
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After the hale transaction was completed, Buterin had then immediately disconnected laptop from the internet .
Buterin described the whole process as being akin to a James Bond movie. He said the experience was both chilling and fun given that it was more money than he had ever had. “ It was chilling and involved a operation that would credibly make a good diagram for a James Bond movie finally, ” Buterin said .
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