Look before you leap, ” says the Dutch proverb, and that holds true even more so for the exchange marts that had it’s own token to launch it. Thus, it is the BEST token of Bitpanda, is one of the most popular cryptobeurzen in the German-speaking market, and in a few weeks, the value had plummeted. Also, the market is in the cryptomunt has virtually ground to a halt, reports The is in is a critical piece of it. How can I solve this? Also, the situation of the Bitpanda is not an isolated case.
Contents
Bitpanda Ecosystem-Token (A)
The company is in Vienna, is active in a highly competitive international exchange market place. In addition to the more well-known cryptovaluta, they also offer gold and silver on. In order to raise capital, it has Bitpanda this summer, with a registered exchange offering (IEO) was made.
The Bitpanda Ecosystem-Token (A) token is $0.11 per piece offered for sale, which ran from 9 July to 6 August.
This was as much as $48 million to pick up, compared to €43.2 million. However, the market value has dropped to $ 35.4 million.
As well as the Binance Coin (BNB), the token is to be used for fees to the stock exchange to rely on. The perceived benefit of the token is covered in the practical point of view, rather disappointing, as it turns out.
In the exchange, it attracts fewer users, which means that both the volume and the price has been reduced.
Prijsdump
After the go-live of the exchange, a large proportion of the tokens in the stock market dumped, so the price is almost cut in half: with a sudden drop to a total of $0.063 per unit, well below its initial offering price.
The CEO’s (they have two, red and Eric Demuth, and Paul Klanschek have experienced a head-first slide.
Of the remaining, the BEST the token is in fact possible to trade in and out quickly. In the first week, there are approximately 2.2 million dollar trade and to a lesser days, dropped that number to $555.000, for example, the management admitted it in a blog post.
The result has been a dramatic decline in the daily trading volume of less than $50,000. An important reduction has a detrimental effect on the price of had. The tokenprijs recovered after the dump, to a total of $0,083, and is, at the time of this writing, is $0,072, which is a decline of 33% compared to the initial tokenprijs.
For a token, which is intended solely for the internal business operations and which are not quoted on any other stock exchanges, with a notable given.
Investors that sell, driving the price further into the ground. It’s honestly part of the rank and file, starts in the meantime to get upset with the vain hope of a recovery.
Bin schon über 2000€ with the BEST im minus !
— KryptoThor (@kryptothortie) August 26, 2019
Bitpanda as directors of all the available tokens of the fate of the BEST is in our own hands. They will face a strategic choice: to sell the bulk of their tokenbalans there for now, waiting for any prijsschok to the cause.
The whole of the sales process, it undermines the trust and confidence in the company, twitter is the pseudo-anonymous user’s Polophiker.
So, three hab ich that Schnautze voll von euch Luschen!!! Best, and Global Exchange, as well as euer brandneues “Ökosystem?” sind bisher sowas von gescheitert. Wie lange soll das noch so go? Das vertrauen geht genau so flöten, who tie Investment. Hauptsache Ihr Gierschlunde Gewinn
— Mirko mentzer (@Polophiker) August 24, 2019
Last week, the total volume of one of the BEST token $282.000. That is less than, for example, a ingesukkelde Reddcoin (RDD), which, in terms of weekvolume is still on top of the $300,000 in the sitting position.
Way
Bitpanda has one option: reduce the size of the stock, by means of a ‘burn in’, and the destruction of the tokens, and the like please note that over eating. This plan is in accordance with this proposal, however, the Austrians are in the pipeline.
Theoretically speaking, a smaller quantity of the price increase. But with regard to the monthly deflation rate is only 1.5%, it will take about two more years before the price is back at the level of the token, a sin offering has been.
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