How much is the coin trading on the market?
According to Coinmarketcap, the price was fluctuating between about 70 an 90 satoshi per XDN for the past couple of weeks and the trading volume has been at around $40-60K every 24 hours.
im not have more BTC can i buy a part of it ? like only 1m XDN ? im interesting to buy but not to buy all of 20M XDN
If you want to buy just 1m XDN you can easily do it on any exchange where XDN is being traded (hitbtc.com and poloniex.com). What we are doing here - is selling big stake at once, of the counter - here, so XDN price won't skyrocket - and then crash again, because that's what would happen if someone would buy such a big stake at once on some exchange.
I suggest to divide it just a abit, ok, not 20 1 million lots, but 10 2 million lots or 5 4 million lots. But 20mln is a very big amount.
Remember the idea of DigitalNote is a Libertarian economy, where everyone have an access to a XDN coin units.
The 6th perfect number - 8 589 869 056 is equal to the expected number of people living on Earth at the time of DigitalNote. Remember, 1-CPU-1-VOTE, 1-PERSON-1-DIGITALNOTE.
If we can make just a part of it, we will change things to go better
P.S. Also we should not be scary of small holdings imo, free market will make a decision, if someone wants to sell XDN there is someone who wants to buy, "and yet it moves"
Hello dNote!
Your argument is certainly sound - if the purpose was just to sell the XDN we have collected it would be much more logical to sell them in small stakes to allow more people to join the deal and avoid centralizing the holdings.
However, exchanging the DigitalNote into more liquid currency isn't the only goal we are pursuing here. We are looking for investors, people who are interested in the future of XDN and are willing to contribute to its development by putting their money in the hands of the Foundation. By selling the raised funds in large chunks we prevent simple profiteering and keep speculators outside of the deal, only letting large, engaged and involved investors to take part.
Such investors, as we expect, will not only be interested in not selling the XDN on the market outright and thus crashing the rate, but also will be committed enough to buy the stake at above-market price and therefore actually invest in the Foundation and its activities.
Then again, I'm not saying that we should dismiss small holders and trading for profit as something to be overlooked, we are just pursuing other kind of people at the moment. And we have already got a couple of them it seems - I'm currently communicating privately with several potential participants who have expressed their desire to join the auction. I will announce them a bit later, when they've made their deposits.