Price is up. Volume is over a quarter of a mil. Something IS going on as volume has been only a few hundred or a few thousand for well over a year.
Have you guys seen the market cap of tether over the past few months? It's really taking off. Also Maidsafe is doing really well. The assets on the Omni layer are huge and getting bigger all the time. Most recently, this:
https://www.bitfinex.com/posts/129:
I don't have any inside information, but I think this is what happened:
1) Bitfinex realized they needed a token, and looked around to see what protocol would be best
2) Due to existing exchange infrastructure, it's really easy to add bitcoin-based tokens like Omni, and our system is already well-proven
3) Ethereum-based tokens, let's face it, are a little scary right now to the public, even though I'm sure they are safe if set up correctly
4) So it's either Omni or Counterparty. What would you choose? (I'm restraining myself heavily right now from talking about their history . . .)
Correct me if I am wrong, but the new issue value is
$62 million. That makes it the most valuable token ahead of Maidsafe. Just because it is '
debt' rather than 'equity' doesn't reduce the net value of the asset.
We now have:
BFX - $62M
Maidsafe - $42M
Synereo - $20.5M
Tether - $7M
Agoras Tokens - $6MClearly, if you have a multimillion dollar debt or equity issue to be made, Omni is the platform that can handle it.
It does appear to be an interesting first to do a 'debt issue'. Typically, debt is issued as bonds. This lays groundwork for a special new kind of crypto-token having new performance characteristics.
All done first here on Omni.