It's good to see KMD slowly rising up again. Trading on Bittrex could push it up to 0.3$ and then Poloniex to 0.6$. After that, utilization of dPoW and killer dApps will skyrocket it far in the outer space. Am I just a dreamer or you guys also share this vision?
We are with you! There's also:
- altcoin generation platform (allows anyone to easily launch coins with specific configuration and features). We will do a white label GUI, a sponsorship program, and its thing will have its own landing page, among any other related things we come up with.
- PAX, Pegged Assets and later Pegged Asset eXchange, i.e. crypto forex. The KMD <-> PAX conversation is automatic, and to get any PAX asset you will have to deposit KMD into the PAX. That locks part of KMD supply away and increases demand. We will be talking a lot more about PAX in near future, and we have a whitepaper coming.
If theres an option to get KMD by swapping your BTCD and 1 BTCD = 50 KMD. Why do you think there will be a price change (up) for KMD/BTC pair on different exchanges atleast for one year? Even if poloniex adds it, do you really think that will change anything?
when there are two things traded in markets with a fixed relationship, it creates what is called an arbitrage.
So the BTCD will trade at its conversion value, which means as KMD price changes so will BTCD price.
However it wont be an exact price tracking, what will actually happen is similar to a damped harmonic oscillation, where the mean price will tend to converge to the theoretical conversion price, but it will usually trade at a premium or discount. Kind of like a stopped clock being right twice a day, but a bit more as there is a linkage of BTCD -> KMD.
However there isnt a reverse one, so while there is an arbitrage based floor to BTCD, there is not arbitrage based ceiling. This means that we can expect the oscillations on the high side to be a bit higher than on the low side