The recent decline in price is due to Poloniex. I put in a Support ticket 6 weeks ago about withdrawal issues for my Dnotes coins and I still have not heard from them. I could not withdraw my Dnotes from Poloniex so I sold them for BTC and withdrew the BTC. The fact that I have had no response from Poloniex is very disheartening. I'm sure many other Dnotes holders have tried to withdraw Dnotes but have not been able to, so instead of waiting for days, months or maybe never they are selling at record lows just to get some value for their coins. It really sucks that one exchanges incompetence, and lack of customer support can create a chain reaction to all the other exchanges and then everyone follow suit and basically dump the coins for pennies on the dollar. Dnotes 2.0 will not increase the price until Poloniex releases the coins. Until then Dnotes will even lower in price. Let's hope Poloniex fixes this problem before they alone kill Dnotes.
The recent decline in price is due to Poloniex. I put in a Support ticket 6 weeks ago about withdrawal issues for my Dnotes coins and I still have not heard from them. I could not withdraw my Dnotes from Poloniex so I sold them for BTC and withdrew the BTC. The fact that I have had no response from Poloniex is very disheartening. I'm sure many other Dnotes holders have tried to withdraw Dnotes but have not been able to, so instead of waiting for days, months or maybe never they are selling at record lows just to get some value for their coins. It really sucks that one exchanges incompetence, and lack of customer support can create a chain reaction to all the other exchanges and then everyone follow suit and basically dump the coins for pennies on the dollar. Dnotes 2.0 will not increase the price until Poloniex releases the coins. Until then Dnotes will even lower in price. Let's hope Poloniex fixes this problem before they alone kill Dnotes.
I agree. The oversupply of DNotes at PoloniEx coupled with the impaired withdrawal will certainly kill DNotes.
With the withdrawal being impaired at PoloniEx for Dnotes, it is certainly difficulty and almost impossible for us to transfer Dnotes from our PoloniEx balance to the DNotesVault. I am speculating that PoloniEx may not be interested in resolving the issue because of low transaction.
I have been postponing my deposit of BTC to PoloniEx to buy DNotes because of this issue.
Hopefully, this problem can be looked at more urgently with the advent of DNotes 2.0.