And an issue that started this whole trains was a guy who sold 100,000 ECASH for .1 ETH. That crashed the market almost single handed.
That is sad news. But I hope they have a solid project and set BUY Walls for buy back but, how would this group or devs profit from this project? I hope this is not another case of pump and dump.
Im sure dev team is keeping small percentage of coins for their own incentives which is understandable. Someone sold 100k coins for .1 ETH.
If the dev was dumping 100k ecash for .1 eth that means he made $30
The going price last night was .20 cents per ecash. Meaning 100k sold would equal $20k.
$30 and $20,000. Big difference. What idiot would do that?
What idiot would create an app and amazing project just to dump 100k coins for $30.
15 mill token supply. At that price is $4500 for the whole supply.
This was a mistake by an amatuer trying to use ether delta. Ive done it myself. The exchange is not very user friendly and thats the reason why ECASH needs to be on more exchanges.
Thats why i tell people to use their own brains instead of reading posts on forums from disgruntled people.
I agree. It's quite ridiculous to sold huge amount for a small profit