HitBTC price just dropped to 60 cent$ per token, while it was 90 cents $ when i checked yesterday. Is this the pre sale people taking their profits?
As far as I know nobody has tokens yet. HitBTC has future contracts, they trade not the tokens themselves, but the rights to buy the tokens in the future.
In finance, a futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future.I wonder how they are going to enforce the transfer of the actual tokens though. Maybe the futures are trading lower because of that uncertainty.
Hitbtc doing this all the times. I don't know how but it always ends up highly manipulated market which never represents the actual worth of token.