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.
I hate it when HitBTC is doing this
Its the same with Tezos, they are trading it for months now but the tokens arent on market yet
. They made an arrangement with Paragon with this but it would be better if they just waited when everyone got there tokens.