Quote from: Zechis966 on November 13, 2017, 10:35:04 PM

Quote from: dkalustov on November 13, 2017, 09:10:52 PM

Hello Paragonians,

I read through this topic and would like to address several concerns.
1. Price of the token. It is uncommon to see extreme volatility shortly after a token is listed on exchanges. A lot of the time, various parties attempt to make money through trading these tokens - but with a catch. Trading bots will often place sequential sell orders below the market price in order to drive the price perception down - resulting in fear and panic selling. The same party can then acquire tokens for a much lesser amount in order to sell these later. If you will take closer look to the daily trading volume between 3 exchanges that currently listed PRG is just around 3 BTC.
Over 50,000 people backed this crowdsale, with tens of millions of tokens distributed. Very few tokens are currently being traded. We cant know all the of the reasons for sure, but some people are scared of trolls and FUD, some have personal reasons, some got tokens for the work they did if they value their work to a lesser extent, then its their right. Volume and spread affect the market prices directly. The more volume an exchange traded item has, the lower the spread will generally be. The spread is simply the difference between the sell price and the buying price. If, for example, there are 10 buyers who put an item up for sale on an exchange, and one of them drop their selling price to a significantly lower amount than the rest - the price on the exchange will go down as a result. When volumes increase, the spread generally decreases - but more importantly, more volume results in less opportunity for price manipulation by a small group.

2. Voting. Right now we have a basic version of the online platform. You can vote, check out a database of cannabis doctors, pre-order Paragon swag. While we understand that we're not a Louis Vuitton to create enough demand for our t-shirts to drive the demand for PRG tokens up, we encourage everyone to vote on the first location of our Paragon coworking space. I cant stress enough how important it is for our community to vote on the pivotal decisions for Paragons future growth and development.
Bringing the first Paragon Space to your city will mean:

1. New jobs created
2. More money to your citys economy
3. One of the first cities to have cannabis-specific co-working spaces
4. The first city to have a crypto-only co-working spaces
5. Support cannabis industry and young entrepreneurs/startups in this space

We don't make money from those votes. The tokens used for voting are burned. So Paragon does NOT profit from voting.

3. Scam allegations. ParagonCoin successfully finished the crowdsale nearly a month ago and yet we are still here, assisting each client to set up to wallet and get their tokens, launched MVP, burned unsold tokens, got listed on 3 exchanges and running the voting for the first ParagonSpace city we are ahead of schedule on our promises. When people say "ponzi scheme" I wonder if they know what actually "ponzi scheme" is. So just for the reference https://en.wikipedia.org/wiki/Ponzi_scheme
Paragon Team, website, whitepaper never suggested any get rich fast schemes, immediate price increase and/or quick profit.

Thank you, please feel free to join our telegram chat https://t.me/joinchat/Bvx800IXuCoe-QGoLXoVlQ or contact me directly @dkalustov.

Sadly I don't think this did anything to assuage anyone's fears...

So trading bots are the most likely reason for the price being crappy? Because people can't blame 'altcoins' when I have certain altcoins that are still at 3x from ICO and never dropped below 3x...having highs of 7x during the exact same period that PRG was in active and post ICO...

Who owns the coworking place?...as in who gets the most of the money? because it seems like people just bought the heads a space in prime real estate under the guise of hipster marijuana entrepreneurialism.

Everyone keeps touting how marijuana=medicine=therapy blah blah blah....and they donate 'profits' to schools and shit yet apply themselves 6-7 figure salaries...

If pot is really the hope stupid ass states like colorado say it is, then why is there so much greed involved? I almost laughed out loud when you say 'support cannabis entrepreneurs' lol..... more people getting rich off of something that everyone should be growing like they grow peppers/tomatoes annually.

Trading bot conspiracy or not...I'm out if/when it touches ICO price again.

I've watched the trading... if anything the bots are attempting to make the price seem higher than it really is. MY sense was this was the founders trying to sell for >30 cents a token.

I'd see 2k sell around 30 cents and then suddenly several buy orders of 3-5 tokens would happen implying the price was higher.

LdN