Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [FUTEREUM (FUTR)] [Ethereum Blockchain Derivatives Contract]
by
futereum
on 07/01/2018, 19:03:53 UTC
In regards to this PR: https://www.pr.com/press-release/740650

I read the following: "The launch of FUTR by the Futereum Foundation pushed the Ethereum price over the $1000-point for the first time in history."

How do you explain that this announcement is what drove ETH price from about 900 USD to 100+ USD?

Looking at the Futereum ERC20 token page, there isn't much there to support such a claim: https://etherscan.io/token/0xc83355ef25a104938275b46cffd94bf9917d0691

agree, pretty big claim without prove... 8.86 ETH in your smart contract.
@TE please explain how this should be related to your launch...

Hi there - we looked into this. It appears what the PR meant was that with ETH going up so much and now well in excess of $1,000 that this could not be a better time for the release of an ETH derivative. Sorry for any confusion in this respect.

To give you a better understanding of how ETH affects the FUTR price though, if you look at the WP you will notice that it was written at the time ETH was $750. With the price where it is now, the price of FUTR has doubled by Level 2 compared with the former Level 1 price. So in other words, ETH may have gone up just 30% or so, but the FUTR is already well beyond that increase and in Level 2 all things being equal it is double that.

The $1,000+ ETH price is really a big deal for FUTR either way.