Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO]🇨 Crypterium - Digital Cryptobank with Credit Token & Open Platform🇨
by
FrankCastle1
on 05/04/2018, 23:13:41 UTC
Crypterium representative, please force HitBTC to lower the current amount only devidable by 100 CRPT tokens to 10 or even 1, it's not affordable that you can only trade in hunderds.

Sorry. We cannot determine any conditions for any token on HitBTC exchanges. They have their own requirements. Perhaps you should wait for a more personally suited exchange. Further exchanges will be announced soon!

I've bought 75 tokes as it was the minimum amount and I still can't trade them, 3 months after the ICO. HitBTC requires 100 tokes per trade, which I don't have, and it requires 46 withdraw fee, which is more than half of my total amount.

Not only that but nowhere on the official communication channels does it warn that if you deposit 75 tokens you can't do anything and you can only withdraw them, which will lose you 46.

If I didn't read about that policy here, I would have lost 46 tokens as I would have no other options. This sounds very fishy to me.

Hi. This is HitBTC's policy and requirement. Not Crypteriums.

I'm not implying that it's your policy. I'm implying that you're announcing an exchange with horrible trading conditions without sharing this information with your users. You are advertising an exchange that is not only not usable with your token, for the most part, but it could cause a considerate loss to anyone who tries to use it.

If I saw the exchange announcement mail, and I deposited my 75 crypterium, I would have lost 46 without anything I can do about it. Just based on the information from your mail, I would have lost 46. Does this sound to you like a good thing ? Do you think that this inspires confidence in your project, or makes the users trust you more ?


HitBTC is one of many exchanges that we are working with. A lot of the bigger exchanges require new tokens to be listed elsewhere first with good evidence of activities before they accept a new listing. Our listing is no different. Some others have long lead in periods due to listing backlogs. It is our intention to be listed on a wide range of exchanges as this is a very important part of our operating model since users of our platform need to own our token. But it must be a step by step controlled process. After the 1st listing others will soon follow so that we can naturally expand our platform user base. Our purpose for exchanges, is to be listed on as many as possible, in order to make the token more available. Our product depends on token availability. No single exchange makes or breaks a token. As for the current value, only the buyers and sellers control that and we also have no control over HitBTC fees. They choose to charge their traders what they choose to charge them. Simply put, the use of the application requires the tokens, so listing on several exchanges is a must. Reducing the number of tokens in conditions of stable or growing demand of them, will increase their cost.