Ninjastic
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Board Tokens (Altcoins)
Re: [ANN][ICO] HelloGold: Gold Backed Tokens from Live + Revenue Generating Business
by
quentin_HGFoundation
on 26/04/2018, 02:42:47 UTC
Quote from: GRR on April 25, 2018, 10:33:57 AM
Quote from: quentin_HGFoundation on April 25, 2018, 03:15:43 AM
Quote from: GRR on April 24, 2018, 01:57:36 PM
So why is this not recovering at all unlike every other coin in existence? Usually hints to some severe issues.

Clearly HGT has had very little visibility on the crypto market, and so has HelloGold... hence the weak price activity, and low volume also means higher exposure to price volatility... Having said that, I think the logic your pointing at isn't quite as true as one might think. We all know a quantity of tokens right now that are rising like mad, yet there is no actual business backing them, so I am not sure -given the rather irrational rationale behind crypto prices- that any project's value is correctly indicated by the price of the token..

Contrary to most of the current projects in the crypto space, HelloGold is already running a business with thousands of retail customers, and it's revenue stream isn't exclusively linked to the crypto world, which I believe is a good thing given the volatile nature of this environment right now.

But in any case you are right in pointing at the low traction that HGT currently has, this is actually the main concern our supporters are voicing on our Tekegram group (https://t.me/HelloGoldOfficial). It is something we are currently tackling, refocusing some of our resources to marketing in the crypto world (we've been busy focusing on retail customers for our core business so far) and working on some new feature for the HGT token...

All good things come to those who wait  Wink Wink

I don't have any other choice than waiting anyway, my HGT sits in my hardware wallet. Also: where are the thousands of customers? It is baffling that the price now is lower after the market increased 50% than at the point where BTC was 6500$. I hate to FUD my own coin, but this is sad.

I share your frustration regarding HGT price and it not bouncing back up with the rest of the market...we're definitely not on board of the hype train, yet.

The thousands (18,000+) of HelloGold's customers are in Malaysia at the moment, they are using our Mobile App to buy and sell gold. Soon we'll be extending operations in Thailand, and the Middle East is also a near target. As I said earlier HelloGold's effort has been directed towards retail customer acquisition, and clearly the crypto market -and the promotion of the HGT token- have not been the main focus.. I believe this will change in the coming weeks, the milestone token burn announcement is the first sign of that.

So keep those HGT warm in your wallet, and I I hope in a couple of months we can have another discussion about how good HGT is to you !!  Wink Smiley Smiley