Quote from: sammy007 on May 26, 2018, 11:04:59 PM

Quote from: kalunomics on May 26, 2018, 06:00:52 PM

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When people will learn, they don't give fuck to coin price, exchanges and promo. They already sold their premine at 2400 satoshi per shitcoin and now it's trading at 150 satoshi. In their best interest if this shit will just die and never appear in headlines. It's a russian ICO. Show me any russian ICO where "investors" don't cry?

How much percentage out of the circulating supply is the premine? I actually came here from a good review of the project I saw on YouTube sometimes back. I have forgotten about the coin but when it spiked 45%+ today in coinmarketcap, I have to come here to check things out with the intention of buying but man I must confess that my morale is down seeing all of these comments here. I just noticed that 96% of the trading volume is only at stocks.exchange - my worst exchange after Etherdelta. Grin

. Seems I have to check back when things are little better and whale holders gone.

I have no idea how much coins sold during ICO, I only know that ICO price was approximately $0.25 per GRFT vs current price $0.05 aka 5x under water due to tradeogre bullshit exchange listing. I would prefer it never listed there. They must list it on decent exchange like Binance and they also need fiat pairs with volume in order to go live, because merchants literally can't use this coin without cheap way to convert it to fiat. Hopefully they got enough funds to list it on decent exchanges, AFAIK binance listing will cost $2-3 million. But they need a fiat pair because for merchant immediate hedging to BTC will be inconvenient and pricey, sell BTC for fiat, then sell GRFT for BTC (assuming token is on binance), double fees will be up to 0.5%, depends on volume. Could be wrong here, no idea how their stuff with terminals will actually work. Also spreads, they literally need to list it on high volume exchange and set up a market maker trading bot.

Assuming you are correct and they use a customer-BTC-GRFT-merchant-GRFT-btc-fiat the fees would be high. At a certain price point the fees would be less than using cc. Just makes it inpactical to use for things like coffee, soda, etc. The price is not due to the TO listing but more connected to the price for PoW just as any other PoW coin is.