Post
Topic
Board Altcoin Discussion
Re: Do you know xCrypt IEO on IDAX?
by
dragonvslinux
on 16/06/2019, 10:32:51 UTC


I am actually supporting xCrypt right now on its ongoing crowdsale right on IDAX as an IEO. So why xCrypt? I find this platform to be one which is ready for the future and is claiming to also be legally compliant that is why it can take in STO projects soon. One of the most notable with xCrypt is its Hybrid Exchange which is not an ordinary compared to what we have in the market today. Just go ahead and do some research on xCrypt and decide based on those merits. Just be reminded that any project can go south as nothing is guaranteed.
I found out the price of XCT on forkdelta was cheaper than the IEO price -10000%. Really too cheap, why is it so low? Is there anything hidden behind the project?
Honestly, after the development team releases the token and it automatically appears on forkdelta,etherdelta does not bring any benefit. It is necessary to block the token somehow so that it does not trade on these platforms.

FYI it's already on forkdelta, despite tokens seemingly not being released (apart from any pre-sales/partnerships presumably):
https://forkdelta.app/#!/trade/0xb9d6ce05a2cdbc4572bafbef179cd37bdaabe942-ETH

It's not down -10000%, predominantly because it's not mathemtically possible. The most it could be down would be 100%. Therefore to debunk this myth, the price is currently 0.0000165 ETH, at todays value that's 0.0044 USD... which is around 90% down from the pre-sale value of 0.05 USD, or 95% down from the IEO price of 0.1 USD. Only yesterday it was selling at 0.00008 ETH (0.022 USD), which is nearly half the pre-sale value, so the price is incredibly volitile at the moment, probably due to low liquidity. I wouldn't concern yourselves too much with ed/fd prices, they can change dramatically overnight whenever liquid exchanges list the token.