Are there clowns at the controls?
QB.COM offers a CLOAK trading contest with a >>Minimum price to be traded: $4 USDDT at rate<< while the current price is $0.20 on livecoin and stex the only two other exchanges "100% operational" but where KYC is required (anonymous currency?!) trading and distribution of CLOAK for mass adoption. Did you notice that there is a problem there ?! it's equivalent on qb.com of +12.000$ in USDT to start the contest. Do you really think you can make volume with this rotten strategy?
i agree with your post. it's true and logical. at $4 imposed by qb.com exchange there will be zero volume because nobody will buy for $4.00 since the real price is $0.20. after qb.com will be able to delist Cloak very quickly and you will have lost the registration fees that they will not refund you. marketing strategy is not very coherent here.
https://notice.qb.com/detail/?noticeId=269 Yes it's a waste of time/energy and financing to get CLOAK adopted like this with the constraints imposed by QB.COM
Should focus on Claok's Decentralized exchange DEX to appear in the next wallet and devote the marketing, advertising, conference budgeter here.
But risk of liquidity problem especially if KYC is imposed (Know your customer rules= photo I.D capture, proof of address snapshot, bank statement). It's up to everyone to see. If KYC is not imposed in DEX, there is a strong chance of success, but the SEC Securities and Exchange Commission will not fail to impose sanctions if this is the case.