Post
Topic
Board Securities
Re: [ANN][First Round Sold] Fuzon (FZN) - An Asset Built Upon Success
by
armin22
on 13/08/2014, 05:46:52 UTC
Announcements

We are now listed on Poloniex! https://www.poloniex.com/exchange/btc_fzn

Furthermore, we are opening up our second offering round. This round has been rushed forward for mainly two reasons that are listed below. As we have pushed this round forward, we will only be offering 15,000 FZN at a reasonable price that reflects the current valuation.

- We currently hold no BTC which is needed for 99% of altcoin trading, therefore I would need to drop 300,000 Nxt into the Bter books which would drastically hurt the price at this delicate time.
- First round investors are either not selling (causing the price to inflate) or they are capitalizing on their position (the lowest sell right now is 10 times their initial investment).

Time

11am UTC

Prices

Nxt AE (5000 FZN) 35 Nxt/ FZN
Poloniex (10,000 FZN) 0.0021 BTC/ FZN

Think you can drop the price down a little? Also, wouldn't you bringing in more "asset counts" into circulation drop the value down. The whole asses has a worth of around 39BTC, 20'000 "asset counts" mean 0.00195 per "asset count". This next public offering with 15'000 more and overall 67.5BTC value would bring price to around 0.00193BTC / 44.23NXT per coin.