Seems like the scaling peg did not work in this case. A higher peg would have held the price up better instead of scaling it down, acting as a wall if you think about it. Who wants to raise the price of EUPH over 500 sat when that is the value at the website?
Meanwhile I still hold 70k that I bought after launch at 200sat. Wish I would have spent them when the peg was higher.
we did have the peg at 1500 sats at one point but we can't keep it at 1500 sat if the price of the coin is 200 sat. I mean think about it, people have placed a lot of orders with us and the losses would be massive. As the price rises so will the price peg again.