Hey Nakodar, You can not buy CRPT tokens now, since it reached hard cap and there is no official way to buy till it hits the exchange. When it list on some exchange from there you can buy CRPT tokens. :)
Dear crypterium admin. Is there any plans in place set to help the value of the coin as it’s put on the exchange platforms? As it is the market is in a dip we need to float the coin on many exchanges and have concrete plans for the stability of the coin since it will enter during a very unstable market period.
Yes binance should be a must but it looks like the team has not thought about exchanges yet, all they say is February or March and no definite date. I hope and pray they sort it out quickly and nicely as it’s a great project and should be sold greatly
The sell volume is too low because the coin is not yet on any exchanges. As for me I think it’s a mistake to release the coin without hitting exchanges because the resultant fall in price due to low demand scares away potential buyers creating a vicious cycle which may end in reenforcing price lows.
South Korea News:
South Korea’s finance minister said the government has no plans to shut down cryptocurrency trading, affirming market speculation that authorities won’t go as far as China.
“Regulating exchanges is (the government)’s immediate task,” Kim said.
In case anyone might find it useful:
As a thought experiment, I tried to simulate a scenario that shows how the price of CRPT can start going up as soon as it's launched.
To simplify, let's assume there were only 10 CRPT in circulation.
Person X is the first one to use the App, and he/she buys a 1000$ pizza, the transaction fee is the CRPT equivalent of 0.5% of 1000 Dollars, therefore 5 Dollars.
Crypterium will take the CRPT equivalent of 5 Dollars from the user and burn it. Using the rough default current rate (0.0001 BTC = 1 CRPT), it will burn, very approxymately, 3.4 CRPT.
Now there are less CRPTs in circlulation, in fact, there are only 6.6 left, but those 6.6 CRPTs, are now demanded not only from person X, but from other 10 persons who are using the app and need fuel for the platform to operate. Notice, CRPT demand was created, and since the supply is limited (actually slowly decreasing) its price goes up, therefore, burning the CRPT equivalent of 5 Dollars (0.5% of 1000 dollars) will mean burning less and less CRPTs, because each CRPT will be worth more and more dollars.
Conclusion: The market price of a CRPT will be heavily dependant on the amount of transactions that will occur using the Crypterium platform + exchange hype. Users will never be disadvantaged by the price of CRPT increasing, because they will always pay just 0.5% transaction fee (for the on-the-spot crypto-to-fiat conversion). In my opinion it's a well-thought mechanism. It will take off well.
Circle, a cryptocurrency-focused financial-services firm, will announce today that it is buying crypto exchange Poloniex—a move that immediately makes Circle one of the largest and most influential companies in the industry. Fortune’s Robert Hackett profiles a company that hopes to leverage the technology behind Bitcoin to become the bank of the next century.