That depends. You won't be able to make a quick buck on our project and technology, simply because we don't play this game and push against crypto speculators. On the other hand, RED has potential as an utility token for intra-community economy and incentive for FOSS contributors, so anyone who participates in our project in constructive manner will benefit from it, one way or another.
This is an interesting way of doing a project. It looks like the retro blockchain. However, there still needs some methods to maintain the token price to some extent to help contributors to get something real? Or tokens are only prize medals like early bitcoin.
On the token side, we'll have some announcements there soon as well, but not for exchanges or anything. What people need to realize is that we have no control over those listings, aside from paying more and more fees. That's not a good use of our resources.
We do appreciate everyone's patience. If you're not a tech or developer, all the work going into Red isn't as visible.
No one can say for sure, until regulations are passed. If crypto is to be taken seriously, and spread, there will have to be regulations.
That is true. However, regulations are very country dependent, some countries will never allow crypto exchanges, some countries may allow it very soon. So what is you guys plan for the token economics?
@siriusye Let me rephrase it. It's illega to take such ridiculous high feest to list an asset. Just look into the listing fees of stock exchanges and others. The fees are regulated! Example: Binance and other exchanges asked for millions to list an asset. A stock exchange's listing fee is about 300 EUR. They just charge for the paperwork and work need to get the asset listed.
Did your friend sell the tokens? If not she did not have a loss as she still has the tokens. There will only be a win or loss if that trade/exchange is settled.
Today, the SEC made its biggest announcement yet: all the crypto exchanges are illegal unless they register with the SEC.