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.
Spending money on those horrific and illegal fees is like burning it. Money needs to be taken to good use, which is development. Neither Binance nor Bitfinex is top exchanges. >85% of the exchanges' volume is fake volume. They are neither regulated, performant, or feature-rich. It also makes no sense in splitting liquidity if an already illiquid asset.
The token price will be boosted if the utility token is used in services and products. The current price is only formed by hype, FOMO, greed, and criminal activities by certain market participants.
Again, listed on a regulated exchanged is free! Resources for the token price? It's a utility token and price is formed by its usage.
She would only have lost money if she sold the token. No money would have been lost until a trade is settled. The golden rule of investing: only invest money you can afford to lose.