You're right there is no market for it, I calculated the proposed average ICO price based on the total shares issued vs the amount of money raised. At that rate, it is approximately $1.93. But there is no telling where it will be when/if it hits the trading desks... But having a starting price of $78.91 per share... I'm not a crypto expert but... That would be REALLY good for any ICO buyers haha... Lucky them!
@pandaking , that small exchange who shall remain nameless, created their own market that's allowing users to trade Bancor IOU tokens. They aren't allowing you to deposit your BNT tokens.
Usually in most cases when an exchange makes an IOU token for an ICO/Crowdsale, they've bought into the original ICO and they are usually backing up each IOU share of the ICO on a 1 to 1 basis. The exchange didn't explicitly state what was backing up the IOU so that's another potential warning sign.
You're right there is no market for it, I calculated the proposed average ICO price based on the total shares issued vs the amount of money raised. At that rate, it is approximately $1.93. But there is no telling where it will be when/if it hits the trading desks... But having a starting price of $78.91 per share... I'm not a crypto expert but... That would be REALLY good for any ICO buyers haha... Lucky them!
SO where can I sell my BNT for $78 each?
@pandaking , that small exchange who shall remain nameless, created their own market that's allowing users to trade Bancor IOU tokens. They aren't allowing you to deposit your BNT tokens.
Usually in most cases when an exchange makes an IOU token for an ICO/Crowdsale, they've bought into the original ICO and they are usually backing up each IOU share of the ICO on a 1 to 1 basis. The exchange didn't explicitly state what was backing up the IOU so that's another potential warning sign.
[posted from @jesta 's https://beta.chainbb.com - a forum on top of the Steem blockchain]