Available IOUs.
This was done with Ethercoin before Ethereum launched, was a decent indicator of demand - the price fell sharply on launch from the IOU high, but always remained well above ICO. So, this is all good news for LISK holders at this stage.
price is manipulated by controlled low supply of IOUs
I doubt too many people care about that. The world financial system is manipulated every single day, do you see many people worrying about that?
PS: Lisk got 2/3 of Ethereum marketcap or my calculations are incorrect?
yes people dont care as long they can make profit from intraday trades. But I think the one who is making the real profit here is the IOU provider.
About market cap it depends how you calculate it, do you take the supply of available Lisks from ICO or do you take the supply of available IOUs?
May be true, but however those who are buying & paying
A premium for Lisk are LESS likely to sell, depart, or dump.
Lisk if & when Market prices correct which means those
buying now will most LIKELY to *HODL* Lisk ...
Which in turn could be seen as a counterproductive
Mechanism against price suppression.
Everyone who is anyone contributed to lisk never seen Yobit coming...
Obviously Demand must've spoke loud enough for
Yobit to respond in the way they did & it shocked the whole
crypto community. in today's World where so many identify
wit problems only a few Will rise to the occasion to fix that problem.
** Is this the future trend for high in Demand ico coins**
Future trend of crypto 2.o - 3.o projects are:
● trade exchange participates in any new coin ico
●trade exchange knows there is 9/10 gonna be delayed
●trade exchange sees major Advantage creates IOUS
●trade exchange sells Token=asset of new coin thats delayed inexhange for the IOUS it creates
●trade exchange drives prices up giving strong indication of heavy demand for any new ico coin.
Peer2peer36o
