The price of the LTX token seems not to have experienced the expected development, we all know that the current price is still below the previous ico sale price, so many investors still keep it, is it possible that a dump price like this is caused by bounty participants, current market price developments very drastic but not yet affected by LTX hopefully in the near future to follow it
Hey, that is definitely not the case, because bounty rewards were distributed ~10 days after the trading started.
Here is a really detailed article full with information regarding the tech and also why price likely went down:
https://bitcoingarden.org/lattice-exchange-automated-market-making-and-the-future-of-defi/For everyone who's interested but overwhelmed by the length of the text, tl;dr version according to my opinion after giving them a glance:
Tl;dr:
Price drop triggered by two events:
1. A domino effect after last "clash" with Hoo, which created a price drop, which leads to being delisted by bitmax for failing to meet their criteria (price fell below ieo price in 72hr), that followed by delisting by bithumb, creating a rather scarcity of reliable exchange.
2. Whales initiate a sell-off (well, they're already profited, so why not?) that followed by FOMO from other small holders.