Most participating coins are being dumped and developers will dump the participating coins from ITO, so future revenue for Blocknet is under pressure and will continue to be under pressure.
This is untrue. Developers are not dumping coins from the ITO. All coins from the ITO are to be held by the BLOCKnet and the expenditure of those coins are to be made transparent. Participating coins' market prices are likely falling as holders who were unable to use CoinGateway to buy BLOCK at a 10% discount are forced to sell their participating coins to get BTC to buy BLOCK.
This is just another clone of SC wallet,nothing new.
The wallet is indeed just a fork of some other coin. But that is irrelevant because the wallet only serves as a place to store the BLOCKs while the tech is being developed to exchange them for NHZ assets.
Sell orders below 25k, this doesn't look very good together with most participating coins being dumped.
The BLOCKnet team tried to get Poloniex to close their live market, but apparently they did not listen and there is very little that can be done about that. People are either trying to use this as an opportunity to take make a small profit on the 10% discount they received when buying coins at CoinGateway or as an opportunity to exit their position in a participating coin without having to dump down the market price of their coin.
And as I said above, I would suspect that the market price of coins participating in BLOCKnet are falling a bit today due to holders cashing out for BTC to buy BLOCK after the 10% discounted coins sold out so rapidly.
