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XDN DigitalNote CO Final Round

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7 comments

According to XDN ICCO Plan, the price per lot (100,000 XDN) in the first round was (0.6 BTC), which raised a total of 5.4 BTC for the sale of 9 lots. The price in the second round was (0.7 BTC) per lot, which ended today without achieving any sales, and now the price in the final round has increased to (0.8 BTC) per lot. However, XDN developers mentioned last week that they were working on creating new selling channels such Changelly to hopefully increase sales, but yet there are no updates on that.

XDN price is stable around 130 – 140 these days, after taking the hit towards 110 – 120. The risk of the locked coins (1.25 billion XDN) to re-enter the market next week is still the biggest concern for the digital currency holders as this will increase the supply and push the price lower. After the significant rise of DigitalNote in the first week of the ICCO campaign, XDN price achieved all time high 350 satoshi and then started to lose its value based on the confusion that buyers wanted to get the digital currency cheaper on XDN CO (starting at 156 per xdn). But the price voting on the last day of the IC window changed the price to 600 per XDN instead of 156.

As stated in previous articles, XDNCO needed to sell at least 500 lots per day since the beginning of the campaign in order to succeed. Now with one week left, it is not realistic to think that it is possible to sell at least 1,785 lots per day (1,428 BTC). Whether XDN developers will create new selling channels or extend the campaign, there is still so much work needed to fix what went wrong with it. Therefore, we believe that what matters now is POST-CO.

XDN POST-CO

The campaign should end next Friday 30 June 2017. With over 1.25 Billion XDN locked in the CO wallet, it is expected that XDN will take a big hit once these coins re-enter the market and that will push the price to the bottom, possibly even lower than 70. But this should not be the end since XDN Developers are working according to the published RoadMap, the digital currency should recover well with the implementation of the new developments such as the Mobile Messenger 3.0, the Database Blockchain Storage, and the E-Commerce Payment Solutions. The long term stability is then looking forward to Proof of Activity, the extra layer of security, scalability and resistance for XDN blockchain that will be implemented in Q2 next year. So overall, XDN will suffer in the short term because of ICCO, but will soon start recovering and should look for stability at a higher value once these developments are delivered according to the RoadMap.

7 comments on “XDN DigitalNote CO Final Round”

    • WTF777
    • June 23, 2017
    Reply

    Why suffer like that? Wouldn’t it be better to keep the ICCO wallet intact, remove the time limit deadline, and let the market price catch up to the ICCO price. Just let the ICCO run until it sells out. The larger blocks purchased outside of the exchange markets are worth a small premium to the exchange pricing so the ICCO coin holders will get a premium for their efforts. It is very unlikely that the market price will rise above the ICCO price of 800 because investors will arbitrage it buy buying the ICCO blocks and immediately reselling them into the market thus insuring that the market price cannot stay above the ICCO price until the ICCO sells out.

    Extending the ICCO indefinitely until it sells out at 800 is a simple plan that rewards everyone and preserves the value of having the big blocks of coins available to large investors, while eliminating the downside risk to the market price.

    The 800 ICCO price might act like a strange attractor and pull the market price up.

    • WTF777
    • June 23, 2017
    Reply

    Let’s Vote to extend the ICCO indefinably until the coins sell out at 800 Satoshi’s.
    We are headed into the last week of the ICCO and we are price capped with significant downside risk because of the overhang of all the ICCO coins hitting the market after next week. So here is a simple plan. Just vote to keep the ICCO block of coins intact and remove the time limit. Just let them sell out as time goes on. Price will eventually catch up to the ICCO prices and the owners will get a small premium for waiting. That will remove the overhang and the downside risk and give the ICCO owners a chance to get an above market price for the trouble they took.
    Arbitrage effects will insure that the ICCO coins sell for more than market price so the ICCO holders are guaranteed a small premium, which they deserve for locking their coins up in first place.
    The only downside is that XDN will have a selling wall at 800 Satoshi’s for a while. Still I would rather have selling wall at 800 than the price cap and downside risk of ending the ICCO with no plan.
    If we just end the ICCO with no plan and send the coins back it is very risky. First we lose all the advantages of having big blocks available to larger investors (and inspite of the weak response to the ICCO that was a good idea). Second, if even 10% of those coins get dumped into the market the first day or two we could easily see the price drop all the way back to 20 satoshi’s for a period of time. That would harm the long term confidence in the project and help no one.

    • araujo
    • June 30, 2017
    Reply

    I just have to thank eXpresso. This is by publishing the information and updating. Since xdn does not give an update. And to congratulate the developers for complying with what was said, unfortunately the community thought only of them. And still keep thinking. On the 30th, probably the value of the currency falls or it may have a high erneme, I hope that this currency can show more commitment without external interference ^^

      • espresso
      • June 30, 2017
      Reply

      Thanks for your comment Araujo. XDN however is showing some resistance above 100 but it is probably going to make a dive under it once the locked coins returned to their owners and re-enter the market. But if we see new releases according to the RoadMap the currency will start the recovery. Unless something happens before that we do not know for sure.

        • araujo
        • June 30, 2017
        Reply

        We never know how things will go with xdn. But we know that we agree that at first it will not give an up lol

    • Cazuza
    • June 30, 2017
    Reply

    Wouldn’t it be a great idea for XDN to enter into other exchanges such as Poloniex.
    I believe prices for it would grow far beyond the ico price of 800

      • espresso
      • June 30, 2017
      Reply

      It definitely would. As far as I know the community is working on this to get it listed on more exchanges.

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