/biz/ - Business & Finance

>Remove the XCM floor
No

enjoy ur bags xcm bagholder. Kevin needs the price floor so he can overreport the value of their xcm holdings to make the balance sheet of their business look good. There's no benefit of a price floor to holders, it's literally a spit in your face and an interest free loan to coinmetro

>>51073639
>balance sheet of their business look good.
look good to whom? the raise that they are not doing? lol think for one second

>>51073639
someone loaning them a couple mil is not gonna check the volume? lol sure

Did your last thread not get enough replies op?

>>51073693
>>51073664
There's no other reason to maintain the price floor, other than straight up stealing the money from investors short term. Why do you think no other project you have ever heard of has implemented this structure before?

>>51073956
xcm had a price floor since it's inception, this time people just didn't buy, it's not going below 0.60 and the company is not going to go away.
So either you buy the bottom or you wait until it's over 0.70 to buy

>>51073981
yea bro, just keep raising the price floor over and over till infinity
works until it doesn't, obviously.

>>51073981
People aren't buying because the token isn't worth anywhere near 60c, it's probably closer to 10-15c. Neither you or Kevin can give me a reason why the floor exists. It definitely doesn't benefit you, so it must be in his best interests, which is pretty clearly is.

Effectively your token is valued at $0 when at the price floor as it can't be sold for anything, not even floor price as noone is buying it. By giving it a price floor of 60c you're not protecting your investors and helping the token moon, you're basically raising the price where the token is worthless from 0 to 60c.

>>51074087
>the token isn't worth anywhere near 60c
The token is and has always been worth more. Even a year ago when cm was lacking in most important aspects.
> Neither you or Kevin can give me a reason why the floor exists.
Kevin gave you lots of good reasons https://youtu.be/hLcSr6Pzkpk?t=2593, but I will not, because there is no reason it should exist, much like you, I would also like to buy cheaper than what it's actually worth.

I'm just here to explain the state of things not to defend them, I'll openly critique the discussion.

>discussion
decision

>>51074207
>the token is and has always been worth more
Speculative bullshit, the volume is abysmally low and you're basing price determination off of what assblaster said almost 3 years ago

>>51073596
Why can't you sell this crap somewhere else? You can sell BNB on places other than Binance for example.

>>51074207
>to maintain value
Doesnt maintain value. The value of token holders tokens are -100% instead of -75%.
>Told his stakeholders to exit the buy side before retail
Nice
>Argues he has fiduciary responsibility to his stakeholders
He does, except he said it's not a security. Fiduciary responsibility does not apply to a utility token. He did this to ensure none of his stakeholders were left holding bags and angry at him at the expense of xcm baggies. This is, arguably, illegal.
>Letting a free market decide value of utility is insanity, like at a supermarket
This is how supermarkets work, in fact the entire world... Moot point and retarded analogy to defend a scam.

>>51073596
Holy fuck my sides just checked the Volume

The interview reminds me of the Celsius interviews. No real logical answer to the question. Shady stuff going down at coinmetro.

>>51074494
agree with most of your points.
>>51074340
>ou're basing price determination off of what assblaster said almost 3 years ago
No I'm basing it on where they are now, what their competition looks like and where they can be given adequate exposure. If you disagree that's totally understandable but you'd be wrong.

>>51074710
>where they are now
A sub-1mil volume exchange?
>what their competition looks like
Yes anon Binance and Coinbase having their highest volume in history definitely increases the value of XCM. Maybe you could make an argument about KuCoin, but it would still be speculative.
>where they can be given adequate exposure
Like I said, pure speculation.
>you'd be wrong
Explain to me why XCM's market cap should be higher than the yearly volume on the exchange Right Now.

>>51074710
They will remove the price floor as it's the only way to solve the issue, otherwise leave the price floor as is for 2 years until the bull run comes back. Nuking the book will not resolve the issue, if this occurs I will be up on the minute it happens to sell the max limit, and so will everyone. Nuking the book does not bring buyers into the market. The fact he believes this is even a solution is a statement to Kevin's incompetence, and how he is undermining the few clever people on his team who suggest against it. This exchange is going under.

>>51073596
>$194 mill market cap
>$2.4k daily volume
why did he raise the floor so god damn high?

>>51074772
>Explain to me why XCM's market cap should be higher than the yearly volume on the exchange Right Now.
Crypto companies going bankrupt left and right, huge hedge funds eating shit, L1s and bridges getting hacked, contracts exploited, big personalities getting arrested, ETH fucking up hard, regulations coming down like a hammer, meanwhile cm hiring, building, new listings new products new tokenomics, new xcm updates, well funded.
You're saying I'm speculating, but that's right now. If we really start to speculate then a higher price is much more justified, banking, tram, mars, apparently huge releases looming just over the horizon, if true we'll be getting all the things we wanted cm to be for years and more within just this one bear market. It's absolutely undervalued, without a doubt.
The only reason why holders ate shit was because there doesn't exist a huge community around it that will blindly pump the price even under real hostile actions as seen in CRO.
And even worse the community they do have has been historically absolutely retarded when it comes to valuing xcm price, remember when it was 0.01 and then everyone was surprised that price went up, no fucking shit line went up, It was criminal to have the coin value be that low, even 0.15 is retarded. You can see it even itt, people really think it's worth that much, by far the dumbest group of idiots in crypto. And once it's +$10 it's going to be the most obvious shit in the world all over again.
>>51074780
I don't think they will remove the floor, it will just stay like this or they better find a solution to get people to buy. Nothing is going under even if it stays like this.

>>51073730
There's more than one person thinking the floor is bad.

>>51074978
All the negativity is making me want to start moonboy posting and posting homoerotic Kevin posts while insisting every mistake they make is a good thing just to piss off all the losers in these threads.

>>51074978
Your token is currently worth $0 and you think it should be worth $10. The delusional community is here, but your price isn't pumping xcm baggie

>>51075079
Focus on your own happiness instead of the misery and anger of others.

>>51075172
>Le community is here
This is an anime website lmao

>>51075186
Why did you crop Ilya out of this picture? It is a very nice picture of Kuro and Ilya is only in it to provide cobtrast with Kuro but by removing this contrast you have taken away some of Kuro's charm

>>51075334
It's funny you say that, when I saw the image for the first time I thought Illya was a bit over the top.
Now as you may already understand, I'm biased towards Kuro, but the crown of flowers is too much.
And her face is a bit off, it's either the blush or the hard chin lines.
She just doesn't feel as real as Kuro does in this picture.
And of course the more Kuro in the picture, the better.

>>51075531
>It's funny you say that, when I saw the image for the first time I thought Illya was a bit over the top.
This is only because Kuro looks so much better while being adorned with relatively simple jewelry.. If you only saw the picture of Ilya I don't think you would feel this way.
>Now as you may already understand, I'm biased towards Kuro, but the crown of flowers is too much.
Flowers are cute and so is Ilya. She is a princess and deserves to wear a crown. The white flowers both symbolising her own purity and reminding us that she is the white part of her Yin and Yang like relationship with Kuro. Kuro seductively wearing thick rimmed black glasses serves the same purpose.
>And her face is a bit off, it's either the blush or the hard chin lines.
That is what I meant, the artist clearly didn't spend near as much time on Ilya in this picture. Part of the appeal of these two eleven year olds is of course the sharp contrast between Ilya being shy and Kuro being outgoing and in this picture of a more reserved Kuro Ilya seems to have lost a bit of herself.
>And of course the more Kuro in the picture, the better.
Kuro is a miracle of the universe but just as darkness can not exist without light Ilya and Kuro need each other to show off their unique attributes. Likewise without the existence of light skinned girls your conception of dark skin girls could not exist.

>>51075942
>If you only saw the picture of Ilya I don't think you would feel this way.
There is always the subjectivity of taste, however I really do enjoy the simple things and minimal looks relying on natural beauty.
In der Beschränkung zeigt sich erst der Meister.

I lack knowledge about their precise personalities and behaviours apart from which show from the pictures, as I haven't seen the anime.
So I'll take your word for the yin and yang part.
However
>the artist clearly didn't spend near as much time on Ilya in this picture.
Don't you agree that's a mean thing to do?
>Likewise without the existence of light skinned girls your conception of dark skin girls could not exist.
It's also clear that beauty cannot exist without ugliness.
Without contrast, everything would be a gray blob.
The true meaning behind the full picture may be too deep for me.
When you put it like that, it almost becomes melancholic and tragic.
It's a reality we cannot deny but perhaps I'd rather stay ignorant.
Blessed are the ignorant after all.

>>51073596
i usually go with medium rare, how about you?

>Part of the appeal of these two eleven year olds is of course the sharp contrast between
mft entering the twilight zone

>Part of the appeal of these two eleven year olds is of course the sharp contrast between
mfw entering the twilight zone