Well after contemplating for a few days, I finally decided to buy 100 BCCX tokens for the price of about $5000 Canadian. Though I do think that the ICO price was a little high, I think there are some good reasons behind doing this. For one, it prevents the token for being pumped to the moon then dumped. If the token was .15, the opportunity for people to become whales would be much easier in turn leading to a greater chance for price manipulation. By increasing the barriers in to entry on this coin monetarily, this will in essence give the coin a greater opportunity to succeed and further more, retain its value.
Only time will tell if this was a great purchase or a terrible one. With the recent exchange shortage issues that have dominated the market, it is quite evident that their is an inherent need for more exchanges. I remember reading that some people were being offered .5 BTC for their binance account last week. With that being said, one of the best methodologies behind investing is to find something that solves a problem. What is the problem here? - a shortage of exchanges in market . What does BCCX do to reconcile this problem, it lends the opportunity to offer a high bandwidth exchange, with brand recognition, to fill the void that currently exist in the market.
Good luck!
thanks
you have read the posts about cease and desist orders from us states right? wasn't this proven to be a ponzi ?
lol, from Texas you mean? I am not from America and even so, BCCX is an exchange, not a lending platform. If I loose, oh well. Its the name of the game. There will be Millions of others loosing along with me. Sorry I don't up vote FUD.
hows that working out of ya buddy ?