What gives this coin value?
As far as I can tell the company is already established and profitable. By owning the coin you do not own the company or have a share in any of its profits. The only benefit I can see from ownership of this coin (and minimum 1000 coins at that) is full access to their platform. What does full access give me? The ability to transfer crypto for fiat (and possibly earn interest on crypto??). At what rates will crypto be exchanged for fiat? I do not know. Can I withdraw the fiat? I assume so but I am not sure. To withdraw the fiat from crypto account, the verification requirements of the country you are a citizen of come into play.
So basically, big picture as I see it, I cannot see what gives this coin value (ie. why would people be wanting to buy it off me and why wouldn't I want to sell it).
Can someone please elaborate on these thoughts??
Thankyou,
masimc2.