Thanks for the answers, so far. But how on earth can it be that these Exchanges end up with almost exact the same prices for coins, where there is nothing implemented (like interfaces) to automatically sync these prices?? How can that be?
I have notices that a (random) coin can have a different price depending the Exchange it is traded on. Take, for example, XRP. It is traded on a number of exchanges and the price is different per exchange. The difference is small, but still it's a difference.
Is the price of a coin not synced between Exchanges? If not, how does this system work? How come that the difference is still small although not synced. And, how do I make sure I trade on the Exchange which is offering the best price?
Maybe stupid questions but would like to understand how this works.
How is this EDO token gaining value? This ICO is only about the release of a multi-cryptocurrency wallet with an integrated Exchange (for ETH tokens). So, not very different from WAVES with their embedded DEX exchange in their wallet (website and soon mobile. Waves app with exchange is currently in pilot).
So, I guess the value of the EDO is determined basis the usage of the integrated Exchange. Probably, EDO has to be paid (as a fee) for every transaction made on the integrated exchange.
I understand the money-making (EDO coin value) concept but how is it different from WAVES? And, why is the start-price for the token so incredible expensive? 130 tokens for 1 ETH?! Today, that's around $2.15 per EDO coin! Why is that? Today the coin is of zero value, not being used and the multi-cryptocurrency wallet with an integrated Exchange has not even proven itself today. I believe $0.01 per EDO coin would have been more appropiated.
Anyways, just my view. I wish Eidoo and its investors all the success of the world.