Price is really bad the last few days and no more funds will be used to provide buy support for people to dump into.If people want to buy let them buy.If they want to sell let them sell and if they want to do nothing so be it.
Well it looks like from here on in the best way to proceed here is to leave the coin to the market to decide.Unfortunately that market lacks liquidity and any volume seen so far has been dumps into whatever buy orders are placed and as the price goes lower it seems people are only accumulating in order to get a slight increase and dump again for a small profit.Even though that is creating some volume it would eventually deplete price.
If the vast majority of xbc'ers dont want to buy and sell coins then what can be done about price or raisingfunds for maintainance and further development.There is less than .5 btc in the poloniex account and that will not last long after server fees and recent expenses due to an unforseen event having us to have block analysis carried out.
So you see basically after doing some developments so far it has made no difference to price and in fact caused some people to try to suppress the price further for some reason that is beyond us but there will be no intervention from now on even if volume is at zero and it is down to community and market to decide if they want this coin to do well on the exchange.
We will not exceed our remit with regards trading or market making activity and will no longer be continuing development until such funds are available to do so.It will be up to the coins own autonomous funding ability to provide such funds and the free markets ability to provide such liquidity in order to convert those funds so developments can take place.
Members will no longer be using their own funds to finance xbc in any shape or form and if a suitable lead developer is found he/she will only be able to work within those funding parameters.Also any new lead developer would be under no obligation whatsoever to do anything until funding is available from auto generation before any of his/her time is put to anything and it would be up to them what is completed.
Any developer who is successful would really be doing xbc a favour working within those parameters and in reality no amount of funding that could be raised at this rate could realistically cover his her time and effort so they would be basically working for free however maybe one day their stake as it grows would be worth something but at this rate of trading it does not look so hot.