Wow, didn't think the price would be all the way back to $18.... and falling fast
Yeah, they need to get working on some news. Maybe an internal exchange, new loan packages... etc.
Internal exchange
Internal exchange
Internal exchangeI guess the Regal team needs to see that repeated over and over before they get a clue. This is insane. Bitconnect is smart, it has an
internal exchange and a trip switch to prevent massive sell-offs, which ensure Bitconnect will not have a massive downward swing in value.
Right now, Regal does NOT have an
internal exchange, which means they don't have a trip switch, which means shady people who want to sell off the coin en masse can drive the price of REC into the ground - which is exactly what's happening.
There's no excuse at this point for the Regal team to not have an
internal exchange. They shouldn't be partying it up all across the hemisphere, or doing useless hard forks. They should be focusing all their efforts first on an
internal exchange with a trip switch, then unlocking everyone who is still unlocked.
As of this moment, the price of REC continues on a downward spiral and will continue to do so until the Regal team decides to address those two issues (
internal exchange and unlocking of ICO investors). I can't even recommend my friends buy into Regal right now because the coin might not have value by the time the
internal exchange rolls around, which is said to be 2018. The way the trends are going, I don't even know if REC will be worth $5 by January 1st, 2018.
Let's face it, these are dark times for Regal. Either the price of Regal is an absolute steal and the coin will bounce back up, or things will continue on a downward trend. I personally grabbed a coin for cheap yesterday in anticipation of an upward swing in price, but it's up to the Regal team to show they're in this for the long run and fix the problems facing Regalcoin right now.
That begins with an
internal exchange to control price fluctuations.