Snov.io is now listed on CoinMarketCap guys
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
I can't understand why people selling under ICO price... I mean if I don't belive in I wouldn't invest into a Project. And in case I belive in there is no reason to sell with loss...
Exactly the current price is just $.003 that's around 70% below ICO price.
I'm guessing the ICO didn't sell out, which usually means there's more supply than demand.
Everyone who wanted to buy at ICO-price or higher already bought it at the ICO, and everyone who wanted to buy lower simply waits and puts an offer on the exchange after the listing.
Why people accept the offers? maybe they don't believe in the project anymore, maybe they misread the price by a decimal. maybe they saw the price was low and panicked, Maybe they're expecting another dip and want to buy back at a better rate, ...
plenty of possibilities.
People who wanted to support the project and invested for the HODL shouldn't be selling though.
I just learned about SNOV today btw (due to it's listing on coinmarketcap)
I think I'll buy some and gamble it's going to be at least a few cents in a couple of months.
Did the devs give a timetable of when they expect to burn through the tokens they hold, and start buying back from exchanges?