Hi all, just an update and a few comments about some posts made in the thread of late.
1. We have said we do not control the markets that is true, maybe we should have made it clear, we have no intention of manipulating the markets, as some would like us to do.
2. We prefer to see organic growth than spend money trying to manipulate the markets, we could do that and push the price up a little, then some will dump for a profit, and all for nothing other than to satisfy a small minority who want to see that happen. We appreciate all input from investors, but please understand, we are not here to bow to your commands or wishes, we have outlaid in our road-map and our White-Paper what our plans are and if you are not satisfied with how the coin is progressing then you always have the option to sell now, so we will not be entering into any debates about external markets. It is more important for us to maintain a large amount of seed money to pay the first few months of interest and referrals then to risk spending money on the coin to try and jack up the price, only to see it sold off again and be back to where we started.
3. With that said, we will control our internal markets on the site, and have circuit breakers in place should the price drop dramatically in a short period of time, that will trigger the circuit breaker and we will halt trading until we investigate the cause and effect. That is in place to protect Credence Coin and holders thereof. Should that ever happen the system will send you an automated email letting you know what is going on.
4. Our Coin Market Cap amount of circulating supply changed because initially it was not taken into account the 4M held for loans or the 1.8M burned coins sent to the non-spendable address.
So 9M pre-mine minus 5.8M = around 3.2M. That is why you see the supply as it is on coinmarket cap.com
5. We are very happy with how the coin has grown organically and we believe it will continue to do so, to be sitting on the top of the Trending charts for both major sites 2 days in a row after going onto markets gives us major exposure and people are now starting to see the value in Credence Coin and it is reflecting in the price. Yes there will be bumps along the way, but we believe we are on track for a continual rise as we get closer to release and there is limited coins on the market.
6. We are starting to receive several emails from companies wanting to promote us and even exchanges that had previously not replied. We hope to be on
www.coinexchange.io very soon but that is out of our control and up to them when they list us. We will let you know as soon as they do, but usually someone beats us to it.
7. From the development side of things, we are progressing and on track, and as mentioned many times, we do not have a set date yet for release, we hope to post some screens of our dashboard by Friday and the back-end work is continuing as you read this. November/December is our time-line on the White-paper and we cannot elaborate any further, other than to say what we tweeted, we will not release until we have conducted multiple test loans, deposits, withdrawals and security penetration testing.
Finally, we want to thank all the new comers to Credence Coin for jumping on board, and welcome them, but a big thank you to our original and early supporters, we hope we are meeting your expectations and we are doing everything we can to do so.
So once again, thank you to everyone who is on board with Credence Coin!
My proposal for listing credence coin at blockfolio app is already accepted. you can check the twitter response here:
thank you very much. credence coin is going to the moon!
