and this is why ETN is not on more exchange:
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2 hours ago Updated
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Currently, we are listed with Cryptopia while we negotiate and consider which other exchange options are best suited to our business.
Understanding that our community are keen to have greater choice, we wanted to share some of the thinking behind our current situation.
Moments like this are very polarising, so, consider this. If you believe in ETN and all that it stands for, you would expect your goals to align with the company – that is to maximize our route to success.
Our strategy is to help our value increase at a steady rate, in line with our achievements, considering the major news we announced regarding the deal we have done with Xius; being listed on more exchanges could have been a poisoned challis!
Having pricing stability has 2 major advantages.
First, it demonstrates to commercial partners just how strong the level of belief and support across our community is – this creates comfort and stability.
Second, steady growth in value also means that our adoption as a payment provider will happen much faster.
There was a bit more written about that. Here it is in full-Currently, we are listed with Cryptopia while we negotiate and consider which other exchange options are best suited to our business.
Understanding that our community are keen to have greater choice, we wanted to share some of the thinking behind our current situation.
Moments like this are very polarising, so, consider this. If you believe in ETN and all that it stands for, you would expect your goals to align with the company – that is to maximize our route to success.
Our strategy is to help our value increase at a steady rate, in line with our achievements, considering the major news we announced regarding the deal we have done with Xius; being listed on more exchanges could have been a poisoned challis!
Having pricing stability has 2 major advantages.
First, it demonstrates to commercial partners just how strong the level of belief and support across our community is – this creates comfort and stability.
Second, steady growth in value also means that our adoption as a payment provider will happen much faster.
A sharp rise, or fall, in value may be desirable for some who wish to pump and dump, but it is a significant deterrent for the very valuable partners we are targeting.
Engaging these partners and continuing to announce major progress while keeping the exchange situation on a steady keel will reap rewards for those who hold.
While profit is important, it should not be the driving factor of the success of this project.
We are building a business of substance for the long term, a business that not only delivers profitable returns but truly makes a difference.
Moving too fast, too soon, poses potential complications to our plans, so we are adopting a more stealth-like approach, progressing our listings strategy with care in order to maximize the impact and suitability of each new agreement.
ETN aims to build the user base and expedite our mass market goals, taking a careful approach to raising the coin value which, we believe, at this early stage, is a positive stepping stone to greater things.
Holding for the bigger win is a potentially more profitable play for investors, who stand to benefit more from the impact of future commercial announcements and the deployment of the deals in our pipeline.
For those who came in to simply monetize their investment, the principal actually remains much the same – holding while we build and reinforce our foundations raises the potential gain for all.
