[ANN][AIRDROP][PRESALE][XDM] Dark Matter - Inflation Sucks

[sheridannye]

Day 3 Auction Update

OK, so it's the end of Day 3.

Average Viable Bid Price
Day_1      30 ION/XDM
Day_2      35 ION/XDM
Day_3      48 ION/XDM.

The Day 3 price is 37% higher than the Day 2 price.
and 60% higher than the Day 1 price.


Lowest Viable Bid
Day_1      7 ION/XDM
Day_2      12 ION/XDM
Day_3      25 ION/XDM

That means new bids would have to come in above 25 to score some Dark Matter. And any existing bids below 25 wouldn't get filled.


Perspective on Order Size

Looking at the Order Book, I see another way to analyze this. The "average" isn't necessarily the most informative number. Instead we can look at the "mode" or the bid price that's most frequent. At the moment, the biggest bid size comes in at 25 ION/XDM. No surprise: people want to get the most XDM for the least ION.

But here's what's also interesting: The bid for the next largest amount of Dark Matter is at 100 ION/XDM!

This is significant for a couple reasons. First, the price of when you bid 100, you have to pay 4x the amount you'd have to pay at 25. So it means people are putting up a lot of ION to make those bids, much more than they're putting at the 25 bid level.

Second, and more important, the cheaper bids keep getting bid up higher and higher, invalidating lower bids. If tomorrow is like the last three days, the 25 ION bids will be invalidated as people compete for the cheapest ION. But the 100 ION bids will still be on the books.

It could mean that some bidders have decided that they're willing to pay 100 ION/XDM and that they think the competitive process will eventually push it up that high, and they want to reserve a good spot. I mean, 5 masternodes worth of ION have been taken out of circulation to hold a bid that is way above the current minimum.

It might also mean that these bidders are not only willing to pay 100 ION/XDM, but that they expect the competitive process will push the price up that high.

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[Manuelbk]

i feel like this coin will have a high price but wont be easy to sell due to low volume

[korvas128]

i feel like this coin will have a high price but wont be easy to sell due to low volume

I don't think this will be a problem as you would be selling the genesis token.

XDM usage will reduce its already small supply so, in theory, it's value will increase. I say theory as nothing like this has happened before.

I'm struggling to figure out XDM value as all my data points are tied around inflationary assets and XDM is a totally different beast.

One thing I'm sure about is XDM will see usage. If your a game dev irrelevant of size XDM is your ticket to the benefits of blockchain integration.

FYI. http://gamegrid.network/unity/

[sheridannye]

Day 4 Auction Update

Average Viable Bid Price
Day_1      30 ION/XDM
Day_2      35 ION/XDM
Day_3      48 ION/XDM
Day_4      52 ION/XDM

The Day 4 price is 73% higher than the Day 1 price.


Lowest Viable Bid
Day_1      7 ION/XDM
Day_2      12 ION/XDM
Day_3      25 ION/XDM
Day_4      28 ION/XDM

Basically, any bids of 27 or below won't get filled at this point.


It's useful to think of Dark Matter as a Store of Value asset. By contrast, ION is more like a currency. ION is cheap and easy to move and the price is elastic with supply and demand.

If ION is more like a checking account, or more like cash, XDM is more like a savings account, or more like digital gold. It's expensive to move, but it's built to be a great way to store the wealth you've accumulated. If you're just looking for a quick flip, this might not be the asset for you. If you're serious about protecting your wealth, the design suits your purposes.

I find XDM attractive because I have a long horizon. I can see game developers spending a lot of Dark Matter to generate new tokens for in-game assets and in-game currencies. I can imagine lots of gamers holding and trading collectibles. I can see graphic designers creating and selling custom gaming assets.

Picture a gamer who owns the sword that pierced the eye of the Night King. That's a sword worth keeping! And since the history can be kept alive on the blockchain, it might be worth a lot on the market, too. There are just so many ways that gamers and game developers could use tokens.

I envision large scale adoption of Dark Matter over time. It will be adopted both as a store of value asset and as a gaming token. The utility will drive scarcity through burning fees, and it will also drive demand as more game developers seek to create new tokens. To me it seems like a brilliant buy-and-hold play.

[sheridannye]

Day 5 Auction Update

Average Viable Bid Price
Day_1      30 ION/XDM
Day_2      35 ION/XDM
Day_3      48 ION/XDM
Day_4      52 ION/XDM
Day_5      42 ION/XDM



Lowest Viable Bid
Day_1      7 ION/XDM
Day_2      12 ION/XDM
Day_3      25 ION/XDM
Day_4      28 ION/XDM
Day_4      31 ION/XDM

Basically, any new bids of 31 or below won't get filled at this point.

It looks like a lot of the higher bids at 100 ION/XDM and 200 ION/XDM got pulled. That brought the average bid down a bit. But the minimum viable bid rose by almost 25%.

The bulk of the real competition is clustered between 31 and 51.

Golden Hour starts tomorrow, Saturday, 10 am Central US time.

[sheridannye]

Day 6 Auction Update (Before the Golden Hour)

Average Viable Bid
Day_1      30 ION/XDM
Day_2      35 ION/XDM
Day_3      48 ION/XDM
Day_4      52 ION/XDM
Day_5      42 ION/XDM
Day_6      54 ION/XDM


Lowest Viable Bid
Day_1      7 ION/XDM
Day_2      12 ION/XDM
Day_3      25 ION/XDM
Day_4      28 ION/XDM
Day_5      31 ION/XDM
Day_6      49 ION/XDM

[sheridannye]

Round 1 is over.

Price Discovery Result:
Volume: 49,8745.24 ION
Amount Sold: 7,100 XDM
Average Price: 70.25 ION/XDM


@ionomics posted:

https://twitter.com/ionomics/status/1132322546626506753: