UAT decreases its market cap

[alttry2019]

Hi boys and girls,'

Do you know UltrAlpha digital asset service platform? It was run by traders from Wall Street.

Its market cap just shrink to 350M from 500M, because team decided to permanently lock 30% of the total token.

I think the token price will increase very soon. Give some time to market to digest.

What do you think?

Best

[rosezionjohn]

I do not see any information on CMC.

Anyway, how do you expect the price increase because of a token lock up? Gone are the days where people gets hype over a reduced circulating supply. What makes this token special?

[casperBGD]

if the information was that they decided to burn tokens, that would help to increase the price, just locking in could not raise the price without new developments on the project, since these tokens are still in the total number of tokens

[drumamat]

The project is really promising,but 30% of blocked tokens are just a piece of guarantee for investors who become more insured against mass token sale.

[Denreal]

if the information was that they decided to burn tokens, that would help to increase the price, just locking in could not raise the price without new developments on the project, since these tokens are still in the total number of tokens

A token that is locked up can be unlocked at any time. The best precision and trustworthy step would have actually been the burning.
Well, this might make the price to increase, but I do not see much increase, expect there is a major update.
So, burning should be accompanied by a good and strong news.

[jossiel]

I can't find viable information about them, they are listed on coinmarketcap but they cater no data so I guess that this is just a new project that came in to the market.

Their website: https://ultralpha.io/#/home

which I think that's still on process of putting the best that they can. There's also a note at the top of the page and that's the complain that they've done about locking the tokens.

And about that, read their statement why they did that: NEWS | UltrAlpha Announcement of Permanent Lock-up of 150 Million UAT (30% of Total Supply)

[torpedo]

I haven’t about this token that much. Personally, I believe that the price will be reduced as reducing the volume by 30% is a huge margin in comparison and will have a lot of effect on the overall cost of any coin. Let’s see what happens with this one. Can you please share any reference link to this particular coin? So that those who don’t know can read about it.

[NoirSuccubus]

Let’s see. This is a news of interest as decreasing the token to that much margin will definitely have an impact on the price of the token overall. Let’s just wait and see what happens with the token and how it affects the market.