If I have $500,000$ in this token can I sell them immediately and get ETH?

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/

and get money in eth same day?

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

As long as the tokens are in your possession and there is an active market for it then I don't see why not, you can sell any token you have in your wallet immediately if you want provided you have the gas fee to cover the transaction, however, depending on the volume, you can sell at market price and get your money or put a sell order.

if you want to sell it immediately P2P exchange will be easier, or maybe if not then better visit the market which has OPEN/USDT trading volume on Bilaxy with quite high volume currently around $477,539. then send USDT to the crypto market in your country exchange it with your country's currency pair and withdraw it to the Bank account. it depends on where you live, as not all exchanges support withdrawals using Bank Accounts.

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?

As I saw in CMC, Bilaxy exchange has a good percentage of volume, if you have that amount, you can choose the recent price sell order at the price of $0.5503, but if you're not in hurry and if you feel that project is good (which is I don't know technically) just put in a sell order in the highest bid and come back an after in a next few days while waiting your order to be executed.

If you will sell into Ethereum, that is better because you know at least this altcoin will not dump topo much not unlike the token that you wanted to sell. That's your call if you will sell them all and divert them into a coin that has less risk.

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

Highest volume is in bilaxy but it's just around $489k. The other volumes can be found in other exchange like Uniswap and other two exchanges. You can withdraw it anytime as long there's a sell order for that coin which seems it have. If I've got that amount, I'll spend my time selling it on the first exchange where it got the most volume and then the next one until I got my money on ETH or any valuable pair it got.

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

If there is still demand in the market, then you will always be able to sell it and get money on the same day, but if the demand is still very small, then you have to wait for an increase in the number of requests again the next day.

You can do this by sending it to an exchange where it is available. If you keep it in your wallet, you need to keep some fee, otherwise the sent process will not take place. As far as I checked on Coinmarketcap, I see that it is listed on bilaxy, hotbit and uniswap. By sending it to the highest trading volume, you can execute your transaction and use your money absolutely whenever you want.

Wow, it is very risky to buy that kind of coin with that huge amount.
Yes, you can convert your token into ETH in the exchange.
For the exchanges themselves, you can choose the lists as here:
https://coinmarketcap.com/currencies/open-governance-token/markets/
There are some ways to convert. If you choose UniSwap, you can trade Open into WETH or USDT because there is pairing.
You can also choose from Bilaxy, Hoo, and also Hotbit.
Double-check the trading volume, price, and other information as seen in the coin market cap feature.

Quote from: Luqman on June 13, 2021, 11:29:57 PM

Wow, it is very risky to buy that kind of coin with that huge amount.

It is risky but he doesn't have to buy but it's possibly that he just randomly bought that coin and saw that the value has grown. Something like this usually happens when someone invests and looking for a coin that no one is aware of. But I think he did it on a purpose of really investing on it and did well on it.

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

I bet you cant do that since its lack of liquidity on the market, but if you in rush i think you can dump the market but you will not receive that much.

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

depending on the volume of the coin. if the volume is sufficient, I think you can get it or close to that nominal. however, if the volume in the market is not that much, I'm not sure you can get it, because it depends on how big the wall on the sell menu is.

$500,000 trading volume on the coin is enough to hold such coin, but the coin is not popular and not trending at the moment, imo, it's would be good to sell off that coin and have a good quantity of Bnb and litecoin, these are only the available coin to receive a massive profits at the moment and are kind of cheap this period. What do you think?

LOL , if u sell everything , with low Market cap , i am not sure u will get 500k usd like u say , no one will tank the live price with huge amount. i even think if u send it to central exchange , the bots of that exchange will close their buy order . and the price going down with even no real trade.

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/
and get money in eth same day?

I don't find compare OPEN/ETH, Most pair USDT. you can't sell it immediately to ETH. In this case, you have to exchange to USDT first then USDT to ETH. Bilaxy exchange has a big volume, you can easily compare it fast without waiting for a long time, however, you should proof KYC. at least you have to go to uniswap but, you must prepare a higher fee.

You can sell immediately and convert your coin to the ethereum at the same day, hour or even minute at the time when you have exchanged it to the ethereum. The only problem is lack of liquidity and you must think about how to solve this problem when you wanna sell your coin. You must think the best strategy to get liquidity

Given that the value that you intend to transact is very high and market capitalization of the token is very less, I doubt that you would be able to sell it easily. Further, you would just plummet the token down by selling in such huge quantities. Hence, you would need to carefully dispose off your funds.

Also, there should be enough buy orders in the exchange in order to actually sell off your holdings.

500k worth of OPEN Token, thats a lot. I think bilaxy will ask for your KYC even ths Hoo. If you want to keep your privacy just go for Uniswap. Transaction might not be seemless but you get the idea of safer data. No idea about the project actually, is it owned or backed by a government?

1.9M of opendao. OP is unsure what to do. Did you invest to this project?

Of course you can if you have the right tokens and their contracts are the same on every exchange, because there are cases where the tokens can't be sold because their smart contracts have been replaced.
But if you look at the amount you say and the volume in the current marketcap, you can't get it instantly but you can try it to be sure.

Quote from: charlieargentina on June 13, 2021, 03:54:50 PM

Be reminded that you your sell order can only be executed if there is a buy order of more or same value that you've input. Otherwise, it will just wait until someone buys that coin having the particular amount where you'd sell it; it will be listed on sell book of the pair. You can instantly sell it though if there's a buy order on the pair. But it does not mean that you can sell all of those coin in one time. If that coin has very low volume, it's quite safe to say that it will be not easy to sell.

I juts checked the market cap of of this Open Governance Token, and according to Coinmarketcap, it is around $2 million. With such a small market cap, it will be near impossible to sell such a large quantity of tokens at once. Depending on the prevailing liquidity, it may take many weeks. If the demand is low, then there is a chance that the exchange rates can go down by up to 90% or more. And don't go by the daily volumes. In case of the smaller coins and tokens, they are almost always inflated. If the daily trade volume shows a total of $500,000, then in all probability the real number may be 1/10th or 1/20th of this amount.