Huge XDN price volatility was predicted since the launch. XDN libertarian distribution model implies this, because it is ruled only by free market players. Everything is clear and predictable. We believe this is good for both traders and investors.
At the moment of writing this post we are on the 115745 block height
http://chainradar.com/xdn/block/115745 with
Total coins in network 6'837'832'626.20872800
That is 6'837'832'626.20872800/8 589 869 056 *100% = 79.603455904 % of Cataldi perfect number and XDN total supply.
But,
We are still on the 312.5 XDN block reward, while minimum XDN block reward = 150 XDN.
So we are still on the "main distribution" stage.
You can check
http://stat.darknote.cc/ - it is still in early alpha, with lots of things to do, don`t judge it now, but it already has the most advanced XDN stats.
According to that stats, the average XDN price for the whole period of trades =
On Poloniex: 0.00000024
On HitBTC: 0.00000027
Note 1:
XDN first year distribution, as well as a first year of trades is a topic of further research and Economics studies.
Note 2:
XDN`s model of libertarian distribution is working. As a proof you can find the year volume of traded XDN on both major exchanges and more importantly intra day trading and single trades volume.
Year volume on HitBTC = 19,123,760,100.00 XDN (at the time of measuring, beginning of April, 2015)
Year volume on Poloniex = 7,840,043,356.03 XDN (at the time of measuring, beginning of April, 2015)
Year volume sum on both major XDN exchanges = 26963803456.03
That is equal to ~ 4 times of each XDN coin unit traded during less one year of XDN "main distribution" stage.
And once again, we are still on the "main distribution" stage.
P.S. Current XDN price range is exactly the same as an average year price values.
P.P.S. And to be clear for everyone once again, we are still on the "main distribution" stage. some say, it is not even the beginning.
