How much is the coin trading on the market?
According to Coinmarketcap, the price was fluctuating between about 70 an 90 satoshi per XDN for the past couple of weeks and the trading volume has been at around $40-60K every 24 hours.
im not have more BTC can i buy a part of it ? like only 1m XDN ? im interesting to buy but not to buy all of 20M XDN
If you want to buy just 1m XDN you can easily do it on any exchange where XDN is being traded (hitbtc.com and poloniex.com). What we are doing here - is selling big stake at once, of the counter - here, so XDN price won't skyrocket - and then crash again, because that's what would happen if someone would buy such a big stake at once on some exchange.
I suggest to divide it just a abit, ok, not 20 1 million lots, but 10 2 million lots or 5 4 million lots. But 20mln is a very big amount.
Remember the idea of DigitalNote is a Libertarian economy, where everyone have an access to a XDN coin units.
The 6th perfect number - 8 589 869 056 is equal to the expected number of people living on Earth at the time of DigitalNote. Remember, 1-CPU-1-VOTE, 1-PERSON-1-DIGITALNOTE.
If we can make just a part of it, we will change things to go better
P.S. Also we should not be scary of small holdings imo, free market will make a decision, if someone wants to sell XDN there is someone who wants to buy, "and yet it moves"
I wanted to add to my previous statement: after having a discussion with our team we have actually decided to move a bit towards the direction that you have suggested. We have a second lot of 30 million XDN that we plan to put up for an auction after this one ends. But instead of auctioning the whole 30M we will divide it up into three smaller parts: 12M, 10M and 8M respectively and put them up separately. We feel that this is the best way to compromise between what we're trying to achieve and the philosophical points that you've outlined in your post.
Hi all. I'd like to make a bid for 1M of the 20M XDN available. Let me know if the process for "registering" is exactly the same or what I need to do to place a bid. Good on you guys for redoing the original auction to make it fair. I'd like to say I'm heavily involved/supportive of XDN but I actually wasn't aware of the past auction. I spoke with Brian Gerald recently (a member of XDN Foundation) and I am very excited to get more involved and to help any way that I can. These ducks be growin' quick, cheers!
Hello! If you check one of my posts above, you'll see that we are against dividing our lots into really small pieces, due to reasons that I have previously explained. So, unfortunately, we won't be able to sell just 1M XDN.
What I would suggest to you is:
1. Buying the 8M lot, which will be the smallest and the last one to be auctioned off. To register for an auction you would have to follow the instructions I have outlined in the OP: deposit 1 BTC to the Foundation's official wallet and PM me with a link to the transaction and a statement of your willingness to take part in the auction.
2. Just buy a 1M stake on any of the available exchanges: that way you will profit anyway, because right now XDN is heavily undervalued and will be growing in the nearest future.