Bcnex is proud to announce the BCNX Token Swap Event!
1. You can swap BCNX received from Earn Program for XRP with a ratio of 1:1 (1 BCNX =1 XRP)
2. Please take note that the Earning program will be closed after 3 days to prepare for the swap event and other events.
https://twitter.com/bcnex_net/status/1137960425897701376
in my opinion this is very good strategy because more people swap their tokens with XRP, more they will avoid dumps in market when platform has been launched because few people will hold BCNX
maybe team also plans to pay bounty participants with eth or btc
This is a very good strategy to keep the token from dumping since it will be held by few persons, though there's only an option to swap and some smart holders won't swap their Bcnex tokens for xrp. Please I would like to know the coin, because the ticker xrp is used by several projects.
Well, the price of 1 XRP is $0,39 while the ICO price was 1 BCNX = $0.15. So I'd say it's smart for everyone who has the possibility to swap their earned BCNX to do so. I don't think BCNX will be traded for more than $0,39 at the start.
Am certain the team knows why they're offering a seemingly better option for the swap, that's simply because they want it to be attractive to the participants, you'll agree with me that Bcnex has the potential to trade above 0.39$, if there are no dumpers and investors would likely not sell at a loss.
If 1BCN is $0.15 at ICO then I don't see how it can trade upto $0.39 for the start so a swap with XRP which is higher in worth is actually cool. That's almost thrice ICO price.