Topic: [ANN] Beyond Protocol - Fabric of the New World - page 2. (Read 2997 times)
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(October 14, 2022) Tune into our weekly AMA on Twitter Spaces tomorrow at 2:30pm EDT to discuss all things Beyond Protocol and Web3.
https://twitter.com/beyondprotocol1/status/1581093949867163648
https://twitter.com/beyondprotocol1/status/1581093949867163648
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(October 7, 2022) Join us tomorrow at 2:30pm EDT for our weekly AMA. We'll be discussing the latest about the project and Web3.
https://twitter.com/beyondprotocol1/status/1578538817631399936
https://twitter.com/beyondprotocol1/status/1578538817631399936
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(September 29, 2022) Be sure to stop by our weekly AMA tomorrow on Twitter Spaces at 1pm EDT for the latest project developments and to discuss all things Web3.
https://twitter.com/i/spaces/1vOxwMLwPqmGB
https://twitter.com/i/spaces/1vOxwMLwPqmGB
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(September 24, 2022) Tune into our weekly AMA tomorrow at 1pm EDT on Twitter Spaces to learn more about our vision and what we've been up to.
https://twitter.com/beyondprotocol1/status/1573786711477391361
https://twitter.com/beyondprotocol1/status/1573786711477391361
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It is very unusual that a project that record an ath of around $61.79 (according to coingecko) is currently trading below $0.10. This will not spark any kind of confidence on the part of the investors, it is currently -100% from ath. But like you already stated above, that price was artificially pumped it seems or someone with a big bag decided to dump and crash the price.
However, since the team are not giving up and working hard to make the project work, perhaps there is hope investors will profit and can as well regain trust on this project.
However, since the team are not giving up and working hard to make the project work, perhaps there is hope investors will profit and can as well regain trust on this project.
Hey - check out this from Telegram which helps explains the ATH:
Q: Can you explain a little bit about price history, and why one might consider backing Beyond Protocol?
A: Beyond Protocol has been on the market for a short period of time. Data aggregators like Coinmarketcap and CoinGecko first start tracking Beyond Protocol's price at a time when it was listed on Uniswap with low liquidity and no tokens had been unlocked to pre-salers. In addition to macroeconomic conditions affecting the entire industry, the price has nearly exclusively moved around two unanticipated events not tied to the fundamentals of the project: i. a social engineering exploit where a bad actor seized and dumped Beyond Protocol tokens ii. an unlock to pre-salers which happened without the support of our tier-1 market maker and launch on a tier-1 exchange as planned (the exchange listing was delayed and the market maker was unable to provided support on the smaller footprint of exchanges BP listed on).
There are severals reasons to believe a more normative price will be realized overtime:
- The vast majority of the community is holding/staking their tokens; they are hold-term holders
- Beyond Protocol will list on several tier 1 exchanges in the short term with the support of WinterMute, its tier 1 market making partner, who is also an investor
- At mainnet, Beyond Protocol will facilitate transactions between a huge array of IOT devices, allowing them to communicate securely and cross-silo for the time
We are in the early innings of the first phase of the project.
With all that said, in our space, it is not uncommon for even bluechip, entrenched projects to see significant price action (see Example A below; Bitcoin loses 99 percent, 83 percent, etc.). The same of course holds true for the broader markets (see Example B below; Amazon from $113 to $6). We are focussed on building an enduring foundation on strong fundamentals, and we are confident normative value will be achieved.
The price of the token has fallen a lot since it was listed. What is the team doing to successfully launch mainnet? will there be new listings? Thanks for any answer.
Thanks for the questions! The CMC and CoinGecko chart of the price of the token will show a sharp decline -- they started tracking when the token was traded with low liquidity on Uniswap, before it was unlocked to pre-salers and listed on CEXes and right at the beginning of the bear market. The fully diluted market cap at the was $20B, an artificially high number.
On the latest weekly AMA, it was revealed that the team is targeting to make an announcement about the specifics surrounding mainnet in the next 1-2 weeks, and that a new partner will be included in the announcement. It was also discussed that the team will pursue a series of high-profile marketing activations following the announcement.
It is very unusual that a project that record an ath of around $61.79 (according to coingecko) is currently trading below $0.10. This will not spark any kind of confidence on the part of the investors, it is currently -100% from ath. But like you already stated above, that price was artificially pumped it seems or someone with a big bag decided to dump and crash the price.
However, since the team are not giving up and working hard to make the project work, perhaps there is hope investors will profit and can as well regain trust on this project.
(September 22, 2022) We are pleased to announce we have secured a $12.5 million investment commitment from GEM Digital to launch our technology publicly and to support the development of the Beyond Protocol ecosystem. We are excited to lay out our plans for mainnet publicly.
Late last year, we roadmapped mainnet for Q3 of this year. At the beginning of this year, we detailed what mainnet meant for us: it was going to be mainstream, building on top of our work to-date solving authentic, burning needs of high-profile parties to spread the good news about our breakthrough technology. Our objective was to attract as many developers as possible to start hacking and tinkering, writing the first lines of code for apps we can't yet imagine. In order to achieve this goal, we mentioned our plan to onboard resources ahead of mainnet, allowing us to transition from proof-of-concept phase to growth phase.
Shortly after we released our vision for mainnet, as macroeconomic conditions soured, the industry went through a series of challenges which resulted in the onset of a "winter." With capital rapidly retreating, conversation about early-stage projects turned existential: would they survive? In our case, we mentioned not only did we have the resources and willpower to survive the winter; we were hoping to stay as true to our roadmap as possible.
In our weekly AMA series, around two months ago, we began to open each session with a breakdown of where we stood relative to mainnet. We detailed the decision points which governed when it would launch: i. onboarding an institutional partner to fund our vision ii. technical readiness as it related to integrations with Tendermint/Ignite and Cosmos SDK (both of which have advanced significantly over the past year) and iii. the philosophy of product launch timing (this factor is less pragmatic and less prioritized than the former two). Most recently, we mentioned our plan would be comprehensive, allowing folks to get their hands on our tech as soon as possible to start building, while also providing for a comprehensive launch of the network, which would include the addition of new partners and tier-1 CEX listings.
With the release of our plans today, we are excited to begin the work scaling Beyond Protocol. Our technology is unique in that it can solve burning problems now. In the months ahead, we're looking forward to growing our community and, together, to begin building the fabric of the new world.
(September 17, 2022) Join us tomorrow on Twitter Spaces at 1pm EDT for our weekly AMA. We'll be discussing the latest and have a big week planned ahead!
https://twitter.com/beyondprotocol1/status/1571281888072835072
https://twitter.com/beyondprotocol1/status/1571281888072835072
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