I don't see nothing special about this coin, I can't understand the price is so high. Can someone please explain what is so interesting about this coin?
For those new to this coin. Let me explain why CredenceCoin is KING among the Lending coins out there.
1. They created their own coin with an active blockchain to start. Before they SOLD one coin, they already had an active blockchain. No other lending coin has/had done this including Bitconnect.
2. They created their own wallet and sent your coins you purchased at the ICO directly to the wallet. They did not "store" your coins on their website, but in your own wallet. This is HUGE.
3. Immediate after you receive your coins you purchase, you can then STAKE them and receive more coins. They have a very generous 20% staking bonus a year. This encourages saving and storing your coin in your wallet.
4. After they had the ICO going for a while, instead of keeping it going they decided to close the ICO early and BURN the remaining supply of unsold coins. This is huge because they burned 1.8 Million coins leaving a very low supply of only 2.2 Million coins total on the open market. As you can see, smaller supply means more value per coin for those that purchased the coin.
5. The communication of the CredenceCoin team is second to NONE. They answer all questions posted on the boards and appear have no problems with English grammar. They answer in complete sentences and I can tell they speak native English as opposed to most of these other lending platforms can even spell check their own websites.
6. They don't give "pie in the sky" expectations to people about the coin. They are not saying their lending platform will offer the most "bang for your buck." They say they want the lending platform to be SUSTAINABLE which is and has been a primary concern with all these other lending coins. Other ones have these INSANE referral programs that cannot last. Even bitconnect is having to cut their referral program. All others will follow suit as well. CredenceCoin is the only Lending ICO without a referral program in place. This is AWESOME to say the least.
There are so many more reasons I could give. The price is going up because most smart people who purchased during the ICO are currently staking their coins and not putting them on the open market. By doing it this way, it will drive the price up so that when the lending program starts up, we will have 50X more to put into the lending program then it become operational allowing most smart investors to retire and earn a good passive income.
Quickly compare CredenceCoin to USI Tech's ICO. CredenceCoin outstanding coins: 2.2 Million. USI-Tech's outstanding coins: 500 Million. Need I say more? When I saw that number, I immediately left and will not go down that ICO road. Too many coins will flood the market and the price will dump. Fewer coins means GREATER gains.
Anybody else want to add to what I just said.
I agree with everything you said but I think you made an error, the circulating supply is 3.2 Million on CMC not 2.2 Million still a very small amount when you consider there was probably some big buyers at the ICO and when it first go then to the markets.
Me I just wish I bought more but like most people always weary and only willing to invest what I can afford to lose not that I expect to lose on this one I have already made a lot of money off of this coin but still I not selling.
