2GT’s price is €0.05 in presale. Once it becomes listed in exchanges, price will fluctuate as the market wishes.
Does that mean that if the 2GT goes below presale initial price 2gether will sell it for market’s price or it will be always equal or more than €0.05? If the last, what’s the financial team thoughts about arbitrage (buying low in exchanges, selling instantly for EUR or cryptos higher in 2gether app)? If the first, how to sustain the company profitability in possible long periods of bear market? If the last, 2GT price in app will automatically increase and decrease based in exchanges until it bottoms, if it happens someday, €0.05 again? If the first, can investors be sure of never losing money in this design (once bought for €0.05 you can always go to the app to sell them regardless market's price)?
4 questions in 1 post. Thanks again, guys!
4 in 1, we'll try our best
:
The 2GT price will fluctuate and 2gether will not intervene to maintain the 0.05eur initial price.
The price of the 2GT in the app will reflect the price on exchanges, so arbitrage opportunities are likely to be low. If opportunities arise, 2gether could intervene and potentially make a profit which will be redistributed to our users in the form of 2GT's.
The "profitability" is achieved in the marketplace, data permissioning, etc. and not via the 2GT. I invite you to read our
tokenomics paper section "2GT Token usage" to understand how we'll redistribute the profit made by using the service. Our end game is to redistribute it all.
I hope these answers are helpful!
Another project that promised CryptoCard
How ICO many have already tried and failed to live up to their promises of an Cryptocurrency Debit Card
I suggest to everyone to wait for a legit review on their card before joining their ICO
Unlike some others, our crypto card is 100% functional now for all the open beta users. We’ve been active in Spain for the past few months with success, and we’re expanding into the Eurozone this Wednesday. We encourage you to sign up! Feel free to join our
telegram group to ask some of our Spain-based community members for their opinions. Also, here's a
twitter link to one of our user's photo of him using the card at McDonalds.
We also invite you to discover more about our strengths, advantages, and functionalities through our
whitepaper and
tokenomics paper.