I have just looked on c-cex trades history and noticed the following: among all other sell orders there is at least one sell of 530,000 coins - in a single sell order!!! Those coins were dumped at 51 satoshi.
Now the question comes: who except the Devs themselves could have such amount for sale at such price? Does the dev team sell their premine now? Is it self-trading? Is it dump? Please explain.
We paid a few bills with 1 Million coin to a few people, so someone sold that. We dont sell anymore. We sold a few times but not recently and it was only a test. We will not sell any coin via exchange, PERIOD at all. We only buy. Coin will be sold via fantasy sites, or as currency to pay for services and we did use 3M to three dif people for services and and few ICO buyers that bought coin. We will also sell to casinos that get set up w the coin as their initial block, but afterwards, purchases by players will actually hit the live markets, which is wha t we want, buyers into the exchange.
I definitely appreciate your decision to not sell on exchanges. Actually if you are going to develop this business, it would be stupid to sell the coins now at those prices and waste the premine that way.
There is one more unclear thing still though... I still want to understand what could make someone sell big amounts of coins at those prices. If one got the coins for free, it is ok for him to sell at any price. But if someone bought them on ICO (pretty expensively!!), or got paid by those coins for real services he provided, he should not be inclined to sell then at such loss. So no sane ICO buyer would dump now, unless he badly needs funds right now. And people who got paid for services by NLC, might dump only if they got paid using favorable exchange rates.
Here comes the question: when you pay bills by the NLC coins, or sell the coins to casinos, which NLC/USD or NLC/BTC exchange rate do you base on?
I just want us to understand whats causing this. Small dumps are ok and welcome, but such big sells are concerning, as their reasons are not clear. Sorry for all those concerns, I really like the project, but premine amount is frightening, and there is no transparency, meaning no announced address for the premine, no sheet published with spendings (both planned ones and already executed ones). I believe this project could become very big, if you take it serious. And adding transparency could calm existing investors, and attract new ones.