Subject: RKC - August 24 Updates
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Hello,
We have several updates for you about Royal Kingdom Coin.
First, sorry for the typo in the previous email from the marketing dept. We're not going to "shrink" the company. On the contrary, we are expanding the team right now thanks to your support.
Second, we are happy that our infrastructure seems to be working. We have successfully started trading on our platform - and while it's not perfect, we're glad that both the platform and the smart contract work fine.
Some contributors seemed to be upset about the price when the trading started. As we had said in the previous emails, this is natural and to be expected -- the price is supposed to be declining until we distribute the first premiums in January 2018. That's where people will recognize the real value and the price should start increasing at that point.
There are also two other reasons why the price was dropping in the first hours. First, because the supply went up when we redistributed the unbought coins. Second, because in the first days of VentureKingdom trading there were no buyers, only token holders, and some of them were so desperate to sell in the first seconds that they were moving their orders lower and lower, almost into zero, expecting someone to pick them up. Eventually, small amounts of RKC were bought at this low price, which got reflected in the chart. Now the price is slowly stabilizing and will stabilize more when we connect other exchanges and continue marketing RKC. So there is no reason to panic if you are a long term holder, whatever happens with the price until January.
We are still in progress of connecting other exchanges. While there is still no due date on Bittrex, we don't waste our time: yesterday, our coin became the winner of the C-CEX exchange 2-week voting period and is already listed there:
https://c-cex.com/?p=rkc-btc. More exchanges will follow very soon.
At the same time, we are continuing working on the projects to accumulate real value and profitability until January. As usual, we will update you with more news.
Best,
Royal Kingdom Enterprise Team
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