Nice article about ChainTrade and the CTT token:
https://atozforex.com/news/chaintrade-token-ctt-price-forecast/Chaintrade Token (CTT) price forecast
I was indeed wowed when I first read Chaintrade FintechEvents.Center ICO review. 2 trillion USD worth commodities are being traded every year via various commodities exchanges with massive transaction fees and large entrance gaps. Chaintrade meanwhile, wants to bring the commodities trading into the blockchain ecosystem. As the ICO is over now, I’d like to look into Chaintrade Token (CTT) price forecast. What can we expect from ChainTrade Tokens in the next 12 weeks?
17 December, Cryptocurrency news – ChainTrade ICO is now over and the results are quite impressive. The team have issued 42,034,200 ChainTrade Tokens (based on the ICO pricing this number is equivalent of 42,034 ETH).
Interview with ChainTrade CEO Vincent Jacques
I’ve managed to talk to ChainTrade CEO Vincent Jacques briefly about the Chaintrade ICO results:
JM: Vincent, I saw great results with the ChainTrade ICO. Do you believe, Chaintrade ICO was successful?
Vincent Jacques: “Yes, I believe we could conclude that the ChainTrade ICO was successful. We issued about 42 million tokens, which was above our target of 33 million. This is equivalend to 42,034 ETH as per public price of the token. This provides us with sufficient funds to pursue our roadmap which we described in our whitepaper. We will deliver our promises as a part of the Chaintrade platform and will revolutionize commodities trading.
Indeed, today we have already delivered our first promise, less than 12 hours after Chaintrade ICO closure, our supporters can trade their Chaintrade Tokens (CTT) via Etherdelta crypto exchange.”
JM: What about the CTT token supply? Have you burnt the remaining of the unsold Chaintrade (CTT) tokens?
Vincent Jacques: “Yes, we have already burnt all unsold CTT tokens. So the total supply of ChainTrade Tokens is now 42,034,200 CTT. You can also track this via Etherscan as well.”
JM: As the ICO is over now, what is the next big step for Chaintrade team? Why should people hold the ChainTrade (CTT) tokens?
Vincent Jacques: “We have a very exciting roadmap ahead of us, Jacob. Our big next steps include the public launch of our beta platform, obtaining a license from Singaporean authorities, sign agreements with a few first major customers, and finally, start trading actual commodity futures on our platform. We will share all of these upcoming announcements with AtoZForex as well.
Meanwhile, today, we have reached our first milestone. You can buy and sell Chaintrade tokens via Etherdelta.“
How to buy Chaintrade Token (CTT)?
As a part of my discussion with Vincent, I’ve also learned that ChainTrade was mostly aiming to have insitutional token holders during their ICO. The minimum commitment was $50,000 (USD). That means that, many of the retail investors missed the opportunity to buy ChainTrade tokens. If you are one of those individuals, wondering about how to buy Chaintrade Token (CTT)?! You can now, buy CTT tokens on EtherDelta exchange (
https://etherdelta.com/#CTT-ETH )
Chaintrade Token (CTT) price forecast
I’ve also talked to a few Cryptocurrency enthusiasts, trying to set up a realistic Chaintrade Token (CTT) price forecast. One of the main points, almost every analyst commented that ChainTrade is undersold. So, I researched more into what they really meant by saying CTT is undersold.
My contact, Douglas, explained as the following:
“I believe, Chaintrade Token is undersold and soon, it should reflect itself in its price as well. The industry, Chaintrade is trying to distract is a $2 trillion per annum industry. Meanwhile, there are only 42 milion CTT tokens available. That means, as soon as the Chaintrade commodity exchange goes live with the CTT integration we should see CTT price appreciate. Therefore, my very own Chaintrade Token (CTT) price forecast is at least 5 folds by the time they either announce their Singapore license or they go forward with their beta. It is going to be big!”
Douglas was not the only analyst with positive Chaintrade Token (CTT) price forecast. Another blockchain investment firm commented about the number of CTT owners:
“Currently there are less than 1000 people in total holding, Chaintrade Token (CTT). I am one of those very few people. We saw how supporters pushed many small coins up this year. And this is a token with a very tangible product. “
Chaintrade Token (CTT) summary
To sum up the ChainTrade ICO and Chaintrade Token (CTT) price forecast discussion. I will review the points I’ve gathered from 12 individual discussions.
Most of the people have a positive Chaintrade Token (CTT) price forecast. Their reasoning are as the following:
- Chaintrade ICO sold 19% of their hard cap;
- 42 mln tokens vs. $2 trillion/year industry
- Chaintrade trading platform will have larger than $30MLN trading turnover;
- Most people could not buy Chaintrade tokens during the ICO, due to its minimum commitment size;
- Chaintrade attracted $30 MLN worth support with almost no advertisement;
- Each mine selling commodities added on Chaintrade platform will push the price higher due to added demand;
- Getting a Singaporean license for a blockchain based product will be sensational.
So, to sum it up my Chaintrade Token (CTT) price forecast is positive. I believe, Chaintrade Token (CTT) price should rise in value within the next few days and should reach to its peak as soon as they announce their Singapore license.
Therefor, current price of 0.001 ETH per Chaintrade Token (CTT) is a good price to consider. You can buy Chaintrade tokens via Etherdelta under the trade name of CTT.
