As much as I hate HitBTC exchange, this team can actually get NVO listed on there even if it's classified as a security. There needs to be another exchange other than Counterwallet. We've been promised a new exchange since last year and now 2018 is almost half gone and still no new exchange. At the rate this team is working, this platform might not be launched until 2019, if we're lucky. So how about contacting HitBTC and getting this coin listed on there so that those that want to sell can freely trade without have to endure the torture of trying to use Counterwallet.io and their illiquid XCP coin.
Exchanging on counterparty is really not that difficult. And to those who complain about fees, HitBTC charges outrageous fees to withdrawal. I have used it enough to know that the times I have had to use it, I would rather have bought those tokens on counterparty knowing it was secure and decentralized. I bought some tokens from HitBTC awhile back and was charge over 30 tokens to withdraw, at the time that was around 30 dollars. How would you like it if HitBTC charged you 50 NVST to withdraw? Heck at current NVST rate they may charge more! I would rather NVO keep there 40 BTC and use it on marketing not some shitty exchange to pacify traders and lazy investors.
I am well aware of the high fees on HitBTC. However, I would wager that 99% of the NVST holders would have been willing to pay that fee for the chance of having liquidity. If someone had told me that when I invested last summer, I would have to wait 1 year and still not see any liquidity, I would not have invested. If nothing else, this team should have at least offered a method of liquidity, which they promised to do multiple times last year. Multiple times they said that they would provide another means for investors to trade NVST. This was around October of last year. It's now almost June and we are still only on Counterwallet. If NVST was liquid, chances are that it would be trading at above $1. People would be easily able to buy and sell at will. What good is it to worry about paying higher fees when your investment is stuck in an illiquid project? Here is the irony, we are investing in an exchange coin, which is supposed to allow all types of coins to be traded on their platform, yet we can't even trade the coin that's associated with the project.
That's pretty ironic, don't you think?
If this coin had been on HitBTC since last year (again, I really hate HitBTC, but if it offered liquidity, I'd be fine with it), NVST would have a bigger market and it would be more widely traded. Yes there's a fee, but I invested $4,500 into XCP, which you have to buy in order to transact on the Counterwallet exchange. I've been trying to sell that XCP since last month and it's current value is $3,000. I've lost approximately $1500 in value from holding the XCP, which I initially bought in order to buy NVST. What's 50 NVST compared to losing $1500 because I was forced to buy XCP just to use Counterwallet?
Counterwallet is probably the only exchange where you have to go to a different exchange in order to buy their tokens required to trade on their DEX? That is the most absurd concept ever. Counterwallet is a broken platform. Either sell your XCP coin on your own exchange or allow people to buy NVST and other coins using BTC. Counterwallet is based on BTC, yet you can't trade BTC or their own coin XCP on their DEX. It would limit the risk of being stuck holding bags on their illiquid XCP coins. Once again, I hate HitBTC exchange, but in this case I would happily pay the extra fees to not be stuck holding these XCP coins. I'm hoping that the market pumps so someone can buy my XCP bags.
