I really would not like post FUD, but at the moment I have no positive emotions about the project! When all market is bullish, endor continues to go to hell! There would be no FUD if you were to do something At the moment all that I see is that you are speaking at conferences ... And the main question is who constantly sells tokens at such a price? This is certainly not an investor, because it is unlikely that an investor will sell tokens for pennies. When I invested, the price ETH was $ 816, I invested 50 ETH, at the moment my losses are $ 33,000 ... And you want that there would not be a food here?
Endor has received interest from 3 of the top 10 exchanges. We will update the community once these deals have been completed.
Endor will convert 50% of its revenue from Enterprise clients into EDR tokens. Also $1Mil will be converted to EDR in the near future. The team are carrying out the transactions, as promised.
Market makers are also active - they provide stable liquidity, mainly by shrinking the gap between bids and asks.
Just want to clarify - Endor will convert 50% of its revenue from Enterprise clients into EDR tokens bought on exchanges from the clients themselves or from Endor employees?
Also when is this conversion of revenue going to start and how consistent it is going to be?
And one more thing. You say you are converting $1Mil which should affect the price of the tokens, which makes me think that it would not be done in a snap, but trough a period of time. Can you tell us if you have considered a time or price range in which this conversion will take place?
Hello, to clarify for you:
Endor will convert 50% of its revenue from Enterprise clients into EDR tokens over the course of 36 Months. Also $1Mil will be converted to EDR in the near future.
This will be achieved via the liquidity providers (i.e. exchanges).
This policy is in place already and the team are carrying out the transactions.
The intention isn't to influence the price, but to move customers to the Endor Protocol.
With regards to price range: in case the EDR rate passes $2 USD per EDR, Endor has reserved $10M USD worth of EDR tokens (approximately 37.4M EDRs) that can be used for predictions generation.