An analysis of ICOreview.site
This is the same issue with XXX and HomeBlockCoin. They set a minimum USD conversion price, to ensure that the exchange is not flooded with the coins at such low prices. This is not a scam tactic – this is for the survival of the coin, to ensure that the coin has a chance of mooning. In effect, they are merely paying a lower effective interest rate, that’s all. They have calculated that the prices they set for conversion is the minimum conversion price needed for their coin prices to enter a virtuous cycle to eventually rise.
Running a successful lending coin is not only about good programmers, good communicators, good marketing skills. It is also about having good mathematics, being able to calculate the rate of inflection. This is a tight rope of ensuring that the daily interest payout is less than the net buy amount of the coin – just like the chicken and egg situation, everything has to be synchronized well so that one does not precede the other. If interest rates are high but new buyers don’t come in, the coin will crash.
At least someone is educated...devs want this to last and they are doing all the right things
My team is still waiting for the missing confirmed transaction coins to be deposited before lending any money again but I definitely agree with your assessment. I think Homeblockcoin is sitting in a great position now. Why?
- Sitting nicely at #2 spot behind Davor so not too much spotlight yet.
- Largest competitor (Bitconnect) out of the game, scam coins already dropped out too using BCC as excuse.
- Bitcoin is a coiled spring being held back by the unknown from options trading and ready to blast off very soon.
- Active and friendly community manager
- Not much change while the crypto (and lending) market continues to stabilizes.
For a business that depends on BTC gains, the stars are aligning for them. Homeblock coin is now one of the lending leaders and just at the start of the next large crypto move up. Davor is huge and has the heavier burden of staying afloat during this rocky time. If anything happens to them, HBC will be in a position to take market share. I am not a patient person but it seems like the team making us wait may have been a good thing while the markets are reviewed. You don't want to go too fast into a pre-planned direction if things have changed - they must be flexible and nimble to take advantage of new trends.
That being said (and if my team-member actually gets their 90.27 coins credited soon), if BTC starts to make it's move towards 30k by April, I believe that the market has opened up the opportunity for Homeblockcoin to survive easily for another 1.5 years. They must not go crazy with the partying and should probably plan a world event a few months after something happens to Davor. When Davor members defect over here then HBC can show them what it is all about to be the leader of a very conservative and well-run lending platform. Amway-type Annual events are a waste of money to me who would rather see the money go towards the platform or raising the price with marketing.
I will keep you updated on the deposit situation.