TEAM UPDATE
Opti has achieved a major milestone its in road to success, measured by adoption and stability. Distribution to all ICO buyers has been completed successfully and the token was listed on BTC - Alpha (https://btc-alpha.com) where it opened strong, hitting 4.76$. Temporarily OptiToken reached a market capitalisation of 471 million, leaving it at number 35 in the global crypto ranking. Since then we have seen we a high demand and look forward to operate in a strong market.
The traded volume remain on a high level, demonstrating an interesting level of trust in a growing community. Also Optitoken is already listed on CoinmarketCap, however the market conditions subject to a high change therefore the datas is not always up to date.
Token Buy-Back and Burn
As determined in its roadmap, OptiToken executed its first buy-back cycle with trading profits, leading to a surge in price of approximately 400% at BTC - Alpha! The tokens bought back (91,167 Opti) were burned, leaving a total supply of 99,908,831 Opti.
These strategic buys will take place regularly from now on, and increasingly once the algorithm is fully functional.
https://steemit.com/blockchain/@optitoken/optitoken-insider-first-buy-back-leads-to-a-400-price-surge
Opti has achieved a major milestone its in road to success, measured by adoption and stability. Distribution to all ICO buyers has been completed successfully and the token was listed on BTC - Alpha (https://btc-alpha.com) where it opened strong, hitting 4.76$. Temporarily OptiToken reached a market capitalisation of 471 million, leaving it at number 35 in the global crypto ranking. Since then we have seen we a high demand and look forward to operate in a strong market.
The traded volume remain on a high level, demonstrating an interesting level of trust in a growing community. Also Optitoken is already listed on CoinmarketCap, however the market conditions subject to a high change therefore the datas is not always up to date.
Token Buy-Back and Burn
As determined in its roadmap, OptiToken executed its first buy-back cycle with trading profits, leading to a surge in price of approximately 400% at BTC - Alpha! The tokens bought back (91,167 Opti) were burned, leaving a total supply of 99,908,831 Opti.
These strategic buys will take place regularly from now on, and increasingly once the algorithm is fully functional.
https://steemit.com/blockchain/@optitoken/optitoken-insider-first-buy-back-leads-to-a-400-price-surge
Will they be announced beforehand so that traders can plan accordingly?
This is absolutely essential.
When the traders against a specific entity have developed a buying momentum, its called buying pressure while the other way around will be called selling pressure.
It depends on the market situation.
