Topic: [ANN][OpenBeta] FirstBlood.io - Come Play!! 1ST Esports Competition Platform - page 6. (Read 124288 times)

Sell it before it falls to 100sats..

Bloody Hell! I can actually see this going somewhere

Looks like bittrex is taking such tough decisions to overtake Binance in volume and remove coins which have less to no liquidity.Good for big projects and bad for small ones which rarely cross 500 BTC volume on good times.

Lots of coins will be delisted from Bittrex on 9 March: Agoras Tokens, FirstBlood, MaidSafeCoin...

Bittrex Market & Token Removal Policy Rule:

Limited trading volume on the exchange or potentially suspicious trading activity
Less than 2 BTC daily traded volume
Less than 15 BTC buy side support

Do these coins have really so little volume?

I gave up and sold @ 70% loss.  Pointless with this team and there are much better opportunities then trying to wait this out and seeing if they get back on a major exchange.  It's taking them way too long to implement more games with the amount of investments they've been given and the time that they've had.

I just don't know...it sounds so childish that you are not allowed to talk about the price in discord channel...maybe I have to admit my loss and sell this for 75% loss...jesus...BG.

I guess myetherwallet would suffice

I hope it isnt, in the meantime where should I store my tokens...

So this goes into abyss of shitcoins?

The gaming industry can bring a big return to investors. But I do not see an active movement here. More I trust platforms for investors, such as Safinus. There is a chance to make a profit

465,312 ETH(https://icobench.com/ico/firstblood), which would be today evaluated at today's price at 402,225,000 USD. Note, that's far from the ATH of ETH which then would've been; 670,000,000 USD, and also very far from ICO price of 5,500,000 USD, but at the end of the day there is absolutely no transparency about the financials aspects of firstblood.io from the team. And it is very concerning that the project (which with that much funding) is developed utterly slowly. Bringing forward the next question; the involvement of two of the founding members of 1ST that are involved in Newblock Capital and ALT Option LLC?

I can not wait that long and stopped interested in the project. but I wonder - what's new?

A record ETH investment is an uncommon project. I can not understand why it is so slow.

You're totally right that they could care less about their investors.  There is basically zero communication or even marketing when it comes to the project aside from the developers update blog that's not even the easiest to find.  Not to mention, these guys have been around FOREVER and all they have is DOTA2 and upcoming PUBG.  Used to be a top 100 (maybe 50) coin.  Pretty sure this is a done deal for this project.  I dumped everything but still curious how it all plays out.

Bittrex recently updated their TOS and so I believe this is one reason for first blood to be delisted.There are many low volume coins which are still trading over there and still not delisted.

First of all, I would like to state that I am invested in the Firstblood platform through it's ICO and that I own 1ST tokens.

Let's look briefly at firstblood.io source of funding, as stated on https://www.crunchbase.com/search/funding_rounds/field/organizations/funding_total/firstblood firstblood.io recieved 6.1 millions USD through it's private sale (VC funding round, stated on crunchbase, but I think it was a private sale, correct me if I'm wrong) and 5.5 millions USD through it's ICO. That's 11.6 millions USD total, as you can see on https://coinmarketcap.com/currencies/firstblood/#charts, as of now the market cap of circulating supply (some concerned have been raised by a reddior about the actual amount, as it was stated by 1ST team that the tokens kept by the company wouldn't be released until the dApp would be fully released and mass adopted; here is the link to the reddit post; https://www.reddit.com/r/FirstBloodio/comments/7zx149/founder_lockup_transparency/) is 25,113,948 USD, so still above ICO price in term of USD raised, but in term of BTC and ETH, which was raised during the ICO, which EVALUATED MUCH (ETH was around 13 USD, now is 855 USD; BTC was around 600 USD, now is 9660 USD) since the 26th of September, so from historical data from coinmarketcap.com on 28th of september 2016, the 1ST token was worth 0.00025112 BTC and is now worth 0.00003 BTC and went below followed by the Bittrex delisting message on the Bittrex website which is the biggest exchange trading 1ST tokens in term of volume.

Let's take it from there, how did we learn about the 1ST delisting? Through a message directly from Bittrex. No pre-announcement by the team, absolutely no notes or announcements on either the website, discord channel, twitter account, or the dev team blog. Also note, no post or announcements after the delisting from bittrex, members (I am guessing other concerned investors) have tried to reach through the different platform mentioned above to try and talk to the team to wonder what is going on. My feel on firstblood is that so far, it is SOLELY focusing on it's gamer community and absolutely not on it's investors. Great lack of communication concerning financial aspect of the firstblood ecosystem. A dire example of this lack of concern for it's investors, is that the only place where you can basically, talk to the team about concerns, developments, etc. is on their discord channel, and it is strictly forbidden to talk or discuss 1ST token price of any financial aspects, which is in my opinion ridiculous.

We all remember the massive firstblood pump and dump of this summer from June 13th to July 10th, the graph on CMC speaks for itself, when firstblood was paired 1ST/CNY which were subsequently closed due to the china exchange ban. So here is my REAL CONCERN;

Firstblood.io knowing that the chinese government would eventually close its exchange in an undisclosed near future because of Mr. Zhou, who, I think must know finances, being managing partner of a crypto hedge fund; https://www.crunchbase.com/organization/newblock-capital and founder of https://www.crunchbase.com/organization/alt-options-llc and stay on top the news, and even private news from exclusive members group, let 1ST main volume go through from 1ST/CNY and on the chinese exchange ban news all chinese whales that pumped the price hard for a month dumped hard in a very coincidental timely fashion with Mr. Zhou travels in China. Raking in thousands of BTC from investors, volume being 71.8 mln is USD daily volume on the hardest day of the pump, BTC being around 2.2k USD. This is pure extrapolation and hypothesis. But market and price manipulation is very very common in the cryptocurrencies ecosystem. And with the NOTORIOUS Firstblood.io radio silence over anything NOT related to gaming tournaments, additional features to the platform or various partnerships. It is really REALLY concerning. I do not think I am the only concerned investor here. We will await an explanation.

thanks for information!
1st as I remember is a good coin, for gaming, there's a time I heard that 1ST will cooperate with DOTA to made this coin be the prize...
not sure why this being delisted cause daily volume still not that little

Delisting from Bittrex equals delisting from Upbit, unless a designated KRW pair exists on Upbit.

Guys, the delisting of FirstBlood was only a question of time. Of all the coins delisted since Fall 2017, I can't explain only the reasons for Bitshares. All the other tokens/coins had at least a trait that fits delisting criteria - low trading volume, existence of coordinated market action, lack of MVP or working product, strong appearance of a security.
Don't tell me you are in altcoins for the technology, you are a speculator, just like 98% of other members online  
It still bothers me that unclear movements happen sometimes accurately before the delisting announcement.

I envision many would like to praise Binance in such a situation, please - don't.
1. Binance does not care what token to list, they will announce a trading contest for a collaborative token - the trading volume on such events is absolutely stupid. Market Manipulation 101.
2. The praised Binance coin vote drives speculative pumps.
3. Adding new tokens, many of which are scams, does not benefit the ecosystem. Trading in obscure conditions is not price discovery, it's merely enriching Market Makers, the Chinese who run Binance (ex-OKCoin staff) and a huge opportunity cost for the wannabe trader. Despite some new additions to Bittrex do not pass my scam filter, I am grateful for the removal of obsolete markets.

"We do not engage 3rd party platforms with regards to our token.
As such, we have not been in communication with the Bittrex team.

We do not have any immediate plan to engage Bittrex with regard to our token."

vs

How do I prevent my coin from being delisted?
Please see the list of non-exhaustive factors that Bittrex generally reviews when determining whether to delist a token or remove a market.

Bittrex periodically reviews tokens on the Exchange to ensure the tokens and markets are consistent with the Company’s listing standards. If we reach out to a token team, please respond to us quickly and provide all the information requested. In addition, please keep us informed as to what is happening with your token or blockchain. For example, do not surprise us with a fork or any other disruption of your blockchain and please be responsive to our requests for support.

Draw your own conclusions...

Second highest volume exchange is Upbit but it’s Korean AND they are partners with Bittrex...