The exact link is this: https://www.bit-z.com/exchange/kiz_btc
KIZUNA pair with Bitcoin and not a pair with Ethereum or USDT.
I see when the KIZUNA price list is 1000 satoshi but why does the price drop to 200 satoshi, why?
KIZUNA pair with Bitcoin and not a pair with Ethereum or USDT.
I see when the KIZUNA price list is 1000 satoshi but why does the price drop to 200 satoshi, why?
it's not 1000sat to 200sat, it's 10sat to 2sat.
Be careful there are 10 decimals on bit-z, 1000 is 10.00sat.
then 10sat was the first price on the market, the first price often moves a lot because few people are in the market at first minutes.
It has been more stable after many people started trading there.
I also started to trade cryptocurrency from 2015, still confused with Exchange like this.
hmmmmmmmm
!That's true. They added extra decimals although original decimals of BTC are 8.
Some Exchanges did this, maybe because they think 1sat is too high as the minimum price of the BTC market.
Just imagine I am following an ICO whose ICO price is around 7 Gwei (decimal fraction of Ethereum)
For Gwei to be paired to 1 satoshi it takes around 30 Gwei and the ICO price that I follow is 7 Gwei. 4 times cheaper than 1 Satoshi.
Well, in the case a cryptocurrency which cannot keep the price at 1sat due to high circulating supply or something, it's better to be sold on Gwei.
Some cryptocurrencies couldn't keep at 1sat on BTC market and their liquidity is dead now.
That's why Exchanges added the decimals.
Fortunately, the first price of KIZ on the market is around 2sat and circulating supply will be reduced by buying-back by the management team, so I think the price does not go down below 1sat.
"Fortunately, the first price of KIZ on the market is around 2sat and circulating supply will be reduced by buying-back by the management team, so I think the price does not go down below 1sat."
Okay we play in profit. Can be accepted if the reason is like that: bought again by the development team from KIZUNA.
But is there the best solution if KIZUNA goes down to 1 Satoshi?
Apart from the "BuyBack Management" plan.
if the price goes down to less than ICO price 1sat, most of the holders might sell their holdings and dumping starts, like the most of other ICOs in 2018.
To avoid it, the team has many plans such as building a STO Exchange, 1jpy stablecoin, incentives for holders and etc to increase the price.
