On a side note, we feel that being added on more exchanges is an important step for a coin's long-term future even if it does hurt a coin's price in the short term, as long as the price reduction does not kill the coin. If the community feels strongly against it, we can put it up for another poll.
Again, please vote at https://bitcointalksearch.org/topic/pollapex-should-apex-reduce-pow-blocks-693108
I would have agreed yesterday, but considering the current events with Mintpal and VRC, I'm not too sure..
I don't think mintpal will help in anyway, its just another exchange. As I've seen before the mistake was getting Apex on exchanges too early. I noticed it was on bittrex and there wasn't even 2 million coins mined yet. I think looked a the total supply and was quite surprised.
Prices are dropping due to miners dumping, check cloud mining prices, current difficulty and block rewards. Mining is very profitable and everyone is renting and dumping making more profit than buying coins right from an exchange.
A coin should only be added to exchanges after POW has finished. One mistake alot of coins do, when i see a very new coin hit bittrex I know that coin is nothing but a mine, sell, make profit coin.
I think lowering POW to 5 days and cutting supply would be the only solution to minimize miners raping this coin.
This is clearly seen on bittrex, look at the market depth, over ~2 btc to double the price and a small amount of sell orders compared to buy orders but yet price keeps dropping, miners are dumping and dumping quick.
Dev might have to act quick before its too late. (price is close to breaking under 1000 sat).