The 1 cent (€) will only be the price per token for the start of the trading and afterwards it will
trade for a completely different price when it is obvious how much demand there is.
I suspect they had no other choice, because Bitpanda doesn´t offer orderbooks
like other exchanges where you as the end user can see the bids of other users.
I got it from the start but don't know how they managed to keep the buy order for 1 EURO Cent per token at first, may be they have placed buy order with their own fund and took the risk. Thankfully price is moving up which also can't be verified because there is no any orderbook and not even a statistics to show how many people are buying how much PAN for what price etc. trade for a completely different price when it is obvious how much demand there is.
I suspect they had no other choice, because Bitpanda doesn´t offer orderbooks
like other exchanges where you as the end user can see the bids of other users.
They haven't exposed their actual pricing policy, how they will justify current massive surge on PAN, I am happy about the price growth as one of the investor but where is transparency. Is there anything stopping them from manipulating the price
You're right to be concerned, not that having an orderbook would make them any less vulnerable to manipulation. I'm always a little cautious with exchange native tokens, probably will follow the pattern of surging like other exchanges have, especially with the market sentiment changing.
