Topic: Blackmoon Crytpo is going to be huge? (Read 2260 times)
Now the buybacck is over and BMC have more than 11 milion tokens. The buyback should have been reserved for ICO and Presale participantes and not for the exchange purchases. THis screwed some of us and made BMC alot tokens. No loyalty to the people who actually invested in them.
i'm believe bmc going to be huge, but some patient...
I got some BMC last week since it seems undervalued compared to Iconomi. Good to see price rise but
not good to see it only because of token buyback by company. Hopefully, it is the weak hands that sold
at or below ICO prices and price can rise further.
not good to see it only because of token buyback by company. Hopefully, it is the weak hands that sold
at or below ICO prices and price can rise further.
BMC is up 15% just recently. The team has started to buy coins back at $0.8 couple of hours ago. There is 1.4 mil tokens bought back already (which is about 5% of the supply avalable). Coins that were bought back will be frozen for 24 months. Do you guys think that drop in BMC supply will increase its price to go higher than $1?
i also hope blackmoon does well since it's my biggest investment, but it's not correct that bought back tokens will be frozen for 24 months. the 24 months is the period in which they offer to buy the tokens back for 80% of ICO value (given that the funds set aside for that last that long, which is doubtful). the bought back tokens themselves can be sold at their discretion
Meanwhile BMC is up 25% and is traded for $0.9 at liqui
oleg seydak confirmed they can sell the bought back tokens. but yeah glad to see price moving
BMC is up 15% just recently. The team has started to buy coins back at $0.8 couple of hours ago. There is 1.4 mil tokens bought back already (which is about 5% of the supply avalable). Coins that were bought back will be frozen for 24 months. Do you guys think that drop in BMC supply will increase its price to go higher than $1?
i also hope blackmoon does well since it's my biggest investment, but it's not correct that bought back tokens will be frozen for 24 months. the 24 months is the period in which they offer to buy the tokens back for 80% of ICO value (given that the funds set aside for that last that long, which is doubtful). the bought back tokens themselves can be sold at their discretion
Meanwhile BMC is up 25% and is traded for $0.9 at liqui
BMC is up 15% just recently. The team has started to buy coins back at $0.8 couple of hours ago. There is 1.4 mil tokens bought back already (which is about 5% of the supply avalable). Coins that were bought back will be frozen for 24 months. Do you guys think that drop in BMC supply will increase its price to go higher than $1?
i also hope blackmoon does well since it's my biggest investment, but it's not correct that bought back tokens will be frozen for 24 months. the 24 months is the period in which they offer to buy the tokens back for 80% of ICO value (given that the funds set aside for that last that long, which is doubtful). the bought back tokens themselves can be sold at their discretion
BMC is up 15% just recently. The team has started to buy coins back at $0.8 couple of hours ago. There is 1.4 mil tokens bought back already (which is about 5% of the supply avalable). Coins that were bought back will be frozen for 24 months. Do you guys think that drop in BMC supply will increase its price to go higher than $1?
It could be expecting project and ICO success with over $20m cap so in my opinion Blackmoon has much potential to grow up in the future.
Good news. This will help the grow support.
BMC got picked up on higher volume exchange:
https://hitbtc.com
Higher volume is good because it is easier to buy (or sell) larger amounts without affecting the price too much.
BMC got picked up on higher volume exchange:
https://hitbtc.com
Higher volume is good because it is easier to buy (or sell) larger amounts without affecting the price too much.
I was expecting at least an initial pump but I have faith that it will grow over time. I don't think it is unrealistic for the marketcap to at least match that of Iconomi... $150m vs $25m is 6x gain
Glad to hear about the press. I'm very happy with how they are going about the progress so far. Okay the token itself isnt mooning like people want (yet 
) but the team is playing things very well
) but the team is playing things very wellSolid projects develop over time. If you notice, those projects that are overly hyped seem to go away quickly, but the good ones grow at a healthy and organic rate. I am excited about where this one is going because it's a solid, long term, investment opportunity.
Glad to hear about the press. I'm very happy with how they are going about the progress so far. Okay the token itself isnt mooning like people want (yet ) but the team is playing things very well
) but the team is playing things very well
Blackmoon Crypto is getting some press: http://www.huffingtonpost.com/entry/blockchain-platform-for-tokenized-investment-funds_us_59a57f60e4b0d6cf7f405058
Oleg (CEO) will give a speech at this conference in London: https://london.keynote.ae/speakers/
Oleg (CEO) will give a speech at this conference in London: https://london.keynote.ae/speakers/
I have learnt from experience that most coins with big hype and whale investors are always dumped less to nothing and manipulated heavily when they get to exchange. Bancor is a good example
wasn't any presale bonues here tho (just a pre-order which was same price as ICO) and individual contribution capped at 1 million $. but yeah the big holders are still manipulating it, doubt it will go much lower than 80c tho
I have learnt from experience that most coins with big hype and whale investors are always dumped less to nothing and manipulated heavily when they get to exchange. Bancor is a good example
listed on cmc now: https://coinmarketcap.com/assets/blackmoon-crypto/
Sorta. If the token passes the Howey test, then the US based exchanges can list it. If it doesn't pass the Howey test, then the EXCHANGE will face the regulatory consequences. However, it would be in Blackmoon's best interest to abide by the US regulations because it's a very large market. Blackmoon Crypto divides their project into two separate tokens, BMC which isn't a security according to Howey, and Fund token which is considered a security under Howey. US citizens are not allowed to participate in the Fund token platform, as "Continuous Contributors," at this time but they are allowed to purchase BMC.
Thanks that's cleared it up for me.
It would be nice to see BMC on Bittrex but they haven't added a new coin since Bitcoin Cash. The only other exchange I can see adding it in the near future is Binance... Anyway we'll wait and see.
Quote
Yes, there hasn't been enough time for the larger volume exchanges to vet the project well enough to include it on their platforms. Right now the larger exchanges are leery as to how to define the differences between an "asset?" and a "security?" so they are being more diligent. Blackmoon Crypto believes that they have the legal standing to pass the Howey test with BMC. And, I think BMC does and will pass that test. There are some bargains on the smaller exchanges for BMC at the moment, but once the higher volume exchanges list the token, I don't believe those bargains will be available. Blackmoon Crypto is in a good position to do very well, providing they don't get caught "cooking the books" or something, and I am confident that they ARE going to do well.
Interesting, I haven't been around crypto/investments long enough to come across the Howey test before. After reading up on it I understand that it's a test to determine whether the token is classed as a security and therefore protected by SEC regulations, is that correct? If so I'm guessing that if it passes then the big exchanges are more likely to accept it as Blackmoon Crypto can be held accountable if they don't follow through with their promises?
Sorta. If the token passes the Howey test, then the US based exchanges can list it. If it doesn't pass the Howey test, then the EXCHANGE could face regulatory consequences if they decide to list it. However, it would be in Blackmoon's best interest to abide by the US regulations because it's a very large market. Blackmoon Crypto divides their project into two separate tokens, BMC, which isn't a security according to Howey, and Fund token, which is considered a security under Howey. US citizens are not allowed to participate in the Fund token platform, as "Continuous Contributors," at this time but they are allowed to purchase BMC.
From Blackmoon Crypto's FAQ:
/*
Regulation
Are BMC tokens securities?
Based on legal advice and opinions we gathered during the preparation process, BMC tokens would not be deemed as securities by SEC based on the famous Howey test. We pay a lot of attention to that matter and are in continuous communications with US attorneys while formalizing our position.
Are Fund tokens securities?
Funds' tokens are going to be securities. And we are going to comply with all necessary regulation regarding that fact.
Will you distribute Fund tokens in the USA?
During 2018, funds on the platform should be able to distribute tokens to US citizens via brokerage firms and exclusively to authorized investors. We intend to apply for our own broker-dealer license in the US and to receive it in 2019."
*/
Citation: https://blackmooncrypto.com/ FAQ, accessed 09/20/2017
Quote
Yes, there hasn't been enough time for the larger volume exchanges to vet the project well enough to include it on their platforms. Right now the larger exchanges are leery as to how to define the differences between an "asset?" and a "security?" so they are being more diligent. Blackmoon Crypto believes that they have the legal standing to pass the Howey test with BMC. And, I think BMC does and will pass that test. There are some bargains on the smaller exchanges for BMC at the moment, but once the higher volume exchanges list the token, I don't believe those bargains will be available. Blackmoon Crypto is in a good position to do very well, providing they don't get caught "cooking the books" or something, and I am confident that they ARE going to do well.
Interesting, I haven't been around crypto/investments long enough to come across the Howey test before. After reading up on it I understand that it's a test to determine whether the token is classed as a security and therefore protected by SEC regulations, is that correct? If so I'm guessing that if it passes then the big exchanges are more likely to accept it as Blackmoon Crypto can be held accountable if they don't follow through with their promises?
where is it trading 
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