Cosmochain to be Delisted from Coinone Exchange due to Lack of Trade Volume
- 90% of trade volume at Upbit (7% at Coinone)
- Cosmochain now preparing for new listings
- Company announced a profit Q2 last year
https://xangle.io/project/home/COSM/dashboard?link=JiHFIq
[Jan 20, 2020] According to Xangle’s on-chain data, Coinone is responsible for 7% of Cosmochain’s total trade volume, worth around $11K USD at the time of the announcement. Upbit’s trade volume of $147K USD represents 90% of the total trade volume of Cosmochain’s tokens.
Coinone issued a warning about Cosmochain on 29th of November last year, citing lack of trade volume as a risk to investors. Coinone gives projects 2+ weeks to turn things around, and today’s announcement comes following a lack of improvement.
Cosmochain team stated that despite their best efforts to improve the situtiation at Coinone, even airdrops and token swaps did not help turn things around. Cosmochain extended their gratitude to the Coinone team, thanking them for an extended timeline during which the team tried their best.
Meanwhile, Xangle’s data shows that Cosmocoin made a profit of 33,800 USD in the second quarter last year. They are constantly announcing buy-backs and token-burns, with the intention of keeping the price above a certain level.
This kind of action should be applied to all the shit coins around as it will only endanger the money of the investors if they will invest to the coins that have very low volume or no volume at all.- 90% of trade volume at Upbit (7% at Coinone)
- Cosmochain now preparing for new listings
- Company announced a profit Q2 last year
https://xangle.io/project/home/COSM/dashboard?link=JiHFIq
[Jan 20, 2020] According to Xangle’s on-chain data, Coinone is responsible for 7% of Cosmochain’s total trade volume, worth around $11K USD at the time of the announcement. Upbit’s trade volume of $147K USD represents 90% of the total trade volume of Cosmochain’s tokens.
Coinone issued a warning about Cosmochain on 29th of November last year, citing lack of trade volume as a risk to investors. Coinone gives projects 2+ weeks to turn things around, and today’s announcement comes following a lack of improvement.
Cosmochain team stated that despite their best efforts to improve the situtiation at Coinone, even airdrops and token swaps did not help turn things around. Cosmochain extended their gratitude to the Coinone team, thanking them for an extended timeline during which the team tried their best.
Meanwhile, Xangle’s data shows that Cosmocoin made a profit of 33,800 USD in the second quarter last year. They are constantly announcing buy-backs and token-burns, with the intention of keeping the price above a certain level.
I am not familiar with Cosmocoin and in case your statements are all genuine then it will be best for the team to tighten their marketing plan so this kind of situation will not happen again. And if possible, they should list their coins to big exchanges as most of the investors will not use the exchange that are not so popular.