Any possibilities of including other more "competent" exchanges like Bittrex and Bitfinex for the purpose of enhancing deposit and withdrawal capabilities for DNotes and increasing exposure ?
Thanks, SCeeYong. Yes, we have a significant PR campaign scheduled for the last quarter of the year following the launch of DNotes 2.0. At the same time we will be approaching a number of exchanges to get DNotes listed. DNotes is poised to take a big leap forward by the end of this year.
Hi Alan,
Thank you for your update on DNnotes' PR campaign in Q4 2017 especially after its migration to DNotes 2.0 which will entail elements that will bring positive semblance of calmness, healthy growth to NOTE through education, smart partnerships and additional listings in other more competitive /competent /efficient exchange platforms, among others.
However , in and under the present circumstances,at least until all these take effects by the end of the year, NOTE investors are and will still be relying heavily on PoloniEx as an exchange platform to buy and sell NOTE. My immediate concern is that the impaired Deposit/Withdrawal capabilities will exert downward pressure on NOTE's price viz:-
1.The continuing and successful NOTE deposits to Poloniex matched with consistent withdrawal problems of the coin from Poloniex will reduce buying demand while increasing the supply .
2. Similarly, investors will avoid or stay away from the coin if deposits of NOTE also become an issue at PoloniEx matched with withdrawal problems.
To some extent , I am inclined to believe that this is situation we are facing now with a less-than-efficient PoloniEx is among the contributory factors to NOTE's unattractive price performance in terms of USD or BTC, especially when the price of the latter has come to cross the 4k mark.
Hi SCeeYong,
Thank you for your support and very thoughtful recommendations. The steep price decline of DNotes, quite frankly, caught us by surprise; so did Poloniex unresponsiveness to customer support. It certainly has negatively affected the value of DNotes. No doubt, BTC price jump to $4,200 + also has a negative impact on most altcoins, including DNotes.
Unfortunately, in the mist of software upgrade from DNotes 1.0 to 2.0 every exchange will want to wait until DNotes 2.0 is successfully launched and in their eyes - proven to be stable. Objectively, that will bring us towards the end of the year.
The good new is that once we switched from POW to POS the supply of newly minted DNotes will largely end up with DNotes long-term investors with CRISP accounts at DNotesVault. Together with other efforts, DNotes long-term outlook should be quite favorable.