Few months ago, mcxNOW sold 5000 share (5%) of the site revenue for 500BTC in less than an hour.
This week, they are trying to raise 18,000BTC! for the last 45,000 (45%) share.
They're not trying to raise money, they're trying to cash out. The site is ready and operational, so it doesn't need to raise additional capital.
And already 6200 mcxFEE have been sold for 2500BTC in less than 2 hours. It's crazy.
Yes, it's crazy. But not in a good way. It's a clever trick though, first release only a small number of shares to create scarcity, which drove up the price. Then offer a much larger batch that is slightly below the market price to make the offer look appealling, while simultaneously locking trade of the outstanding units to prevent the price from falling.
It doesn't take much to imagine what the price will do once trading is unlocked again and thousands of new shares hit the field.
Also, a valuation of 40,0000 BTC ($8M!) for yet-another-altcoin-exchange is completely insane. But congrats to RealSolid for finding a way to cash out bigtime.