I want talk about the coin I'm interested in, nowaday. Bitcoin Candy (CDY)
CDY is forked on 13 Jan, and listed on CoinEX simultaneously, it is not usual.
Which shows the relationship between CDY and CoinEX.
We can find out easily that CDY and CoinEX are actually same body.
- Yang Haipo, the CEO of CoinEX/ViaBTC is advisor of CDY.
- CoinEX is the only channel that CDY is given and exchanged so far.
- The official twitter retwit each other. (https://twitter.com/BitcoinCashAU, https://twitter.com/coinexcom)
It seems not even a secret.
And very hot promotion is going on, at CoinEX.
https://www.coinex.com/activity/token
While Huobi make billions of money by selling there token,
CoinEX distribute there token(CET) by free.
CET is given everybody who signed up, and 100 mil CET is distributed EVERYDAY based on the balance of each. If you have $100k, you can get around 100k CET every day till 9 Feb.
If CET marketcap is $200mil, the price would be over 2 cent. Which makes $2000 every day, if your balance is $100k
Even though the cripto market is messed up, the promotion it self is awesome.
But there is very weird thing on this.
CoinEX might want back CDY, no doubt.
But if you have CDY, it is excluded for the promotion. You cannot get CET.
This makes nobody want buy CDY.
Even someone who has CDY, he might want sell it for a while.
For what? Don't you think it's weird?
There might be some reason. They forked CDY, nobody care about CDY for now. Someone says it's scam.
Huge promotion is going on at CoinEX which exclude CDY.
It makes no sence.
Just my guess from now on. Might or might not happen.
If mainnet of CDY launched on 9 Feb, right after last snap shot for CET distribution is over?
Several big exchange like OKEX, Huobi, Binance list CDY at that time? At least they annouce it?
It is best situation to pump CDY.
Huge amount of money is in CoinEX account, no one bought CDY yet. Which means everybody can.
I'm not very sure about the technical value of CDY but obviously it is forked for the GPU mining. ViaBTC opened ETH Pool recently.
CoinEX listed a lot of pairs, huge promotion is going on.
Haipo Yang and Jihan Wu are backing.
I don't think CDY will disappear like this as scam coin. Something might be happen.
If so, the price of CDY seems understandable. Not much of volume exist. The volume for now, is just given for the BCH at the time of fork. CoinEX does not have much volume at that time (13 Jan)
If something is coming, the price of CDY is not necessarily high. Lower price can make bigger event.
This is just my opinion, even I don't think it must be happen.
But the promotion excluded CDY. The fact is very weird.
This post is my answer for that question.