Because it's one of the most bullish coins for the next 2 years. And whales know it.
So when the team was asked if gvt will be used in genesis markets, we got this response.
"Hi there! Thank you for the warm words :) GVT will definitely be used within all projects in the Genesis Vision ecosystem, however, we can't provide you with any specific details at the moment. More information will resurface along with the development progress, that is for sure."
Do with it what you want. But you'd better have at least some gvt for the future.
>sold yesterday and put it all in leverage I lost in like 10 minutes It really hurts
Funny thing is if you picked the right coins from aprik 2017 to now you could already be worth 10s of millions. Gvt should have netted me over 800k already but im a certifiable fool
It's not too late to buy in. The market cap is still low as fuck. Things will only get more bullish after the Alpha release.
Cool idea, I wonder though, how will they handle situations where binance is fucky? Or where gdax has "low performance" If a downstream exchange fucks up they will be the ones offering users a shitty service. Also I assume transaction fees will be higher?
If they pull it off, they just made a money printing machine. Kudos to them.
You realize their CEO was the Principle software developer at SAINT PETERSBURG STOCK EXCHANGE right?
I didnt realise that, no. But no matter how good their CEO and team are (and the team does actually look good), they cant fix shit to do with binance / gdax going to shit.
Though to be fair they could actually still honor virtual orders if they kept a small amount of popular coins.
Though the order book would probably go down with any exchange that went down.
There is also the problem that maybe the other exchanges dont want Genesis markets being a man in the middle between exchange and client and perhaps they would rather just implement some inter-exchange protocol
Loopring protocol for decentralized exchanges will be able to accomplish this without a broker.