Heaven for crypto's: Get listed on Chinese or Korean exchanges
Today we saw a prime example of what Korean or Chinese investors can do to crypto prices. Or rather what other investors think they can do to them...
As frequent readers of my blog may have noticed, I am a big fan of Bitquence. I believe they have the potential to deliver a product that actually delivers value to the crypto community. And with that I don't mean just the seasoned traders or investors. No I mean, everyone, including newcomers. Especially newcomers as it lowers the barriers to entry.
You can read about the details on how they do this in my previous blog about Bitquence and their PoS predictions.
So what happened?
Binance, a relatively new but already an important Chinese exchange recently announced they would add currencies to their listing based on a voting system. Registered members of the exchange can vote for their favorite currency to be added there.
When Bitquence was in the lead by a very good margin, the price shot up rapidly on Coinexchange, the current #1 exchange Bitquence is listed at.
As the reader can see, the price shot up dramatically today. At some point up to over 50%. This happened in both the BQX/BTC and the BQX/ETH market.
There was no significant other news today and there had recently been quite some selling pressure before the announcement. Well, that turned around quick.
Or did it?
One hour before posting this article, suddenly the amount of votes for Stratis skyrocketed. In a matter of seconds it gained 3-4k votes. Obviously something doesn't smell right in this case and even the Bitquence management is getting involved as you can see from their tweet:
Hopefully for Bitquence (and for justice) Binance will recognize the fraudulent voting for what it is in this case. But one thing becomes very clear, if it wasn't already:
Listings on Chinese and Korean exchanges matter! And people are willing to go through great lengths to achieve it.
If you want to help get Bitquence in the lead again or if you prefer to vote for another currency, you can do that here.
Let me know below if you voted already for any of those and what you think should happen with the Stratis votes.
As always, stay tuned!
References:
https://steemit.com/bitquence/@attalis/proof-of-stake-by-doing-predictions
https://www.bitquence.com/
https://www.reddit.com/r/Antshares/comments/6jny7g/all_about_wwwbinancecom_info_in_english_as/
Images:
https://www.coinexchange.io/market/BQX/BTC
https://twitter.com/bitquence
https://www.binance.com/vote.html
http://sudipsblog.com/?p=59
You are clearly not a fan on Bitquence at all and don't follow it very closely.
It has nothing to do with Binance voting system. Biquence release a new video that had two major important updates in it that mean big things for BQX.
Also the votes went up because the community pushed to have the votes raised and get it listed. Again nothing to do with Korean or Asian investors or even Binance. Though going to number one may have got the word out a bit more and got a few new buyers.
The reality of it was the price was already moving or moved before it hit number one.
Claiming there was no news is a joke. Do your research mate.
You baffle me with your ignorance. I have invested heavily in them and i have seen all their video updates, all their twitter updates. I follow it closely, don't worry. There was no news indeed, nothing that made the price move like this. Maybe you missed the heavy selling pressure when you were trolling someone else on steem. Anyway, I love constructive criticism, just make it stick man. It was all to do with the possible listing on Binance. No other news was resulting in this price move. Yes the price was moving already before reaching number 1. Because off the POSSIBLE listing on Binance. Not sure why I am wasting my breath on you, go troll somewhere else monkey.
Good intel, thanks @attalis. I had not heard of Binance or knew that voting was common on the Asian exchanges as well. You do a great job of keeping on top of the ICO scene. Keep it up.
Thanks mate, appreciate the compliment.
You do have a unique personal style to blog/write about topics of which not necessarily everyone else does. I wasn't aware of latests happenings around Binance's voting system. Thanks!
Thank you, I try to be different, glad it seems to be working. Appreciate your comment @arpepa, thanks again.
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