Remove the XCM peg

Effectively your token is valued at $0 when at the price floor as it can't be sold for anything, not even floor price as noone is buying it. By giving it a price floor of 60c you're not protecting your investors and helping the token moon, you're basically raising the price where the token is worthless from 0 to 60c.

>the token isn't worth anywhere near 60c
The token is and has always been worth more. Even a year ago when cm was lacking in most important aspects.
> Neither you or Kevin can give me a reason why the floor exists.
Kevin gave you lots of good reasons youtu.be/hLcSr6Pzkpk?t=2593, but I will not, because there is no reason it should exist, much like you, I would also like to buy cheaper than what it's actually worth.

I'm just here to explain the state of things not to defend them, I'll openly critique the discussion.

>discussion
decision

>the token is and has always been worth more
Speculative bullshit, the volume is abysmally low and you're basing price determination off of what assblaster said almost 3 years ago

Why can't you sell this crap somewhere else? You can sell BNB on places other than Binance for example.

>to maintain value
Doesnt maintain value. The value of token holders tokens are -100% instead of -75%.
>Told his stakeholders to exit the buy side before retail
Nice
>Argues he has fiduciary responsibility to his stakeholders
He does, except he said it's not a security. Fiduciary responsibility does not apply to a utility token. He did this to ensure none of his stakeholders were left holding bags and angry at him at the expense of xcm baggies. This is, arguably, illegal.
>Letting a free market decide value of utility is insanity, like at a supermarket
This is how supermarkets work, in fact the entire world... Moot point and retarded analogy to defend a scam.

Holy fuck my sides just checked the Volume

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The interview reminds me of the Celsius interviews. No real logical answer to the question. Shady stuff going down at coinmetro.

agree with most of your points.
>ou're basing price determination off of what assblaster said almost 3 years ago
No I'm basing it on where they are now, what their competition looks like and where they can be given adequate exposure. If you disagree that's totally understandable but you'd be wrong.

>where they are now
A sub-1mil volume exchange?
>what their competition looks like
Yes user Binance and Coinbase having their highest volume in history definitely increases the value of XCM. Maybe you could make an argument about KuCoin, but it would still be speculative.
>where they can be given adequate exposure
Like I said, pure speculation.
>you'd be wrong
Explain to me why XCM's market cap should be higher than the yearly volume on the exchange Right Now.

They will remove the price floor as it's the only way to solve the issue, otherwise leave the price floor as is for 2 years until the bull run comes back. Nuking the book will not resolve the issue, if this occurs I will be up on the minute it happens to sell the max limit, and so will everyone. Nuking the book does not bring buyers into the market. The fact he believes this is even a solution is a statement to Kevin's incompetence, and how he is undermining the few clever people on his team who suggest against it. This exchange is going under.

>$194 mill market cap
>$2.4k daily volume
why did he raise the floor so god damn high?

>Explain to me why XCM's market cap should be higher than the yearly volume on the exchange Right Now.
Crypto companies going bankrupt left and right, huge hedge funds eating shit, L1s and bridges getting hacked, contracts exploited, big personalities getting arrested, ETH fucking up hard, regulations coming down like a hammer, meanwhile cm hiring, building, new listings new products new tokenomics, new xcm updates, well funded.
You're saying I'm speculating, but that's right now. If we really start to speculate then a higher price is much more justified, banking, tram, mars, apparently huge releases looming just over the horizon, if true we'll be getting all the things we wanted cm to be for years and more within just this one bear market. It's absolutely undervalued, without a doubt.
The only reason why holders ate shit was because there doesn't exist a huge community around it that will blindly pump the price even under real hostile actions as seen in CRO.
And even worse the community they do have has been historically absolutely retarded when it comes to valuing xcm price, remember when it was 0.01 and then everyone was surprised that price went up, no fucking shit line went up, It was criminal to have the coin value be that low, even 0.15 is retarded. You can see it even itt, people really think it's worth that much, by far the dumbest group of idiots in crypto. And once it's +$10 it's going to be the most obvious shit in the world all over again.
I don't think they will remove the floor, it will just stay like this or they better find a solution to get people to buy. Nothing is going under even if it stays like this.

There's more than one person thinking the floor is bad.

All the negativity is making me want to start moonboy posting and posting homoerotic Kevin posts while insisting every mistake they make is a good thing just to piss off all the losers in these threads.

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