The ETN Fomosapien Rocket To Mars’ Moons Club. Vol2; It’s all about the Gig

Well that’s what investors want isn’t it? The price to go up? Where would the extra supply come from to enable them to buy 50M ETN without causing the price to go up 100s of %?

They want to have their cake and eat it. Nice and stable while they are feeding at the trough, then BOOM afterwards, well that’s tough if it doesn’t happen for them like that.

1 Like

Very respectfully, Pete, I really like you but you miss the obvious point… I couldn’t have been more clear in my posts above; the points are valid and factual.

There are US residents who desire to have a percent allocation in ETN much the same as you or anyone else has. Comparatively quantifying that percentage may be a larger or lesser sum of ETN, depending on one’s situation.

The benefits of listing on a major licensed and regulated US based exchange are too numerous to list, I’m rather shocked it appears most don’t get it. They all will when the day comes we do list… I’ll yield back now.

:bow_and_arrow::bow_and_arrow::bow_and_arrow:

3 Likes

It’s because you specifically mentioned HNW individuals and 50M ETN, not average joe investors.

If we are talking about the middling guys who only know the coins that are on Coinbase, then I agree with you. But I still wonder where this extra supply will emerge from for them.

1 Like

Perhaps They could be put in touch with the 3rd party and OTC desk involved in the 3rd party airtime and data topups and/or whoever is doing the ETN conversion from credit card payments.

HNW investors would have some experience dealing with OTC desks at some point in their investing journey, I’d think.

That’s one way to do it and not effect price, while having access to supply that may not be listed on an exchange.

Virtue signalling SJW!

th

Appreciate the thoughtful solutions here, thank you. Yes, I could sell them the ETN myself but that is not a long term nor widespread solution. I am not concerned about my small group alone; to be clear, I’m talking about widespread access to all US residents new to crypto to have a clean, lawful way to buy ETN. Right now they cannot. For simplicity’s sake, forget I mentioned HNW: Any and all persons interested in ETN who reside in the US have zero access to legally and lawfully buy the coin right now. When this changes - in the form of a major US exchange listing - we will see unprecedented demand and liquidity for the coin.

:bow_and_arrow::bow_and_arrow::bow_and_arrow:

4 Likes

I guess when it does eventually get listed on a fully regulated and licensed US Exchange that’s when Algoz would be expected to perform their magic, provide liquidity.

They must have a big stash set aside for when this does go crazy. I’m guessing that would have to be the case.

I was going to say it is more of a Bada#s Coin… but then I found I couldn’t say “a#s” on here.

3 Likes

I guess this is one contributing factor for the crypto winter generally, not just ETN… if US buyers are shut out.

1 Like

Yeah, I totally agree with you on that Jeff. I’m in the US too.

I was more thinking that your group, if they were granted access to the OTC desk ETN is working with, it would possibly be good for both parties. OTC desk is probably handling the inflow of ETN the 3rd party topup processor is accumulating and may also be supplying the credirt card processors supply for ETN conversion.

But at some point the incoming ETN they have may outpace the outflowing ETN for anytasks and there may be some available supply that could be acquired without worrying about spiking the price on exchanges, making it hard to acquire millions of coins without paying more for each lot.

Another thing to consider is once Liquid goes live, maybe Algoz can do the thing they are supposedly hired or partnered with to do, provide liquidity according to demand.

2 Likes

What you bring up are valid issues for US investors that need solutions no doubt. The sooner the better.

1 Like

If Coinbase listed ETN it would give me a reason to use that exchange again. Until then, Cash App for BTC to turn into ETN.

2 Likes

Yes, I agree on all of that for sure.

I was thinking the other day that we are close …by we I mean ETN is close to being in a place where the marketing can be ramped up. We aren’t quite there yet, but it’s not far off.

When it is time and the marketing beast is unleashed, I was thinking that it would be nice if there was a solution already in place for US investors to easily acquire ETN.

So let’s hope something happens before fullblown marketing goes off.

2 Likes

Make no mistake I am super pumped for AnyTasks; not necessary for its launch per se, but for the weeks and months (and years) ahead for the project. AnyTasks will be the very first effort Electroneum have put forth to actually drive real demand for the coin vs faucets and liquidations (mobile miner and top ups). If marketed and advertised aggressively (this is key), then the sky’s the limit.

:bow_and_arrow::bow_and_arrow::bow_and_arrow:

8 Likes

This! :100:.
+Twenty thousand satoshi for character limit.

:bow_and_arrow::bow_and_arrow::bow_and_arrow:

5 Likes

I think we all are pumped for anytasks. Me mostly because of the impact it can have to improve the standard of living for so many around the world who up until now have been excluded from participating in the global economy and all that comes with it.

It’s a game changer in so many ways, and yes, it should increase the demand for ETN and drive use of ETN in local ecosytems of vendors, shops and retailers. I’d like to also see an ATM network pop up that enables the use of ETN.

I still think cross border, personal remittance will be one of the biggest uses cases for ETN once everything is in place to allow it to happen without friction on either end of the send/receive. By friction, I mean easy to send/acquire to send, easy to spend or cash out in local fiat for the receiver. It’s going to happen, and once it does remittance senders won’t look back or ever bother with the methods they’ve had to use in the past.

3 Likes

Has anyone from the US thought about the tax implications of AnyTasks. What about selling digital services and getting paid in ETN, doing your taxes will be a nightmare.

Maybe the platform will have the ability to print or download accounting statements with spot price of ETN at time of payment.

Similar to what they provide with the instant payment system API for merchants.

I have no idea if that’s the plan, but seems it’s probably possible to do for anyone anywhere that needs such records.

1 Like

Well I totally agree with you and I appreciate your passion for clarity. Thanks for entertaining A silly Whimsical Notions. :blush: Not sarcasm. Lol.

You’ve made excellent points. I was not really aware that you could not make new accounts. I primarily used tradeogre although when I found out liquid was going to be shutting down or disallowing US customers there was rumors that we should remove our electroneum or any coin from liquid.
I count myself blessed to still have the ability to buy it on trade ogre on a regular basis. Come to think of it now I think after telling somebody to try to make a trade ogre account that they were never able to and that was some months ago maybe even close to a year ago.

We really are blessed to be in this early. I’m just going to keep accumulating as long as I can

Community Terms | Main Terms & Conditions | Privacy Policy | Support Tickets | Main Website