What's the value of Stellar for Novatti?, page-7

First 7 Last

Share
Profile

Follow
mazewolf

405 Posts.

13

01/01/18

18:32

Post #: 29968742
Share

Originally posted by aventurine ↑

Hi dawatz,

Having followed ripple for quite awhile it's a good question you raise about lumens. We'd all be guessing as the MOU with lightyear.io was only signed on 13/11/17, but you seem to have a good handle on the basics of lumens on the stellar network.

Imho I think the announcement of 13/111/17 contains a much more important aspect of the benefits to Novatti. That is ... "Novatti is also in a position to use its balance sheet to be a significant liquidity provider on the Stellar network and benefit from additional margins and by way of crypto tokens available to such participants".

Our balance sheet strength comes in part from the last cap raise. In essence Novatti could buy & sell lumens, hold lumens and get paid in lumens for providing liquidity in much the same way that ripple works.

Even since the MOU was announced lumens have increased from approx US 3 cents to US 23 cents.

Yes there are fees to collect from clipping the ticket on transaction fees, but Novatti could do quite well from providing liquidity within the stellar network as well.

Expand

and now lumens are a top 10 alt coin, that's very positive. i think the value for NOV will be more from transaction volumes, but the rise in value of lumens may reflect their increasing use, so its interrelated.

chinese capital control regulations could be a big plus for NOV going forward:
https://www.zerohedge.com/news/2017...uts-15000-annual-cap-overseas-atm-withdrawals

NOV Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

PDI

Chris Judd’s Talk Ya Book: Predictive Discovery finally coming to its 'pointy end' - and it's gunning for gold

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 85 more messages in this thread...

First 7 Last

Add NOV (ASX) to my watchlist

(20min delay)
Last 3.3¢		Change 0.001(3.13%)		Mkt cap ! $22.41M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.3¢	$442	13.38K

Buyers (Bids)

No.	Vol.	Price($)
4	662821	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	26617	1

View Market Depth

No.	Vol.	Price($)
2	70018	0.050
1	50000	0.049
1	63829	0.047
4	138700	0.045
1	11627	0.043

Price($)	Vol.	No.
0.053	6490	1
0.054	19043	2
0.060	146837	3
0.063	27000	1
0.070	100000	1

Last trade - 12.18pm 27/11/2024 (20 minute delay)

NOV (ASX) Chart

What's the value of Stellar for Novatti?, page-7

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chris Judd’s Talk Ya Book: Predictive Discovery finally coming to its 'pointy end' - and it's gunning for gold

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Buyers (Bids)

Sellers (Offers)