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By pegging NOX to the Ethereum tokens at a 800:1 equivalent,...

  1. 13th
    1,673 Posts.
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    16/10/17
    18:19
    Post #: 27942900
    By pegging NOX to the Ethereum tokens at a 800:1 equivalent, aren't we capping the potential for NOX in the secondary market?


    Won't the arbitrage players get involved and and just hedge away any upside in NOX vs the price of ETH?

    Sure there may be a level of hype for the NOX tokens from the 'Gamers', however I don't expect it to trade much above the 800:1 conversion price, Hence the value of NOX to ICI will be determined by the value of ETH going forward.

    Happy to hear how this may differ?
    ICI Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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