and now lumens are a top 10 alt coin, that's very positive. i...

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mazewolf

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01/01/18

18:32

Post #: 29968742
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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.

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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
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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

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4	662821	3.2¢

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No.	Vol.	Price($)
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0.063	27000	1
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and now lumens are a top 10 alt coin, that's very positive. i...

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