Watch the ticker go live tomorrow with us on Zoom at 7am Pacific Time:
Topic: CSOV Listing Goes Live
Time: Oct 5, 2021 06:45 AM Pacific Time (US and Canada)
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https://zoom.us/j/91389700563?pwd=MGtOL3RBMThoSEJNbEt1TVdGdTgydz09
Meeting ID: 913 8970 0563
Passcode: 447071
Topic: CSOV Listing Goes Live
Time: Oct 5, 2021 06:45 AM Pacific Time (US and Canada)
Join Zoom Meeting
https://zoom.us/j/91389700563?pwd=MGtOL3RBMThoSEJNbEt1TVdGdTgydz09
Meeting ID: 913 8970 0563
Passcode: 447071
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Our crypto goes live for token deposits at 7am PST and public trading commences at 8am PST.
An exciting morning here at Crown Sterling, grateful for those who joined us to witness the LIVE listing moment! More to come as we move forward with this mission. Thank you for your faith and support - we are excited for what is yet to come!
CSOV update: What a great IPO today! We were all really excited about the market reception and the strong demand in the market. Shown here is the USDT/CSOV market as of about a half an hour ago. We're seeing 1.7 million dollars transacted and token price of 12.6 cents. The BTC/CSOV market looks very similar. There was a moment of price dislocation at the open but once our market-maker got involved they did a really nice job smoothing things out.
Including both trading pairs and our online sales, we traded approximately $4M today (which is comparatively quite excellent volume).
Many larger purchase orders could not however be fulfilled without moving the price too much due to much higher than expected organic demand. The market maker was not an active purchaser in the market and was instead a seller to fulfill order requests. They worked quite hard to keep the price in this zone. At CS we tested a $200K sale and it was gone in under 10 seconds. There are big purchasers looking for larger volumes as we could see them but they could not be filled.
The DI order for $30K could not fill more than $10K. Also Sarson tried to buy $250K from their fund and could only get $48K of it completed.
We likely had a very good day for revenue also, I estimate something on the order of $1M could be recognized revenue (largely from Acheron but also from our approximately $100K portal purchases today (selling at a 10% discount from market), and an additional $250K from our account, but we will know more tomorrow.
All in all, a very successful Day 1 with a $1.26B market cap.
My social media is full of comments of people upset they couldn't fulfill their orders and many Americans that are pissed off that they could not purchase.....this is good because it will build a solid market when we gain listing on Coinbase.
Many larger purchase orders could not however be fulfilled without moving the price too much due to much higher than expected organic demand. The market maker was not an active purchaser in the market and was instead a seller to fulfill order requests. They worked quite hard to keep the price in this zone. At CS we tested a $200K sale and it was gone in under 10 seconds. There are big purchasers looking for larger volumes as we could see them but they could not be filled.
The DI order for $30K could not fill more than $10K. Also Sarson tried to buy $250K from their fund and could only get $48K of it completed.
We likely had a very good day for revenue also, I estimate something on the order of $1M could be recognized revenue (largely from Acheron but also from our approximately $100K portal purchases today (selling at a 10% discount from market), and an additional $250K from our account, but we will know more tomorrow.
All in all, a very successful Day 1 with a $1.26B market cap.
My social media is full of comments of people upset they couldn't fulfill their orders and many Americans that are pissed off that they could not purchase.....this is good because it will build a solid market when we gain listing on Coinbase.
Commentary among Bitcoin traders following today's AMA discussion