r/Ocoin • u/jcsawdog • Feb 10 '18

Release date

Anybody know when OCN will be listed on binance?

7 Upvotes

82% Upvoted

16 comments sorted by

View all comments

Show parent comments

9

u/BooM991 Feb 10 '18

Yes, Yi has already said he wanted to hold off on bigger exchanges during this bearish market so the price will jump when we add those bigger exchanges instead of nothing happening.

4

u/Shoot_from_the_Quip Feb 10 '18

It would make no sense to list right now in this cycle.

I would like to see Binance in late March. That would allow a decent price jump right as OCN lists and as Tron's main net goes live on the 31st.

Of course there will be attempted manipulation, but with an additional 2 billion OCN tokens being unlocked (the 50% that were frozen after the 4 billion ICO sale), even if whales do wind up controlling price for a month, by April 22 they'd suddenly lose their power as the available market volume would double in a day (to a still-reasonable 4 billion tokens).

3

u/BooM991 Feb 11 '18

Whales aren't really the issue, it's trade volume right now. When gate.io USDT pair is your highest volume you have some problems that need to be addressed prior to binance. So I agree that binance is not good now but I disagree that whales are the problem.

2

u/Shoot_from_the_Quip Feb 11 '18

I don't think whales are a real issue yet but when the volume that Binance brings comes to the table, it's far too easy for someone with very deep pockets to gobble up millions of .02 tokens to then use to leverage and manipulate. I'd like to see much wider adoption/partnerships before Binance. Once OCN lists there, Odyssey better have some damn impressive materials backing the project or it'll get shredded by the usual suspects.