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18.0¢ first growth funds limited

BS, the daily volume has settled around 10m and never been above...

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Wazza222

442 Posts.

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18/09/18

10:32

Post #: 35664956
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Originally posted by BlueSkyOne ↑

over 50M volume is very likely today .. very strong demand and stable price = strategically control the supply in order to keep the value of token = free from BTC price swings.

from ACU July update:

" we’d like to address concerns regarding the distribution of tokens. As a strategy to support the ACU tokens (which essentially benefits all token holders), we were advised by our partners at First Growth Funds to control the supply in the market as early as the beginning. This is because the dynamics of the crypto ecosystem has changed significantly since 2017 wherein the market was overly optimistic. This new sentiment requires a more proactive approach to ensure that there will be no hiccups while we develop the platform and help grow volume in preparation for full implementation in 2019."

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BS, the daily volume has settled around 10m and never been above 11m and I would imagine some of these trades would not be from FGF or even real trades (market making).

FGF Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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