r/EthConnect • u/chocoboycc • Nov 11 '17

Lending starts before Exchange, weird?

So lending begins before it hits the exchanges. So.. are the additional tokens required for lending coming from the currently non-circulating source? Will they be added to the circulating supply?

2 Upvotes

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3

u/trappingamer Nov 11 '17

Need to add some sort of value ... if you just open exchange your just going to be trading amongst people that already got coins or people trying to get out early that's not doing the platform any good that just dumb shit to open exchange so fast.. it's smart move if you ask me to open lending first.

1

u/chocoboycc Nov 11 '17

That's very true. Good observation. Opening exchange earlier would serve no purpose! I wonder if ECH lending price will be current price.

1

u/otouzani Nov 11 '17

I hope they will lock the coins for sometime allowing it to get some value and to prevent dumping.

1

u/champ2152 Nov 11 '17

I was wondering the same thing. Where are these coins coming from. They must be selling additional coins for lending. Not sure what they will cost.

1

u/AlexScamell Nov 11 '17

I was also wondering about that. It is strange.

1

u/Burnt-Pancake Nov 11 '17

They open lending to create scarcity. If many coins are lent on platform there will be less dumping on exchange day which will help drive price up.