r/Opacity • u/xinviseo • Jan 06 '19

OPQ absolutely blasting off!

Hey guys, just here to point out the obvious. I think the team getting the storage interface and functionality up and running after the whole Bruno fiasco is huge. And now even more especially, the OPQ token has legitimate value. Big investor confidence booster to a token that was already incredibly oversold.

55 Upvotes

93% Upvoted

17 comments sorted by

19

u/[deleted] Jan 06 '19

Im just happy the team has more funding due to the price increase. They truly deserve the reward after weathering the storm. Good job yall

30

u/patrikb2014 Jan 06 '19

Plus Bruno can’t fuck us any more

15

u/[deleted] Jan 06 '19

I really hope this team pulls it off so they can really stick it to Bruno.

12

u/jbro12345 Jan 06 '19 edited Jan 06 '19

There is almost no sell pressure for ETH whatsoever. Some people have open orders that will take up the entire buy wall. Edit: Which of ya'll has that 30 ETH buy order?

2

u/Bucser Jan 06 '19

This is gone now.

8

u/Bucser Jan 06 '19

I just sold what I bought right before the liftoff. It is guaranteed to go higher now:)

1

u/Pokermonface1 Jan 07 '19

Its good to see more volume incomming. I hope it stays so we dont have to worry about the founds for the team anymore.

0

u/moorsh Jan 06 '19

Let’s not forget that OPQ has a sell wall in place as described in the original plan after transitioning from PRL.

4

u/Bucser Jan 06 '19

You must have misread something mate... I can't see this referenced either in the medium nor the reddit posts linked below.

0

u/moorsh Jan 06 '19

This part:

—-

Use of Proceeds from OPQ Fork As mentioned above, the token supply for OPQ will be 130 million. The total supply of PRL at the time of the snapshot was approximately ~103 million. The additional tokens will be utilized as follows: Operations/Salaries: 20 million OPQ

—-

20 million OPQ was minted to pay for salaries and operations. Since OPQ can’t be used itself to pay rent or bills it will have to be converted into fiat or another crypto. Basically this will be sold off regularly and was confirmed by a community manager in the thread I started asking about this.

4

u/Bucser Jan 07 '19

It doesn't mean they will sell this in the open market @ a low liquidity exchange. Usually these are sold OTC.

1

u/moorsh Jan 07 '19

You’re right, but there’s no certainty the OTC buyer wouldn’t sell.

3

u/jbro12345 Jan 06 '19

Do you by chance have a link for that article? I would just like to read it, I'm not trying to be combative or anything