Dear all QWC members,
Thanks you for your support on the recent market movements including additional exchange listings led by our international communities.
Up until June, tradings on QWC pairs took place in two exchanges, mainly Crex24 and BiteBTC. BiteBTC, which listed QWC with my personal funds, turned out to be an exchange that failed to build trust on our members. I apologize for the incidents. I personally wrote them emails numerous times but failed to get any replies regarding issues our members claimed. BiteBTC now has changed its name to Fedilo(fedilo.com) claimed to be owned by SBC, but I am not convinced that I could endorse this exchange to our members until all previous withdrawal issues are sorted out.
New exchanges: Bituan(bituan.com) in Hong Kong and Citex(citex.co.kr) in Korea
After listing on above two exchanges, the market value of QWC has jumped more than 10 times and the coin value is nearing 1 satoshi, which everyone hoped for. The coins are now more distributed over multiple markets and regions that the overall stability of market value and liquidation improved significantly.
I just wanted to mention that what really drives the market is the our expectation. If we expect QWC to reach 10 satoshi, we will get there. If we only limit the future of QWC to 0.5 satoshi, that’s where it is going to stay. It will take some time and we expect to see some corrections even after we reach more exchanges in near future.