Calm, only calm: how do polybius token holders react to PLBT course jumps



    At the end of its ICO, the Polybius project began to generate much less public news - in the article “Life after ICO”We explained that our information channels are now regulated more by lawyers than by marketers. As a result, in the absence of other topics for discussion, people discuss what is constantly before their eyes: the course of the PLBT token. There seems to be a reason to talk: while in the course of ICO, the Polybius tokens were sold at a fixed rate of $ 10, then after going to an open sale on cryptobirds in July, he sank several times in price, starting to return to normal only in August. Now the Polybius token is trading at about $ 6-7. But still, we see that the volume of daily token trading on stock exchanges varies from 1-5% of the total capitalization of PLBT, that is, the majority of its owners are not in a hurry to “dump” it. And there is no panic in words - the Polybius global token holder community is behaving very restrained. To understand why this is happening,

    Why the fall in the rate of the token did not scare anyone


    First, tokens actually cost less than $ 10 to most users, because during the pre-sale and the first four weeks of ICO they were released with bonuses, so the weighted average price of tokens sold is only $ 8.67.

    Secondly, the fall in the PLBT rate is largely due to the “dumping” of bounty tokens (tokens received as remuneration) - i.e. people who did not pay for them at all a penny. The rest of the tokenholders understand this perfectly, as can be seen, for example, in the English-language Telegram-chat “Polybius” ( 1 , 2 ).

    As practice shows, the tokens allocated to the bounty program are not the first time going sideways with different ICOs. On the one hand, by announcing a reward for supporting the project on specialized sites and on social networks, one can increase the involvement of the crypto community. On the other hand, it is obvious that the recipients of the bounty are the least motivated in the “game of the long”. The fall of the token rate only motivates them more to “reset” it as soon as possible, receiving any money, while token holders who paid for the token with a crypt and fiat money can and will weigh the pros and cons of participation in “dumping” against the game “in the long” - especially in the case of "Polybius" tokens.

    Under the terms of the ICO, 2% of the total number of tokens put into circulation were sent to remuneration under the Polybius bounty program. From the moment PLBT went public, the tokens' daily trading volume was within the corridor from 100 thousand to $ 1 million, with a total token capitalization ranging from $ 11.6 to $ 39.5 million. If you look at both of these processes over time , it becomes clear that most of the PLBT movements on the stock exchanges roughly coincide with the share of bounty paid, with the allowable correction for that portion of token buyers, who, unfortunately, decided that a drop in the rate is a signal to panic and fixing the loss.

    The other part of the tokenholders, on the contrary, took it as an opportunity to increase the PLBT portfolio at an extremely profitable exchange rate.



    This trend continues: while some sell Polybius tokens at a price below par, others use this as an opportunity to buy them more and cheaper. As a result, the token bidding volumes, which reached a peak of $ 1 million, have now dropped by more than an order of magnitude: the minimum daily PLBT trading volume of about $ 20,000 has been reached recently, and at the time of publication of the article, the bidding went at about $ 110,000 with a total capitalization of the token ~ $ 23 million.

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    That is, long-term investors not only did not lose interest in the Polybius tokens, but also collected almost all the “free” tokens from the market, almost destroying the short-term speculative interest disappeared. Life itself has confirmed the loyalty of our initial calculations about the nature of the fall of the PLBT rate, outlined on July 28 in the article“Life after ICO: how Polybius is doing now .

    What is the basis of the confidence of those who are now buying them, and of the huge mass of those who are in no hurry to sell them?

    Tokens are not on time, but with good intentions.


    The usual model of earning on ICO is purely short-term: bought on a hype, on a hype higher - sold. That's just the office of the European regulator can not run in with a shout: “Rather, give us a banking license, WE FALL IN OUR TKENS”. And thank God. For ICO participants, this was not supposed to be news: how much and why the process of obtaining a license of a financial institution in Europe is fundamental and time consuming, we started writing from the very first articles of the series “How to open your bank in Europe” .

    English Communityconstantly reminds that it is possible to say something concrete about our project, its payback and dividends from tokens only in half a year or a year, not earlier. All other attempts to sell tokens profitably on the stock exchange are doomed to failure in advance, as now the demand is “overheated” by the cheap offer of the participants of the bounty program, dropping “free” PLBT tokens.

    The average "Polybius" tokenholder has strong nerves and a solid reserve of patience. Some also bought popcorn so that it was boring to watch the throwings of those who expected the explosive growth of the PLBT rate and quick money.



    There is quite a bit of discussion in those who openly say that they “froze”, as skeptical holders like to express themselves, their money for a period of one to five years.





    What else do the ICO members in English who have some experience of participating in various projects think of Polybius? We talked with some of them and asked what they thought about the Polybius Bank project and panic around the fall in the rate of tokens after the end of the fundraising.

    Jay Meta, the tokenholder and moderator of the English channel Polybius in the Telegram:

    The development of the project and development are, in my opinion, smooth. In the fall, we, the holders of tokens, are waiting for a lot of news: a new CEO, a detailed development plan, a physical location for Polybius Bank.

    I completely trust the project team and keep the tokens with me. Polybius Bank is a long-term project and, unlike other ICOs, it is not limited to the digital part only. Therefore, it takes time.

    Michael Jalloh, Polybius Tokenholder Project:

    Now the price of Polybius tokens is low, but this should not disturb the project participants and cause panic. Because the whole idea of ​​Polybius revolves around creating a bank. While there is no bank, then the PLBT token is expected to be worth nothing, there is nothing to support its value. But I think that when the bank starts to function, it will become what provides the value of PLBT and supports its course, will give importance.

    When a bank is created and dividends are paid to holders of tokens, the price of PLBT will go up.

    Damaz, Polybius project tokenholder:

    I do not understand the current panic around the PLBT token rate. How can you deal with, conditionally, investing and at the same time be so impatient? Creating a bank is not a quick process, so I prefer to control myself and wait for news from the team.

    Schid Marx, Polybius project tokenholder:

    I think many people just don’t understand that Polybius is a long-term investment. Now they are complaining about the rate of the token or have invested more than they could afford, and therefore panic because of the prospect of losses in the short term. The majority of those who are dissatisfied are short-term traders who jumped on a train called Polybius in the wake of the HYIP, in the hope of quickly making a profit, but in the end got disappointed. Impatience, fear and thirst for quick money in the main and form their thinking.

    The rules of doing business are the same for all areas, and cryptography is no exception. Most enterprises close in the first year of their existence, and, as a tokenholder, you must weigh the pros and cons, engage in team research, evaluate competitors. Polybius clearly stated in its “Prospectus” and “road map” that they will exist as a registered bank, for example, in Lithuania, and it needs to get a physical place of deployment. Anytime, anywhere, if you are dealing with government officials and the government, the process is going on ridiculously slow. There is also a package of regulatory documents that must go through various offices, and this process takes weeks and months. And this is without taking into account the fact that Polybius is not a traditional bank. That is, any clerk processing the documentation

    When I went to Polybius, I took all these factors into account and invested no more than I can afford. And I am even ready not to see my investments during the year. The project team, in fact, does not know how to manage a bank, so it is now engaged in hiring the right people, and this has been said from the very beginning. I believe that the general director of the bank will be announced in September.

    In any case, events may progress faster or slower. As an ICO member, you must take these risks. If you look at Stratis, it took THREE YEARS to grow from $ 0.01 to $ 6.00 +. Now, when more and more people are interested in cryptography, I believe that this period will be reduced by half, to 1.5 years. I believe in the Polybius team, and I believe in the Polybius Bank. And when they bring the project to a working condition, it will change the world. But, like everything else, it will take time.

    Rational Dreamer, Polybius Tokenholder:

    I believe that most people who buy cryptographic tokens expect immediate return after the end of the ICO, and panic has spread among many PLBT holders because the rate now is $ 6.53, that is, below the level of sales at ICO. However, I invested with an eye to the long term and do not intend to sell my tokens. In fact, I am very pleased with this panic among token-holders with “weak hands” who drop their tokens and roll the price ... This allows me to buy more PLBT with a substantial discount. I think that the cost of a PLBT token is seriously undervalued, and there are cunning people who know about it and deliberately stir up panic, spread rumors. This is done then, in order to later buy tokens cheaper.

    What else do I like about Polybius, but no offense: its founders are businessmen whose goal is to turn one penny into five, only on a different scale. When I looked at the Polybius Prospectus, I figured that they would be able to do this with far fewer resources than other crypto banks. This is a good sign for the holder of tokens. As they say in my homeland: "Who can work effectively with less investment will earn more and more." Polybius reminds me of Vista Equity Partners. Vista and their CEO for a long time could not make their way to the world stage and were losing money for years, and now they have $ 30 billion in investments.

    Recall that we have already told you what the Polybius team is doing and will be doing in the near future: signing contracts with the leadership of the future bank, choosing jurisdiction to obtain a license, hiring employees, etc. This is all a slow process, but true. And we are grateful to those who not only were with us in the course of the ICO, but also continue to support us when labor days have replaced the HYIP.

    PS All the people in the screenshots are more than real and you can chat with them in the official Polybius Telegram channel .

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