Hi JamesZebra, thanks for the question, I think the reverse auction actually went well considering that we sold 10% of the total supply for double the price that we launched at one month earlier, and that was right after the crypto markets had their biggest price collapse ever. The price of every cryptocurrency collapsed literally the day after our ICO which was on January 15th and yet we still managed to double our price in the reverse auction on February 15th so I think that’s a good indication of the interest that exists in the Digitex project. If the markets hadn’t crashed I reckon the reverse auction would have sold out at 5 or 10 cents. Yes we started the auction off at 25 cents but that wasn’t us expecting to get that much, reverse auctions are supposed to start too high so they can then find their true value as the price drops.
But anyway, that’s just price speculation based on a good idea. And good ideas aren’t worth shit without great execution of the idea, and that’s what we’re doing now. The true value of the DGTX token will be figured out at crunch time when the Digitex Futures Exchange is launched in Q4. If the exchange is fast and stable and has thousands of traders on it then the DGTX token will easily reach the 25 cent level and will continue to climb higher as our markets get more and more liquid.