[Updated 11.2023]
There are a few reasons why the price of a digital asset may be lower than it was during its initial offering.
One reason is that the market for digital assets is still relatively new and volatile. This means that prices can fluctuate wildly, and even projects with strong fundamentals can experience significant price drops.
Another reason is that the initial offering market was itself quite volatile in 2017 and 2018, when many projects were able to raise large amounts of money even though they did not have working products or services. This led to a bubble in that market, which burst in late 2018. As a result, many offerings saw their prices drop sharply, and a large cohort lost all of their value.
Finally, it is important to note that the price of a digital asset is determined by supply and demand.
If there is more supply of a digital asset than demand, then the price will tend to go down.
Conversely, if there is more demand for a digital asset than supply, then the price will tend to go up.
We are focused on building utility.
We believe that the best way to increase the long-term value of our digital asset is to focus on building utility.
This means developing products and services that people actually want to use and that require our digital asset to use.
We have already made significant progress in this area.
We have also developed a payment processing system that allows merchants to accept our digital as payment. We have a major merchant currently and more merchants will be added over time.
We have a smart staking program for which windows are open every so often to benefit holders of our digital asset and provide them with yield.
We have a conversion program that allows our digital asset to be converted into loyalty points that can be used globally to purchase real-world products that support health, wealth and total wellbeing.
We are always researching new technologies, new applications and potential exponential opportunities to build utility for. We stay abreast of the market developments and the world of blockchain applications is still in its infancy with Web3 ahead providing new opportunities for further innovation.
We have no control over pricing once our digital asset is listed on a public exchange like WhiteBit.
Once our digital asset is listed on a public exchange, the price is determined by the market.
This means that we cannot guarantee that the price will be higher than the initial offering price.
However, we believe that by focusing on building utility, we can create a sustainable demand for our digital asset and the market itself will drive the price up over time.
#BUIDL is a term used in the digital asset community to describe the process of building and developing new digital currency projects. It is a long-term approach that focuses on creating real value and utility for users.
The #BUIDL approach is important for building utility because it ensures that projects are focused on developing products and services that people actually want to use.
This is in contrast to the speculative approach that was all too common in the initial offering market, where projects were often more focused on raising money than on building real value.
The #BUIDL approach can benefit price in a more sustainable manner than speculation because it creates a sustainable demand for a digital asset.
When people are using a digital asset to access products and services that they value, then they are more likely to hold onto that digital asset for the long term.
This creates a solid foundation for price growth if that is what you are looking for.
In contrast, speculative price growth is often unsustainable.
When people are buying a digital asset simply because they believe that the price will go up in the future, then they are more likely to sell that digital asset when the price reaches their target price.
This can lead to sharp price drops, even if the project has strong fundamentals.
Overall, we believe that the best way to increase the long-term value of our digital asset is to focus on building utility and creating a sustainable demand for our digital asset.
We believe that the #BUIDL approach is the best way to achieve this goal.