Petition to restore TFX tokens to minimum USDT value with immediate effect


Guest

/ #29

2023-01-18 12:54

Fundamentally with an exchange it is bound to have supply and demand. That is the principle of trade within an exchange. However the larger problem is the valuation apart from those disposing at early stages. Allow me to comment further. I hv brought up a concern within the 1st week of TEX launch, when the TFX value dropped more than 30% (from the supposed USDT1 to 0.65) within the first 5 days of its launch. Back then, I had put forward a concern on this however there was a response from the top level management that it was cost efficient to purchase tho it was declining; in short apply cost average, buy low, get more coins and wait for it to rise. Honestly, I am aware of that; being a seasoned investor and certified financial planner I dont need to know what I already know. My concern was far beyond that. Now let me say this - the TFX coin do not carry (at this moment) the right weighted value against USDT. For one, USDT is pegged to USD, almost 1:1 (with 0.002% fluctuation) . For TFX coin value to rise, it requires the fundamental worth and worthy in its weighted valuation. Just like a country's currency against USD / Euros / GBP. So meaning if the country's wealth, economic fundamentals, etc, etc, etc is not worth the right weight, hence the value shall further decline against the stronger currencies. It is fundamental knowledge. Todate, the price of TFX is determined by the trade (selling and buying) just like any stock trade. If there are more buyers, the price will hence rise. If there are more sellers, the price will decline. In summary, there is more than what meets the eye, not just the no of investors (as in how many) and the $$$$ amount invested. So to sign off, I have 1 final question - what do you think is the real value of TFX coin against USDT ?