While this material was being prepared, the indexes that formed the basis of the calculations could have changed, and we do not know what changes will come tomorrow. The market is a living organism, where each player affects the overall condition. Markets are cyclical, it has always been like that and it will be like that. Growth is caused by purchases, and falling - sales.
The exchanges are moving into digital area and most of the modern market-players did not stand in the trading halls, where the atmosphere of excitement drives people, eager to get rich. But, as before, behind the quoted numerals, the same players are hidden, who are driven by excitement and dreams.
The fall observed in the market of crypto assets does not differ in something new - all markets, without exception, are subject to cyclicality. But perhaps one change can not be ignored - Bitcoin. Value will never be the same again.
What usually considered as money is subject to inflation and a change of owners. Cash can be counterfeit, and digital bank money is created indefinitely, until inflation devalues their value. It doesn’t matter, we are talking about the dollar or pound - money loses its purchasing ability. Leaders change and replace one money with another.
Bitcoin is protected from inflation, falsification and change of owners. It belongs to the person to whom the keys are available. The path, made by Bitcoin for 10 years, delights millions of people, and its real popularity has not yet come. Players of the crypto market, more than once, with bated breath, will observe the ups and downs of the Bitcoin price. ritten above is the opinion of our team, which may differ from others. While reading White Paper, it will seem to someone that we are terrible pessimists, but this is not true. We are full of optimism, otherwise we would not do what we do. We believe that Bitcoin will be used further by people and will be appreciated both by professional speculators and people who are just used to keeping their value in their own hands.It is not yet possible to say the same about the altcoin markets, and the crypto assets represented in the markets, which are popular today, will become the "dead" numerals saved in the blockchain.
People love to believe in the best and the exchange is the place where dreams unite players in the struggle for profit, the winner in which will be the fastest and far-sighted. A dream forces you to buy and it also forces you to hold in your hands assets that lose value day by day.
Perhaps the day will come when the dreams of the owners of all crypto assets will come true. But the mind suggests that for most owners of crypto coins and tokens such a day will never come. We, the Saturn team, were not used to waiting for a dream with folded arms.
The Saturn platform was conceived as a new safe and healthy trading atmosphere. We will be glad to personal participation of everyone, as we create this atmosphere for the players, like ourselves.
Problem of the crypto market.
The lightning-fast growth of the capitalization of the young crypto market to a value over 800 billion USD was replaced by a tendency of a long fall to values below 200 billion USD.The total cost of crypto assets decreased by 75%. Some assets have lost up to 90% of the value, and some are excluded from list of exchanges.
During the fall of the market, investors lost about 600 billion USD of their crypto assets. In a prolonged staying of crypto market on the bottom, the prices of some assets continue to update the minimum. The owners of such assets gradually lose faith in the market's ability to grow and begin to get rid of depreciating coins and tokens, aggravating the market situation. Lack of secondary demand for crypto assets forces teams of blockchain startups, which were considered hopeful until recently, to turn off any work at their products. With the complete lack of support for asset liquidity by traders, project founders and exchanges, these markets are doomed to extinction.
Reasons of the current crisis.
The main reason why the market capitalization has fallen by 70% is obviously inflated capitalization. Due to the peculiarity of calculating the capitalization of crypto markets by rating providers (Coinmarketcap), the values presented in these ratings are not true. Capitalization of assets is calculated by multiplying the number of active coins by the current average market price for one coin. The number of actively circulating coins also cannot be taken as true, because the number of units of some assets in the hands of just a few investors reaches 80-90% from all issued coins.Therefore, these volumes of assets did not generally participate in market trading, and if they began to participate, they would quickly lower the price of the instrument. Neither investors nor teams paid for these tokens, and the total lack of secondary demand for such assets leaves no chances for these markets. As a result of information which characterizing crypto markets, market-participants are devoid of objective data and are not able to evaluate the depth of current crisis.Frozen tokens, being in the hands of project co-founders is one of the main hidden threats to the crypto market, and the continued falling of secondary demand saves the tendency to depreciate up to 90% of crypto assets over the next few years. Price decreasing of crypto assets is market pattern, where the fair cost determines demand, supply, extra value and non-competitive business model. Asset prices return to true values that for most of crypto markets equals full depreciation.
ROADMAP
Escrow in December 2018
Saturn – a secure transactions between owners of crypto assets, with the guarantee of a third party – a direct exchange protocol.
OTC crosschain trading in December 2018
Selling and buying large amounts of crypto assets is not a problem anymore. Secure over-the-counter transactions via the atomic exchange protocol are relevant for high-amount holders of crypto assets, early investors and members of blockchain start-up teams.
OTC auction in 3Q 2019
Buying and selling large amounts of crypto assets at the best price offered. Security of transactions, setting of conditions for the order fulfillment and low commissions will make finding the seller or buyer more accessible and safer.
Exchange of atomic transactions in 4Q 2019
Saturn launches P2P trading based on the Swap protocol. Saturn – additional liquidity for crypto assets, secure cross-chain exchange and a convenient interface in your browser. API trading terminal.
Transactions with EURO and USD in 1-3Q 2020
Saturn is working on infrastructure for the exchange of fiat currencies in all directions: over-the-counter cross-chain trade, over-the-counter auction, atomic exchange.
Bounty program. Become part of the Saturn community
Of the 1 billion XSAT tokens issued, our team has reserved 100 million XSAT or 10% to the bounty fund.
The international community of the crypto market is multinational and communicates in different languages. Therefore, first of all, we will be happy for your help with accurate translations of White Paper and materials from the site for spread the idea of Saturn around the world.
Secondly, for quick communication with our community, we need the support of national chat in Telegram, WeChat, Kakao of your region.
Thirdly, we will be happy for your help with publications, video reviews, rating placements of the project and any other media materials in your language for the crypto-community of your region.
Here is another small list where community assistance will be indispensable:
• Listings in crypto exchanges, in wallets and in rating lists.
• Assistance in posting in Twitter, Bitcoin Talk, thematic forums, popular messenger channels.
• Assistance in the publishing of interviews in thematic editions.
• Consultative assistance or review of leaders of cryptoindustry.
Website: https://saturn.black
Bitcointalk thread: https://bitcointalk.org/index.php?topic=5075635.0
Twitter: https://twitter.com/saturn_twitt
Instagram: https://www.instagram.com/saturn_xsat/
Telegram:
- Saturn Official Group: https://t.me/saturn_ENGchat
- Saturn Official Channel: https://t.me/saturnblack
- Saturn Official Bounty: https://t.me/joinchat/JdHS-FjKRv21ihGR2y8ZyQ
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Author: lani123lani
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1220105
Address ETH: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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