π₯ IMPORTANT: the order book for buying UMI has become even larger, and the rate has started to grow again π₯
We recently explained that the UMI rate cannot go below $ 0.95, and the buy wall does not get weaker, even if massive sales start (all information is here: https://teletype.in/@royclubofficial/y6XmSIU6t).
β‘οΈ So that's it. Today we want to tell you what came of it. In short, everything is just fine. In more detail, here's a step-by-step story (read to the end):
1. Against the background of the market downturn last Thursday and Friday, the UMI rate sank to $ 0.95, and the order book for buying UMI on the SIGEN.pro exchange decreased to 353 BTC.
2. All coins (over 70,000), which were bought out by the UMI team using the order book, were automatically put up for sale at a higher rate - above $ 1.05.
3. On Saturday, users have successfully redeemed ALL coins that the UMI team put up for sale.
4. And all the bitcoins that the UMI team gained from the sale of coins WERE AUTOMATICALLY RETURNED back to the order book.
5. BUT! Since the coins were sold at a higher rate, MORE bitcoins returned to the glass than they were. Now there are already more than 356 BTC, which even at the current bitcoin rate, which is still in decline, is more than $ 12 million.
6. After that, the shortage of UMI coins began, so the rate grew steadily throughout the weekend. Now it is hovering around $ 1.16- $ 1.19 per 1 UMI, and over the past 24 hours it has been rising to $ 1.21.
π₯ Thus, the mechanism really works successfully and shows itself just fine. Therefore, we repeat and remember the 3 main conclusions:
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The UMI rate does not fall below $ 0.95 - with such a wall it is impossible even during high loads and a downturn in the market. And after falling to $ 0.95, the UMI rate always starts to grow again. ποΈ
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Even at a low BTC rate, the buy wall remains high. And after BTC starts to rise in price again, it becomes even higher. π
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All BTC that leave the wall CONSTANTLY come back again (and in larger quantities than there was) - as new coins are purchased and new members flow. And about 700-1000 people from all over the world join us every day. π
π And for a snack. In the ROY Club already:
β‘οΈ About 41,200,000 UMI. Soon there will be 50,000,000 coins, and staking at 31% per month will begin;
β‘οΈ About 73,000 members in the UMI staking structure. Get ready to celebrate 75,000 anniversary - at this pace it will happen this week. π
Moving on. Your ROY Club! π