The token is set to hit an exchange at some point after the end of sale where investors who missed out can buy it however the movement which is set to change the way payment methods work in the adult industry, is far more valuable to own before the end of sale before the price skyrockets on the exchange.
Holders of the token from the ICO sale will be able to use their BUNNY tokens with much higher value for their adult payments.
According to the latest statements by the company, 150,000,000 tokens have been sold to more than 8,000 investors. All unsold tokens are going to be burnt after the end of sale as stated in the whitepaper which will help further increase the value of the tokens.
The token is designated for use in various online payments related to the adult industry like adult websites with premium content, webcam platforms, online sex shops and dating apps and services. By using BunnyToken consumers are guaranteed full anonymity and no records of their purchases.
BunnyToken has been adopted by the adult industry as a mainstream payment method with more than 20 industry websites already onboard.
This does not come as a big surprise considering the industry has struggled with payments for a long time; payment providers flag industry businesses and individuals as ‘high risk’ adding high fees on their accounts, or in some cases they ban or block them altogether causing major problems for companies and workers.
This issue has been raised by BunnyToken which will offer a blockchain-based payment solution.
Industry stars like Kira Queen, Nataly Gold, Jia Lissa and Alex Eikster have joined BunnyToken as advisors lending their lengthy expertise to the project and the development of the platform. With the end of sale fast approaching, all eyes will be on the release of the wallet and platform where real transactions will take place.
With almost no time left for the end of sale, investors can hurry up and get their tokens on the .
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On Thursday, May 24, the US Department of Justice’s (DOJ) launched a surprise criminal probe to check the possibility of bitcoin price manipulation by some traders. The investigative agency was looking for the existence of any illegal trading activity such as spoofing or wash trading which can influence the bitcoin price movements and trap gullible investors.
The bitcoin price soon tanked by nearly 5% following the news and the cryptocurrency was seen trading below $7400 levels. Currently, at the press time, bitcoin is trading at $7458.42 with a market cap of $127 billion, according to the data on .
A lot of experts and professionals from the cryptocurrency space backed this move saying that it will ensure the long-term health of the crypto market thereby removing unwanted elements from this space.
While speaking to , billionaire investor and former hedge fund manager said:
“Weeding out the bad actors is a good thing, not a bad thing for the health of the market. Plenty of exchanges have these inflated volume numbers to create some sense of excitement around coins.”
In addition to Novogratz, other industry professionals like Cameron Winklevoss, who co-founded cryptocurrency exchange Gemini, also shared a similar view where he said:
“any inquiry that serves to foster rules-based marketplaces and deter bad actors.”
It’s just a few days back that Gemini crypto exchange announced a deal in partnership with stock exchange operator , where the exchange will be using the latter’s surveillance technology in order to detect any unusual trading patterns in quick time.
Long-time bitcoin bull and chief of Fundstrat Global Advisors – Tom Lee – appreciated this move in an email saying
“This is really welcome news ultimately because this means there is adult supervision coming/here.”
Even though bitcoin has corrected significantly from the start of 2018, with more than 60% erosion in its value, Tom Lee is pretty much firm on his prediction that the world’s largest digital currency is all set to hit .
Spencer Bogart of cryptocurrency hedge fund Blockchain Capital said that he wouldn’t be surprised at all in the investigative agencies unearth the cases of frauds. In an email, Bogart said:
“I don’t have any first-hand evidence of manipulation of bitcoin prices but given that even the most highly regulated and most liquid markets in the world (e.g. Libor, FX markets, commodities) have consistently proven to be manipulated, it wouldn’t be a huge surprise,”
Joseph Saluzzi, Themis Trading LLC partner and co-head of equity trading said that practice of cross-market surveillance in the crypto markets will help to stop these cases of fraud. He said:
“The issue is that there is no one regulator monitoring the underlying exchanges and therefore there is no way to know if manipulation like spoofing is going onSome exchanges will say that they have information sharing agreements with each other, but again this is not enough to ensure that manipulation is not occurring. As we have seen in the equity market, exchanges are for-profit and cannot be trusted to police themselves.”
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