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RE: Actifit Trying To Become The Amazon Of The Fitness World

in #actifit5 years ago (edited)

The marketplace is a really cool idea and I hope they can expand it in the near future to build on their momentum.

Opening the marketplace before being able to sell AFIT tokens on the open market may be seen in restropect as a smart move because by setting prices in the marketplace, they are effectively creating buy walls if I am thinking about this correctly. What I mean by that is say a shoe is worth $100 USD and they set that to ~2777 AFIT tokens (0.036 cents/AFIT token) in the marketplace. If the price of AFIT tokens drops to say 0.01 cents, demand for the token will naturally rise because people could swap them for something worth $100 USD. This will pull the price back up toward their target of 0.036 cents/AFIT token as volume rises. Similarly (on the other side of the coin) I would not expect the price to rise much above 0.036 cents. I guess it just depends on how dynamic those marketplace prices (in AFIT) are. I hope they are not listed as “market price”.