Blockport

Blockport is now Reasonably Liquid

Coins, Cryptocurrency ICO

In an earlier post about the Blockport ICO I complained that there was no promise of liquidity in their Whitepaper. However their Admins in the Telegraph forum said that they token would be tradeable on some exchanges. I did not like their equivocation and decided not to invest. However they have now listed on two decentralised exchanges.

Exchange Listings

Exchange
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The Blockport Tokens are currently tradable on:

EtherDelta: https://etherdelta.com/#0x327682779bab2bf4d1337e8974ab9de8275a7ca8-ETH

Idex: https://idex.market/eth/bpt

Additionally, we are in the progress of talking to public exchanges. However, we are strictly bound to NDA (Non-disclosure agreements) so we cannot disclose anything regarding the developments.

and the token currently trades at 26% above the ICO price.

Lessons Learnt

Early liquidity greatly reduces the risk in an ICO investment. I don’t think that Blockport offers a long-term return to investors but I could have safely invested in the ICO and then sold on one of the decentralised exchanges. These seem reasonably liquid even in January 2018 which is a bear market.

The question to ask before the ICO is “will the token be unlocked and tradeable on Etherdelta?”

See more Blockport posts.

Author

James Bayley

Ex-physicist, professional project manager and cryptocurrency enthusiast.

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