3.5x gain in BMC amid exchange launch

19 rujan 2019



The recent release of Blackmoon exchange was extremely well received by the crypto community. This resulted in a three-fold increase in BMC dollar price and a stunning 3.5x outperformance of ethereum.

Price and events timeline

We revealed our plans to upgrade Blackmoon in June 2019, and since then the price of BMC started taking off.

6 June 2019, BMC price $0.21. Monthly digest:

We are currently working on further upgrades of the Blackmoon platform and soon will be ready to announce something special.

12 August 2019, BMC price $0.40. Monthly digest:

a full-blown exchange inside the Blackmoon Platform to provide you with new tools and opportunities <…> The development phase is near completion, testing is next

27 August 2019, BMC price $0.42. Blackmoon to conduct a major platform upgrade:

the release forms the basis for further products and features planned to be rolled out this year. This includes the listing of GRAM token right after Telegram Open Network mainnet launch. Good news for Blackmoon token holders, as BMC utility will soon be significantly expanded.

10 September 2019, BMC price $0.46. Meet new Blackmoon:

– a fully-featured exchange launched inside the Blackmoon Platform

– many new assets and pairs are now available for depositing, trading and withdrawing

– entirely reworked website, including new Dashboard


After the release, Blackmoon exchange became the main venue for BMC trading. Increased demand from new users, thanks to zero fees in BMC pairs, resulted in further price appreciation to $0.61 as of 18 September 2019.


Price inefficiencies


Because Blackmoon price feed is not on the CoinMarketCap yet, 5–10% price differences between the exchanges are a common thing.

Blackmoon exchange 2019–09–18 09.54.47 UTC:



CoinMarketCap 2019–09–18 09.56.31 UTC:



BMC/USDT pair on Blackmoon has outpaced the volume of Bancor. The total 24-h volume of BTC versus BTC, ETH, TUSD and EUR was 170,341.74.

Over time we believe that the prices well level across multiple exchanges eliminating possibilities for arbitrage.


Road ahead


Blackmoon exchange has huge plans for the coming months, including:

1. Listing of real Grams after Telegram Open Network launch. The Backmoon Platform users will enjoy deep liquidity, thanks to our partnership with Gram Vault — the largest Gram token custodian.

2. Platform enhancements.
These include:
- trading API
- Credit/Debit cards withdrawals
- Quick exchange for mobile devices. Currently, trading on mobile devices is unavailable (except for some high-resolution tablets like iPad Pro 12.9).

3. VIP Program for BMC owners to receive extra privileges, including lower trading fees, higher rebate rate in the referral program, bonuses during special events and more.

Stay tuned for our updates, test the Blackmoon Exchange functionality and receive a $20 prize while doing this. Learn more.


Handy links to stay tuned to our updates:


website: https://blackmoon.net
telegram channel: https://t.me/blackmooncryptochannel
twitter: https://twitter.com/BlackmoonFG
reddit: https://www.reddit.com/r/BlackMoonCrypto/
facebook: https://www.facebook.com/blackmoonfg


DISCLAIMER

Subject to regional restrictions and terms of use.

Due to the fact that digital currency and digital token markets are unregulated and decentralized, the provision of our services is not governed by any investor protection rules. Investment in digital currency carries a high degree of risk and volatility and is not suitable for every investor; therefore, you should not risk the capital you cannot afford to lose. This post is for information only and does not constitute solicitation or investment advice.

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