Polkadot Tokens Sold on Secondary Markets at Discounted Rates: Report
Thomas Simms's original article for cointelegraph.com reduced by 52%
Tokens for the Polkadot protocol are being offered on secondary markets at heavily discounted rates, The Block reported on May 23. A number of major crypto funds and investors told the website that over-the-counter desks had given them the chance to buy large volumes of DOT tokens. Polkadot, a blockchain interoperability protocol created by Ethereum co-founder Gavin Wood, sold its official presale tokens at $30.
The private sale price is $120 - and it is believed at least one secondary deal has gone through, with the buyer receiving a 50% discount. As buyers are purchasing tokens they will only receive in the future, there is a danger that untrustworthy sellers could hold on to the tokens for themselves. Investors told The Block that they would still be interested in the opportunity, provided that the tokens were being sold at a heavily discounted rate.
Nevin Freeman's stablecoin company Reserve was targeted by scammers who created a fake OTC market for its tokens. "I want people to know about the dangers of some of these second-hand token sales. I want to warn them..
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Summarised crypto news.