Why price should not worry us



@carletto94



These are a couple of words for people at Hawala who are wondering why the price is not touching the sky but on the contrary stays rather low.





Airdrop

Hawala.Today airdropped 500k of the total token supply in four rounds. The first two waves were for the telegram and bitcointalk.org community while the wave #3 and #4 targeted the top holders.

What is interesting about the last wave is the fact that it took place on 1st of December 2017 and the feature that Hawala team is focusing on right now is being released to the public on 1st of January 2018. This is, of course, a great way to start the business year for the young company but might not be a coincidence. Airdrops were set in a way to stop people from abusing and only to keep folks interested in the project on board, this resulted in a reasonably low trading volume, and you can see that most of the orders on EtherDelta contain small amounts of HAT. A low volume means there's not much influence on the price and it stays somewhat static. I think every move was calculated in advance and Hawala reduced the risk of dumping drastically, by allowing enough time between the rounds and before the official launch of the wallet app. People selling low right now is, in my opinion, a blessing because they will not have any influence on the price in the future and it allows interested folks to jump in at a reasonable price.





Exchangers

At this moment there's no risk of massive dumps because team funds are locked for the whole 2018, and no significant holders are placing sell orders, even better, Hawala is gaining more attention from new potential holders. Then there's CoinVat; no words need to be added. If you are worried about the low trading volume, please refer to the CryptoKitties clogging which created a 20+ K pending TXs queue with a gas price of 51 Gwei at this moment. Since HAT is only available at EtherDelta and IDEX, gas is needed to enable trading transactions resulting in a high ETH dispending; this influences not only Hawala.Today but all the coins available on these platforms and there's not much they can do about it. Meanwhile, we are waiting for CEX and YoBit listing which are supposed to happen the next couple of days.





Development?

It's steaming; the desktop wallet has been in the alpha stage for a couple of days now, and the primary functions are working as intended, and this progress is mirrored on the other platforms too.

The mobile apps are a work in progress and are developed concurrently to the desktop version, but might require some extra time, having additional features available only in mobility. Stating from 10th December, a closed beta program will start so stay tuned if you would like to try the wallet before the official launch.

A coin swap is imminent, and that is required to enable the IFS model which has been added to the smart contract, which is now being tested on Ropsten test network.





Team

Fls is also taking care of the legal aspects of the business and assets trading might be enabled in the next six months. The whitepaper is being written in these days and will be published on the website by the end of December 2017, but not before being inspected and approved by the legal team, to provide an extra layer of assurance for both Hawala.Today team and future customers.

In the past few days, a lot of people were asking about the team and who are the names behind this project. I am glad to announce that your voice has been heard and team presentation will happen after MSB License, this should give enough time to our beloved team to comply with the legal aspects and whitepaper standards.





Overall I can only see strong signals from this project, what do you think about it?