Since the start of the Natmin token sale, the team stated that there will be no soft cap. What this means is that whatever amount Natmin raise they will continue with the development and launch their project. We rarely see companies run a token sale without setting a minimum funding level, this shows that the team have belief in themselves to successfully launch. I believe I read somewhere that the founder will actually fund the development if there is a shortfall. It’s great they have this level of confidence and it is a massive positive for Natmin’s investors because unless there is a huge disaster there should be a final product.

The team started selling their tokens through their website and then moved to sell their tokens on popular cryptocurrency exchange, BitMart, on 14th October. This was an interesting move and I have only seen a handful of other projects do this before. This means investors and traders can buy NAT tokens on BitMart directly and hold the tokens on the exchange. This is very useful for investors that are already signed up to BitMart and have passed KYC as they do not need to follow this process again.

Another interesting thing about the NAT token being sold on the BitMart exchange is that it can be traded (bought & sold) and the value of the token is not pegged to a fixed value in fiat or BTC/ETH, it can actually fluctuate at any given time. This is pretty cool because it gives investors the opportunity to buy tokens with a way greater discount than they would have been able to on the website it also means the initial hardcap of the project is effectively removed.

On the BitMart exchange the NAT token trades against the BitMart Token ($BMX), it initially started trading at the flat price of $0.01, however, it did not get off to a flying start. There wasn’t that much volume over the first few days and the value of the token was down significantly.

If you look at the chart below you can see how the token began trading at $0.01 and proceeded to fall considerably in value to around 0.2 BMX which at the time equalled $0.004. A loss of almost 60% this was good news for investors because it meant they had an opportunity to buy the tokens at a reduced price. The only problem is this showed the demand was not high enough maybe not enough people knew about the news.

This obviously isn’t the results the NATMIN team were looking for but they are a decentralized project and the value of the token is completely out of their control as it’s traded live on the exchange. It’s incredibly transparent doing a token sale in this kind of way as everyone can see the number of tokens bought and sold. It can be good because if the sale is popular investors can see the bullish sentiment and buy into the project. On the other hand, if the sale is slow or there is some bad news in the market investors can dump the tokens which may put off over investors.

As I mentioned earlier the sale didn’t start well on BitMart however, I’m very sure the Natmin team will be happy with how well it has done the last couple of days. On the 26th of October, the NAT token hit a high of 2.1702 BMX which at the time was worth approximately $0.056. This is a massive increase and it’s a lot higher than the initial listing price which shows there has been a decent amount of demand for the Natmin project.

Later in the day on the 26th, the value dropped to1.1 BMX or $0.03 which is excellent news as it is still up a lot compared to the listing price. Well, when I say its good news, its good for the project but not for investors as they will have to pay more for tokens. Alas, it does reward early investors and it shows there is a lot of demand which is a good sign for investors moving forward.

UPDATE

The token hit a new high at 12:00 on 27th October of 2.7990 BMX ($0.7) and the 24hr volume has more than doubled.

If you would like to learn more about the Natmin project and its token sale I suggest you check out the following links:

Natmin x BMX Listing Article: https://topicolist.com/blog/natmin-pure-escrow-now-listed-on-bitmart-exchange/

Exchange Link: https://www.bitmart.com/trade/en?symbol=NAT_BMX

Website: https://www.natmin.io/

Telegram: https://t.me/NatminPureEscrow

Twitter: https://twitter.com/NatminPE

Medium: https://medium.com/natmin-pure-escrow

Reddit: https://www.reddit.com/user/natmin