Beware of the risks when trading tokens in form of IOU (I owe you), especially on exchanges like MXC The most recent example with ICP (Dfinity's Internet Computer Token) should serve as an example with many assuming that the ICP token they've bought would be equivalent price wise to the real one, once the main net rolls out. The reality is that MXC has decided to delist the ICP (in form IOU) and rename it to ICP1 (keeping it in form of IOU) to make way for the real token listing under the ICP ticker. As of today the real ICP trades at around $293, while the ICP1 trades at around $238. Source: https://support.mxc-exchange.com/hc/en-001/articles/1260805371509-Announcement-of-Renaming-ICP-from-ICP-IOU-to-ICP1-IOU-
No comments yet