And these news might be better than first perceived.
These news might not cause a positive scream of for the some of the investors or token holders, as the volume here is pretty low, but there is something extremely positive about this exchange, that many could possibly ignore on first
glance. When reading the support page of the exchange (which once again currently trades with little volume) this point really stung out to me:
Source: https://support.radarrelay.com/en/support/home
On top one of the Medium posts of RadarRelay summarized their exchange as follow:
“RadarRelay is a wallet-to-wallet decentralized trading platform for Ethereum-based tokens built on the 0x Protocol. Operating an order book, our platform relays orders between peers while never holding any assets in custody. Since launching in October, we’ve already welcomed thousands of users from 150 countries, onboarded 170 tokens, traded over $150m in volume, and grown the team to almost 30.” https://medium.com/radarrelay/series-a-55a3ab078720
This project is based in Colorado United States, has only been funded by Venture Capital Firms and uses heavy legal reviews and Howey Test reviews in order to valuate if a token can be listed on the Wallet to Wallet exchange. The platform had been launched in October 2017 and since then only listed 42 cryptocurrencies (Including Sapien), which should give people greater confidence, that the Sapien Team is doing many things right, if they managed to get listed by an exchange, which first and foremost cares about the legal background and its legitimacy, ensuring a token has a very small chance to one day be categorized as a security by the American Government.
I have not followed RadarRelay long enough or studied it deep enough to understand why exactly volume is this low. My take, if an exchange launches and first prioritizes fundamental basics before targeting volume, it may not be off too bad of an exchange in the long run.
On top Venture Capital firms normally aim to be on the safer when it comes to legal aspects as well as team capabilities. Language support in Chinese, Korean, Japanese and Russian is already provided and this project did not have an ICO which tried to attract the masses before coming into existence (rather uncommon in the crypto space so far)
Now I understand that the volume on this exchange is not very promising as of current, on top it may not be very likely that our token will cause Volume or price to become more stable, but it should be a message, if “Sapien.Network” is ready to target exchanges of a serious nature, there is a high chance that at least legally, they pass with flashy colours, as an American Company on American Exchanges. Not bad if you ask me.