On August 16/22, 2022, Cuprum Coin s.l.l.c. launched its commodity-backed cryptocurrency, with an underlying asset in the form of ultrafine copper powder worth over US$60 Billion.
After a successful pre-sale in October/November 2021, when Cuprum Coin company sold all intended 250,000 CUCs at $10 for 1 CUC, the IEO followed on the Bitforex exchange on August 8. Although it was planned to place the IEO on four exchanges, due to the launch delay, the team decided to list the CUC IEO on only one exchange, at 15 USDT, and with the placement of 7 days, until August 15.
This was followed by a secondary listing on the Bitforex exchange only one day later on August 16 and on the WhiteBIT exchange on August 22nd. Given that buyers from the IEO offer joined the placement and buyers from the pre-sale two days later, the price dropped to 10 USDT, and a few days later even to 5 USDT.
CUC has been trading between 5 and 6 USDT for the past few days. With an asset value of as much as 200 USDT behind...
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