Lifting the peg/cap at $0.01 and no new peg/cap planned going forward!
Update Aug 2nd: The peg/cap has been lifted.
Previous article unedited:
We announced a peg/cap at $0.01 and $0.02 previously after a community/backer voting was held. This clearly sent the wrong signal or was not properly explained on my end and I take full responsibility for that.
To not simply drop the peg now and leave everyone that was expecting to be able to load up around $0.01 hanging, we are going to keep the peg intact until Monday 6am GMT.
After this, there will be no new peg/cap introduced. The liquidity issue still persists as long as holders are not willing to provide additional liquidity — which is understandable. The team will therefor sell CSM in small quantities and only when demand (positive price action) warrants it to then immediately add to the liquidity pool.
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