Dont know bout you but everyone is trading at $1. I'm just getting in on the ground floor.
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The starting share price is 1.00 for all members at the time of registration.
- When anyone BUYS shares in your profile, the price will increase by 0.01 - When anyone SELLS shares in your profile, the price will decrease by 0.01
Each trade is fixed at 100 shares
There are a few limits we placed for the launch: [1] A maximum of 1,000 shares in another member per day - So, if you wanted to BUY 5,000 shares, it would need to be spread across 5 different days - The same logic applies if want to SELL shares
[2] A maximum of 100,000 shares total in another member
So it's not actually a market-making system, but rather a superficial point system disguised as 'dollars.'
Maybe a little harsh :-)
At launch, all trades are 100% liquid and you are free to BUY/SELL as many shares within the limits indicated. Each trade moves the price up/down 0.01. I do not consider that to be necessarily worthless however.
The share price and trades reflect actual member activity and sentiment. It's an indication of interest, that was not available before. Why would you buy shares of another members profile? Why would they buy shares of your profile?
Until today, you could follow or like. Now, you have the option to invest. However, you are free to not invest any of your "trust tokens" [superficial points]. You could, if you like, only use SELLFF to perform discovery and direct communication of other members who may choose to participate in trades.
We thought the trade feature would be an interesting experiment, to see how people would react if they "could" invest in each other, just like stocks. This is a first version and we will need to see how things develop.
I appreciate you taking the time to comment. Is exactly the feedback I was hoping for as we work to build this marketplace solution.
Yeah, the price goes up automatically when you buy. It's just like upvoting. They put a lot of work into making this fake interactive stock trading thing when it's really just imaginary internet points with no actual market dynamics.
When can I convert to USD?
When it lands you a well paying job
That is an accurate comment. Your SELLFF profile can help you to connect with new business opportunities, from which you can save and/or earn $$. It's a new/different alternative to the megacorp solutions that does not track you or sell your personal information.