How the fuck do the hitbtc ICO futures work? I'm looking

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Anonymous
2017-08-29 10:44:31 Post No. 3259698
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Anonymous 2017-08-29 10:44:31 Post No. 3259698 [Report]

How the fuck do the hitbtc ICO futures work?
I'm looking at TNT futures there trading much higher than market price even though the token is already released. What is going on here?

Anonymous 2017-08-29 10:53:06 Post No.3259816
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Anonymous 2017-08-29 10:53:06 Post No.3259816 [Report]

HitBTC buy tons of coins during ICO and put options for them before distribution. For example they calculate that they will have 100k TNT and they open the market and put all those fake coins to trade. Once legit token is distributed they change it in 1:1 ratio

Anonymous 2017-08-29 10:59:01 Post No.3259885
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Anonymous 2017-08-29 10:59:01 Post No.3259885 [Report]

>>3259816
Ok. So why the hell are the IOUs trading higher than the actual token that is already available on other exchanges?

How the fuck do the hitbtc ICO futures work? I'm looking

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/