Tratok Market Conditions Update

Dear Tratok Community,

We are excited to share some important updates regarding Tratok’s recent developments and future plans. Over the past three weeks, Tratok has successfully opened on the first of a series of exchanges. This listing has brought about numerous positive outcomes for Tratok and its stakeholders.

Firstly, the opening of exchanges has provided an opportunity for those who received Tratok for free as part of our promotion programs to liquidate their holdings on a suitable platform. This has allowed them to conveniently convert their Tratok tokens into other assets or currencies and reward them for their efforts in helping Tratok in the early days. Additionally, early investors have also benefited greatly from this development, as they have been able to realize substantial profits. We see liquidation as a healthy reaction to the listing as after delays caused by pandemics and changing regulation, it has allowed early buyers of Tratok to take significant profits, compensating their patience and faith and support the entire ecosystem. Since first being distributed, Tratok has risen by 420,936% having grown from $0.000000855 (0.00000001 ETH @ $85) to the latest market price of $0.0036 (0.0036 USDT). We are happy that many of the early adopters have been able to liquidate a portion of their holdings and allowed new members of the public to become part of the Tratok community.

With the increased trading volume surpassing $1.2 million USD on Monday, July 15th, there has been some noticeable volatility in the market. However, we are pleased to inform you that a healthy and organic order book has been established, which reflects the true sentiment of the market towards the value of Tratok. We firmly believe that this genuine market-driven order book will help to limit volatility and provide a solid foundation for the sustainable growth and operation of the Tratok ecosystem.

 

Following the Bitmart listing and partial liquidations from early adopters, the price has steadied at a fair market determined value, with a solid order book that is supportive of buyers.

 

At Tratok, we firmly oppose any form of price manipulation and believe that a transparent and natural order book is crucial in determining the true value of our utility token. This goes hand in hand with the importance of protecting our travelers and service providers from excessive volatility and uncertainty. Therefore, Tratok will be taking additional steps to support the stability of TRAT by providing additional USDT deposits, which will help to limit downside pressure caused by excessive profit taking. This measure is important as we gear up to release our apps throughout the month and prepare for pilot testing the new ecosystem with its new and improved rewards program. We want to ensure that the ecosystem operates at optimal health, benefiting all stakeholders.

Furthermore, we have received valuable feedback from our community, expressing the desire for additional trading pairs such as TRAT/BTC and TRAT/ETH. We appreciate your input and are pleased to inform you that management agrees with this suggestion. We have taken this feedback into consideration and will be including these trading pairs in our upcoming listings. This will further enhance the trading options available to our users, ensuring a more diverse and comprehensive trading experience. We are adding two additional exchanges shortly and as per our agreement with them, will be posting the announcements after they announce, similar as was the case with Bitmart. We will then focus on pilot testing and incremental launch of the ecosystem, while keeping an eye on liquidity and market conditions with the aim of appropriately scaling and adding additional exchanges over the course of the year to match operational growth and the increase in ecosystem users.

Thank you for your continued support.

Sincerely,

Tratok Management