SME’s Price Action

This morning, as I opened my wallet on LeoDex, I was surprised to see a big leap in the USD value of my SME. Among the first five tokens that I am holding, SME ranks four. CENT, LEO, and CTP were ahead followed by SPT.

Seeing the 55.50% jump in the price of the token, I got curious and checked the transactions, and I see four names that bought a total of 337,578.407 SME.

This made me curious about what triggers them to buy and stake SMEs. And then I found this article, Social Media Platform Somee Secures $50M Investment Commitment.

I find interesting information from the article including the following:

• GEM which has committed a $50M investment is actually a $3.4 billion company that operates in Paris, New York, and the Bahamas.

• GEM has “over 530 investments in 70 countries” and “invests in utility tokens listed on over 30 CEXs and DEXs globally.”

• Two partners were mentioned where the first was simply described as having 70M wallet holders and the other one is named Hawke Media.

• “SoMee is officially launching in the Apple (iOS) and Google (Android) app stores” this September.

• “SoMee uses Amazon Web Services (AWS) . . . that has the capability to support rapid user adoption.”

• The writer mentions Hive as SoMee’s blockchain, which has been battle tested for more than five years.

Grace and peace!

Posted using SoMee