Buy CLX for Two Dollars?
There is a Facebook announcement by CryptoLux (reviewed here) announcing the offering of a CLX debit card. It looks like at first the card can be filled with USD as well as a number of cryptos. Later it can only be filled with CLX.
You will remember that CLX is the cryptocurrency promoted by Cryptolux. They posted a number of updates on it a few months ago. Following what I think was the last of these updates, we went to the Exrates exchange website and found out that the value of one CLX was around $.04 (four cents) at that time. This was published in our News Commentary #525 on September 18. In the present Facebook announcement (that I am reprinting below), CryptoLux indicates that they are selling CLX at a 50%-off “bargain price” of only $2. Naturally, I went back to the Exrates exchange to see what the coin is trading for on the public market. To my surprise, the value of the CLX/USD pair is only .0057. So, right now one CLX is only worth around ONE HALF CENT on the public market. This implies that CryptoLux is selling CLX at roughly 35,000% of market value (2/.0057 x 100). I may have missed something here. However, the bottom line is that the investor considering purchasing CLX should do some homework first. Be SURE that you are spending your money wisely.
Here’s the link to Exrates: https://exrates.me/dashboard
Here’s the CryptoLux Facebook announcement:
Dear CryptoLux members,
It’s time! The CLX Debit Card Pre-Sale has officially started! You can choose between 2 different Cards: Standard and VIP. They differ in prices and maximum limits! The Debit Cards can be bought with CLX only, therefore we are also activating the internal transfer for CLX, so you can buy P2P. For the first, you can fill the CLX Debit Card only with USD, BTC, ETH, and LTC, until we finish the regulations for CLX. Filling the Debit Card with CLX will be available in February 2019.
As the Pre-Sale has started, we are giving a 50%-Sale on CLX coins. You can buy CLX for $2 now. Additionally, we are running a Special on Cold Storage where you can earn double returns when you invest within 7 days. Also, the 50%-Sale for CLX Coins will be ended in 7 days!
As said, we will remove the Cold Storage Feature from CryptoLux. After the ending of the Cold Storage Special, this feature won’t be available anymore. Invest now to multiply your CLX Coins before the feature is removed!
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