Nothing is as powerful as an idea whose time has come. And in August 2019, it happened with the idea of repeating the story of Bitcoin for everyone who missed the original story or didn't have a chance to participate in it because they were too young. In the article entitled “The Fairy Tale of a Second Chance” it was written that the beginning of the implementation of the plan will be the moment of the creation of block 750,000 of a certain coin.
At that time, we did not know the exact date, but it was estimated that it would happen in the fall of 2022. It turned out that the date was September 19, 2022. On that day, the LANA coin consensus mechanism from the hybrid PoW/PoS (Proof of Work/Proof of Stake) changed to only PoS (Proof of Stake), which meant that instead of the previously generated 2.5 million coins per day, which miners sold at any price, the number was reduced to only 350,000 coins. However, since the highest possible reward in the PoS consensus mechanism requires as many coins as possible and not as powerful computer as possible, coin stakers, unlike coin miners, were no longer willing to sell LANA at any price. September 19, 2022 is the date when nothing that happened in the period from the creation of LANA in 2016 until that date was important anymore.
After that date, nothing was the same in LANA. After that date, LANA is a completely new coin. After that date, its value increased from $0.000069 by more than 700% and the upward trend will not stop. And with that date, PLAN15 appeared, which will take LANA safely to its final destination.
Here is the first report on LANA that will be published on a regular basis. We don't promise daily posts, although that is the goal. With time, there will be more and more investors in LANA, and thus also those who will actively enter the promotion of the coin, which has all the characteristics that Bitcoin should have in order to realize Satoshi Nakamoto's idea long ago. Why? In the first place because of the extremely low transaction fee, which allows LANA to be competitive with bank fees even if one LANA costs 150,000 euros. More about this is written in the article entitled: “What is LANA?”
First, we would highlight FreiExchange, where LANA is bought with Bitcoin. On the BUY side, the highest demand is at the value of one satoshi (0.00000001 BTC), and on the SELL side of the market, LANA is offered at the lowest price of two satoshis (0.00000002 BTC). The action on this exchange is best shown by CoinMarketCap, where it can be seen that the price of LANA on FreiExchange's LANA/BTC market is constantly fluctuating between the value of one and two satoshis.
The main player in FreiExchange's LANA/BTC market is currently PLAN15, which permanently withdraws all purchased LANA worth one satoshi once 1 million have been accumulated. LANA withdrawn in this way will return to the exchange markets only through the real LANA economy (paying for services, products and goods with LANA or sharing LANA in the form of gifts equivalent to a cup of coffee or a glass of beer or juice). Because of this, the graph of the movement of LANA value on CoinMarketCap has a saw-tooth shape, where the moments when the value of LANA is one satoshi are very short and show that most LANA hodlers are not willing to sell below the price of 2 satoshis.
However, the value shown by CoinMarketCap is not entirely accurate, as the mentioned website does not include data from Bololex, which is the most important exchange for LANA.
On Bololex, for 3,300 USDT LANA can be bought for less than 2 satoshis (yellow rectangle). PLAN15 has a minimum selling position at 2 satoshis (the position indicated by the light blue rectangle), which it withdraws from the market at the moment when 1 million LANA are accumulated through purchases, as long as no one buys them first at the price of 2 satoshis. If a purchase occurs before 1 million LANA is accumulated, the Tether (USDT) crypto tokens obtained from the sale will move to the highest BUY position on the buy side of Bololex's LANA/USDT market.
CoinCodex and CoinPaprika sites are suitable for monitoring value movements on Bololex's LANA/USDT market, and not in this article the first mentioned CoinMarketCap, which does not include data from this market at all.