The most talked about coin of recent weeks, IOTA, has lost value by 20 percent today.. IOTA, which first entered CoinOne, one of the South Korean stock exchanges, and added value with the news that it signed agreements with many companies, including Microsoft, has been losing value in recent days.
IOTA Founder: With Microsoft. We Have No Official Partnership
Dominik Schiener, the media face and co-founder of IOTA, clarified the details of the partnership with Microsoft in his statement yesterday.. Schiener stated that IOTA has not signed any formal agreement with Microsoft, they only work together on joint projects. Stating that his work with Microsoft is progressing simultaneously in certain regions of the world, Schiener added:
“We continue to work with different departments of Microsoft in Chicago, Paris and Munich”
Depreciation Why ?
As impressive as the ideas behind IOTA are, its technology is still in the prototype stage. There are still problems with IOTA wallet and transfer transactions.. In addition, it should be admitted that IOTA did a little more “marketing” on Twitter after the news of the data trading platform that IOTA will create. Not so much, many people who have not even heard of IOTA, Internet of Things invested their money in IOTA.. So money was invested on speculation, not technology.. IOTA had not previously announced that it had signed a formal agreement with Microsoft, only now that it has not signed a formal agreement. Users who acted on speculation on this news started to leave IOTA.. IOTA’s price declined from 4.8 levels to below $4 and trading volume started to decrease as seen in the chart; it’s good to say. It will continue to stand out as IOTA strengthens its technology, but it still needs time. We will continue to convey the details of IOTA’s meeting with Microsoft in Paris today as Crypto Coin.