Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Equibit - A Peer-to-Peer Electronic Equity System - ICO February 1, 2017
by
adhitthana
on 24/01/2017, 10:14:33 UTC
Based on the performance of other recent blockchain project launches EDC management has estimated the
total market capitalization of the Equibit Platform could reach into the hundreds of millions of US Dollars within the first
year of operations.
It's very unprofessional and irresponsible to make this sort of statement.
How precisely did you make this estimation?
 It seems way too optimistic.

Quote
Accordingly, EQB shall be sold during the pre-sale at the following price points:

TrancheEQB OfferedCumulative EQBPrice (USD)
1100,000100,000$2.00
2100,000200,000$2.50
3100,000300,000$3.13
4100,000400,000$3.91
5100,000500,000$4.89
6100,000600,000$6.11
7100,000700,000$7.64
8100,000800,000$9.55
9100,000900,000$11.94
10100,0001,000,000$14.93

So if they are right and there is 3.6 M coins (after one year), it will have to have a market cap of $7.2M just to break even if one buys in the forst tranche.

If you buy in the last tranche it will have to have a market cap over $50M just to break even.
Quote
After one year there would be approximately 3,628,000 EQB in existence

What people need to know is the total number of coins absolutely, not just after one year.