Quote from: adhitthana on January 24, 2017, 10:14:33 AM

Quote from: Equibit on November 17, 2016, 11:27:06 PM

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.

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

Tranche	EQB Offered	Cumulative EQB	Price (USD)
1	100,000	100,000	$2.00
2	100,000	200,000	$2.50
3	100,000	300,000	$3.13
4	100,000	400,000	$3.91
5	100,000	500,000	$4.89
6	100,000	600,000	$6.11
7	100,000	700,000	$7.64
8	100,000	800,000	$9.55
9	100,000	900,000	$11.94
10	100,000	1,000,000	$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.

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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.

If Litecoin has a market cap of $180 million, with no real advantages compared to Bitcoin, who are you to say that Equibit won't reach a market cap of hundreds of millions with its unique use-case?
The total number of tokens when they have all been mined will be 22,000,000 (22 million), 1 million tokens created for the ICO and 21 million tokens mined. If you had read the ICO's Terms and Conditions properly you would have seen this:

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The mining process will create fifty
(50) EQB per block with the amount halving every 210,000 blocks. The initial sale is directly related only to the first
process. Any unsold EQB from the initial block shall remain in the control of EDC and to be used at the discretion of
EDC management.

Does that look familiar to you, eh? Same reward halving scheme as Bitcoin.