Re: [ANN] ECOBIT : WORLD'S FIRST-EVER GREEN PROJECT ICO (BASED ON NEM BLOCKCHAIN)
I am just a crypto-beginner, but is the price of 3000 satoshi not quit expensive according to an amount of 8,888,888,888 units?
NEM has the same amount but the price is about 1700 satoshi, 2 years after launch!!
NEM has the same amount but the price is about 1700 satoshi, 2 years after launch!!
Hi Zylon,
Appreciate the question. 2 points:
(1) You can't really measure the price per token on a standalone basis as cheap or expensive - it needs to be considered in the context of the value you expect to derive from the token.
The nominal price is not a reliable measure.
(2) Correction on ICO price description.
Day 1-10: US$0.03 per EcoBit token.
Day 11: US$0.0303 per EcoBit token.
Day 12: US$0.0306 per EcoBit token.
...
Day 60: US$0.045 per EcoBit token.
Remember to use the special rewards link when signing up!
https://member.ecobit.io/Register?ref=EcoBitEarlyAdopter
(1) You can't really measure the price per token on a standalone basis as cheap or expensive - it needs to be considered in the context of the value you expect to derive from the token.
The nominal price is not a reliable measure.
The nominal price is not a reliable measure.
Well yes we need to decide if it's over- or undervalued.
So we have to see what value there is right at this moment. From the information that was given up until this point it's probably overvalued.
The entire market capitalization would be $266 million. I still haven't seen proper justification for this valuation.
That carbon offset deal is the only thing that is there right now and you still have to audit the land to see how many carbon credits there are. No idea how long this is going to take and when you can start selling those credits. 2 years? After that the selling of those credit will maybe pull in about $5m-15m a year. Which is good, but no justification for the price. The rest of the projects are just vague dreams with no real plans that were presented.
Also when are you planning to have ecobits tradeable on crypto exchanges? Right after the ICO?
That's the point I am talking about!
With the price of 3000 Satoshi the market capitalization has to be higher than NEM's and that is unrealistic at the moment.
I am sorry, but I will wait till Ecobit hopefully will be tradeable on Poloniex and I think it will be much cheaper than now!
ICO is for giving investors a chance to get early in an investment with high risk and low costs, but your project seems to be high risk and high costs.
Don't get me wrong, I love your idea, but you really have to think about your strategy !