Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [EON] EXSCUDO - Nextgen Financial Ecosystem | ICO l BOUNTY CAMPAIGN
by
geocurt
on 29/04/2017, 20:44:21 UTC
For all of you cheerleading, stop and think for a minute and do a little math.  If you like the project fine, if you think the ICO is going well, you are objectively wrong.

  • If ALL tokens do not sell, then it means each and everyone of us overpaid and could have bought the tokens for less on the open market
  • In four days they have not yet sold 1000 BTC - that's less than 250 BTC a day, and you can expect interest to drop as the ICO goes on
  • They were looking for approximately 30k BTC - at the current pace they will sell approximately 10k BTC worth of tokens
  • This means, factually, objectively we paid too much for our share of the tokens
  • The market cap of the project with 10k BTC sold is about $21,500,000 (Crowdsale = 62.8% of total shares, BTC is worth about $1350 - $1350 * 10k BTC = $13,500,000 which is $62% of $21,500,000
  • 240 million tokens worth a total of $21,500,000 or 10k BTC puts each token at a number too low for my calculator to work with: 4.166666666666667e-5 otherwise known as .0000416 or 20% of what we are paying for a token
  • But wait! I got a share of the unpurchased tokens! Yes - interestingly you get a 50% share of the unsold tokens EVEN THOUGH YOU ALREADY ONLY CAN PURCHASE 62% IN THE CROWD SALE. So you are getting 50% of 62%. If I'm correct and they sell 10k BTC worth that means we 'get to have' 50% of the remaining 20k BTC worth of tokens, or 10k BTC.  If you contributed 1 BTC you'll get another 1 BTC worth of tokens.  Now your tokens are worth 40% of what you paid for them.

If you like the project, fine.  If you think it will be a big success, fine.

If you believe the ICO is going well and you were smart to contribute, YOU ARE OBJECTIVELY WRONG.  The demand does NOT meet the supply, and that's basic economics.

So please, put a lid on the ICO cheerleading.  Sell crazy someplace else - we're all stocked up here.