This ICO is very quiet. Won't they do any effort on marketing here?
How many dollars have been raised so far?
Outside of the $4 million from private contributions, about 320 BTC have thus far been raised.
The ICO may currently be a bit quiet but the tech is anything but...
I read their white paper and introduction to their ICO. Only a small portion of coin will be sold to the public while most of them have been reserved to devs and angel investors. And the target of ICO is very high for me.
If I understand correctly, the total amount of tokens is close to 6 mil (5.9 mil). While only 950,000 token will be sold in this round at the price of at least 5dollar.
That means a lowest cap of this token ~
6mil*5 dollar = 30 mil dollars. That's a lot! Today, as you noted in price, the project would be coming into the market with a launched blockchain and a very solid roadmap this year at $30m which by todays standards places the project at #34 on Coinmarketcap.
Regardless this does bring us in at less than where we left off in the market to give us room for growth considering we have now had six months of further development on top of that.
This is fairly reasonable for something this far along in development and about to launch into production.
As for your other commentaries about most for devs and angels seems a bit exaggerated. About 33% is from people who initially funded the prototype in our presale, and 16% is to founders which are locked up for a year. Doesn't constitute most.
Aside from all of these things. This is a profit sharing blockchain. The first ever. Holding a PPY token means getting a basket of the most used crypto currencies out there be it BTC, ETH, DASH, or BitUSD. This is a unique value proposition available only with Peerplays. How much is that worth compared to a speculative token alone is up for each individual to decide.
but the founder state they end up with 42 mil marketcap so there was only 1 million supply at start and now they gonna change 1 old token for 10 new token for $5 for 2nd ICO round