Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BOS] 🔹🔹 BOScoin 🔹🔹 Self-Evolving Cryptocurrency Platform🔹🔹
by
torjusg
on 03/05/2017, 01:39:00 UTC
Made a calculation of approximate market share on $1000 USD investment, considering 500 million circulating coins (which will happen fairly quickly after the ICO) and the present BTC price. The market share gained from this investment is less than 0.0002%. A horrendous figure by all standards. I generally refuse to participate in ICO's that will not give me a 0.001% market share or better on an ICO.

I believe in the project, but it's so overpriced it's incredible. I will not invest in this ICO unless I'd get approximately 150000 boscoin for a $1000. I will rather wait for it's release on an exchange and then get my acceptable entry price. Because I'm sure that will happen. It will dump first thing.

If we follow your calculation, we can't make development budget. It means that even if you participate this project, your 150000 boscoin for a $1000 would be zero in the end. This is not good for all.

I see what you mean, but your development budget does not dictate what the market is willing to pay for. If you provide too expensive coins during the ICO, you may not get enough investors to raise the kind of capital you want to. A low ICO price is supposed to be a reward for being early into something. A reward for that they show you the trust during a risky startup.