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Today was opened the BO (BurstOcean) depository at a 0.0001 BTC per BO token rate, with a simple 1% withdrawal fee. This is a first action that should revitalize the CK economy and restore the trust that was lost due to the b1/b2 fiasco.
I personally deposited 0.03BTC for a whopping 300BO and immediately put it on the market to capitalize on that sweet sweet early adopter privilege. Almost immediately, 1/3rd of my BO sold at a rate of 1 million M per BO, or 10 billion M per BTC.
This shows that the uncertainty in the market is still there and the early adopter bonus is very strong
If we look at how things were before the depositories going haywire, B1 (which is 1:10 with BO) was stable at as low as 30k M and as high as 180k M, mostly being around 50-80k. When things went haywire it went up to 1-2mil M.
Since then, the M supply quadrupled and it lost relative value due to lower trust in the game and less circulation. I would then say that a 5x multiplier is reasonable as a baseline for comparison. If we take the 50-80k M stable value, then when things will stabilize once again with an increase in game trust and circulation, one BO should end up at around 25-40k M.
As more deposits happen, supply increases, and trust goes up along with the liquidity, I expect the value of M to once again go up and BO to stabilize at 25-40k M, or 250-400mil per BTC. As a result, depositing now and selling would probably be highly profitable if you are invested in the game and believe it will recover and continue to grow.
Right now, however, M is still hyperinflated due to great uncertainty in the market and the state of the game, so I expect the general perceived value of BO to be around 150k M at the moment, with a "real" value of 25k.
Great demand obviously exists, and there is still a window where supply is low and there is not much market-making and significant profits can be made... People are still itchy to withdraw, and as soon as bank is injected, it will be viable (assuming ChrisPop stands by his word).
Happy trading.
10 Billion M per XBT is approximately 184 Million M per XMR 1.84 Million M per 0.01 XMR (M3). This is within the ballpark for saddam's M3 XMR depository which currently trading a higher valuation for M 500,000 M bid / 1,000,000 ask for M3. Still in both cases there is very little liquidity when compared to the paid and not paid withdrawals of B1 / E1 and outstanding B1 / E1 that has not been withdrawn.
One big cloud over M is that rpietila (ZECHARIAH) holds over 900,000,000,000 M out of 4,000,000,000,000 total. If a significant portion of the debt is settled in terms of M and the creditors dump M well do the math. This is why the outstanding B1 and E1 debt is a very significant cloud over M even after rpietila's administrative privileges in the game were revoked. The aftermath of this attempted manipulation / pump of M is far from over.