Post
Topic
Board Speculation (Altcoins)
Re: [SNT] Thoughts on the Status ICO?
by
GinkgoFarm
on 17/06/2017, 06:10:10 UTC
sorry guys, I miss a 0 earlier in the thread saying there will be only 50m coins.

About 12 M CHF = about 12 MUSD

1ETH = about 300 USD

12 000 000 / 300 = 40 000 ETH to be raised

1ETH = 10 000 SNT

40 000 * 10 000 = 400 M SNT

If price of ETH goes to 250 USD then 480 M SNT

If price of ETH goes to 350 USD then 340 M SNT


Hope this helps,

Victor


Then you need to factor in the fact that the 12M CHF is just the first ceiling, followed by a hidden ceiling. Maybe that is 24M CHF. Also the coins being sold only represent 41%, so you then need to multiply by 2.5. If the hidden ceiling is 24M CHF (could be higher or lower), then at current ETH price of $374, the total number of coins is roughly 65000 ETH x 10000 SNT * 2.5 = 1.6 Billion coins. Market cap at launch $60 million.