Quote from: tylerderden on June 29, 2017, 06:48:32 PM

Quote from: hrbt on June 29, 2017, 03:20:14 PM

Quote from: lwayvo on June 29, 2017, 02:57:56 PM

Quote from: bandar on June 29, 2017, 02:29:23 PM

Quote from: lwayvo on June 29, 2017, 12:56:12 PM

Quote from: bandar on June 29, 2017, 12:32:54 PM

Quote from: lwayvo on June 29, 2017, 12:28:05 PM

With 1 billion coins, it's gonna be hard to make good profits from this coin.

Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

The total supply has no correlation with the possible profit. There are lots of coins that prove that. The amount of investments is. e.g. if you invested 1eth and there were 100000eth invested, in the case of huge succes your profit will be less than when just 1000eth were invested.

We need a 1 billion marketcap for the coin to reach $1. I don't think this is very easy to achieve. Beyond $1 involves a 1B+ marketcap, something very hard to believe in the near future.

There are only 7 coins with over 1B marketcap, 8 if we count IOTA (keeps switching below and over).

So? Why the 'magic' $1? Do you realize 1 ETH gets you 11500SNT? 1ETH is now approx. $280 which means 1 SNT in ICO is $0,02 (your two cents lol). This means in order to get to $1 you need x50 prices.

Let's say the supply was 100000000. Then you would have gotten 1150SNT/ETH which is exactly the same thing. SUPPLY DOESN'T MATTER. It's basic maths...

edit: supply does matter when you have a huge amount of coins for example 420 billion. When you have so much coins it's hard to get the price over 1 sats, then you have a problem. Supply is also a problem when the stake/premine of the devs is too big

Thanks for your insight.

The larger the coin supply is, the more time to reach a high profit. Your example of 100M supply with the same price is actually very different than 1B. With the same demand and the same enthusiasm from the community and investors, you will easily achieve a large profit with a 100M coin. Can't say the same for 1B, it's just too much.

11500 SNT with a 100M cap is very different from 11500 SNT with a 1B cap.

$1 isn't a magical number, it's just an example.

Product, idea, platform, awesome team...it could reach 2$ not just one

What's the price per token now? I believe they are going to give dividends on the profit they make while selling electricity, or do they are going to do a buyback and burn kinda thing?

The current ICO ratio: 1 ETH = 11500 SNC. Buyback & burn is our strategy. It's more convenient and efficient than dividends (it's also more tax efficient).