Do you guys think that SAN will be able to be acquired at a reasonable price when it hits the exchanges? My concern is that 75% of tokens were sold to the SAN slack community and its likely that these will be the people that hold for the long term. And those of us who were in the CFI priority pass sale basically didn't have a chance as the remainder sold out in seconds (hopefully CFI puts some kind of limits in place in the future). So basically, you have a project that raised only a modest amount and therefore the current market cap is reasonable, if not low and its likely that most of the people who did buy SAN are long term holders. I'm hoping to acquire some SAN at no more than 2x ico price; is that wishful thinking?
there was a presale for 18% of the tokens back in February or so and these guys bought in when 1 ETH was like $20 and they got a 54% discount compared to the ICO price. So, there will be some cashing out as these guys are already up 10x or so.