Post
Topic
Board Announcements (Altcoins)
Re: [ANN] STRAKS - Decentralised, Open Source, Community Driven Digital Currency
by
Eulersheep
on 23/11/2017, 07:16:38 UTC
Does anyone know what is expected price of STRAKS?

Its better than others.  I think in the future its about 1000 dollars.
Is it based on some information or it is just your thoughts? Cuz i can also say it might cost 100sat

Please remember investing in to cryptocurrency has reasonable risk , should not purchase more than you could afford , STRACKS going to be long term project with a proper vision ,I believe this project will success.

See what I said here:

It looks like there will be 41,250,000 coins to begin with. It would make sense for the initial price to be 1k sats (which is ~4x current signatum price) which would give the coin a market cap of ~3.3m. The coin is going to have to be worth much more though to attract miners, as even if you control 10% of the hash power, that is ~60 coins per hour which would only be ~$5 per hour.

Since the block rewards are so low, the coin is going to have to be worth 10k sats + to be worth mining with a reasonable network hash rate, but seeing as it is a newly released coin without an ICO, I doubt it will be worth that much to begin with.