Post
Topic
Board Announcements (Altcoins)
Re: [ANN] STRAKS - Decentralised, Open Source, Community Driven Digital Currency
by
Chromexnet
on 24/11/2017, 16:07:40 UTC
And people, pls STOP trying to estimate the coin's value based on the current mining difficulty vs profitability and THEN make the EVEN bigger mistake of comparing it to the current value of signatum and the 4:1 ratio. OFC anything can happen but......with 34m coin flood, the most likely scenario is for straks to drop to 20-40 satoshi first, before it can have any hope of recovery. I hope I am wrong on this.


Disclaimer: I have never mined signatum,I am NOT a signatum holder and out of plain luck (read the signatum2.0 thread before this ANN) I have NOT started mining STRAKS. Otherwise I would be in the same boat as you guys.

Your estimate of 20-40 sats is way off. Sigt had a supply of 137 million coins and a market cap of 5-6 million dollars before things went south. Based on your estimate Straks would have a market cap of 60 thousand dollars after the swap. That's absurd. Straks is a better project, both from technical point of view and developer wise so obviously Straks' market cap after the swap should be higher than Sigt's market cap.

I see some people complain about the swap and it's sort of understandable -  having a market cap of let's say 5 million dollars means you're late to the game if you don't own any Sigt. However, what you need to realize is that a lot of money was invested in Sigt and that money now gets transferred to Straks. It's not like the existing owner of Sigt get their Straks coin for free - in fact most Sigt owners have paid much more for their coints than the current value is.