Post
Topic
Re: [PRL] Oyster Pearl predictions
by
yeapyngcn
on 26/12/2017, 19:44:00 UTC
Defo agree this is potentially a market disrupting technology and concept. However, can some explain the following question to me???

According to this article below:
https://blog.icoalert.com/ico-alert-report-oyster-ffda53924db6

The PRL coin is pegged to storage. I.e., 1 PRL buys you a 1GB storage on the pearl network for 1 year. So now if you look at cloud storage prices ranging from $0.1 to $0.24 for the same service, how can PRL price be at what it is at now??? For an end user, I can understand if they prefer anonymous distributed storage over say Google or Evernote services, but at a more than 100% premium???

Unless someone can explain this to me as I can easily be missing something out here, but if I'm not, then personally, I would value PRL realistically between $0.1 to $0.35, anything beyond this range represents trading opportunities given the fundamentals.