Re: [ANN][TAO/XTO] Tao - Real Solutions for the Music Industry!
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I think that's a somewhat apples to oranges comparison because they work a bit differently,
Differently how? Specifically, what additional benefits does the artist get that would motivate them to give up a siginificant portion of money to Bryce et. al.? Cause as far as I can tell, they get neverending additional obligations ("proof of fan") to anyone who has ever held a certain amount of their cryptocurrency, for no actual gain apart from the money from the initial sale (which, as mentioned, they can do cheaper and easier as a kickstarter or similar).
In other news, I see some fancy graphic that is posted in Slack and Discord, and, again it's just full of inaccurate or misleading statements.
The launch was not "capped at $100 000".
AltMarket, Inc was not founded in 2017, but 2014
And only by a very generous reading could you claim that Tao has a "market price" of 5099 sat (or, for that matter, that it started trading at 151 sat). A more realistic reading gives you around 1000 sat on release, and around 3-4000 currently.
Seriously.
And then there's the other stuff...
Dude, you are clearly living in an alternate reality of your own imagination. What is wrong with you? 😂
The market price was the actual effing last trade price on the active market at the time he made the image: https://qtrade.io/market/TAO_BTC
Do you not even know how to use Blockfolio or check the order books?? 🤣
Bryce is probably calculating from the ATL which I think was around 140-150 sats. From memory, the sale brought in about $100,000 there were what 30,000,000 Tao disbursed which gives you about $0.0033 per coin. Pretty sure the price of BTC was somewhere around $580 or so at the time. Where are you getting your numbers from?
Watch the livestream on Friday, you confused silly person.
To be clear, the only sale at 5099 sat was for *drumroll* 10 tao.
So a whole 2 dollars worth of tao has been traded at that price. Congratulations! Meanwhile, in the real world, all the major trades (before and after that peak) have happened at around 2-3.5k sats.
Ah, ATL is "initial trading price" now? I guess that's good news for various assets that were massively overvalued at launch.
The point here is: for an asset with such an extremely noisy market as TAO (you can literally push the market up or down by massive amounts with a single sale), it's hardly honest to measure ATL to ATH and claim that as the norm.