Ninjastic
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Board Tokens (Altcoins)
Re: [ANN]|DUSK Network| Privacy-oriented chain specifically for Digital Securities!
by
king_of_alts
on 30/07/2019, 15:28:33 UTC
Quote from: wissy on July 30, 2019, 03:06:01 PM
Quote from: magisterr on July 29, 2019, 08:01:17 PM
Quote from: o48o on July 29, 2019, 09:28:10 AM
To anyone who is worried about the price: Marketcap is peanuts now and even when it hits 500m it’s tiny anyway compared to thing they are trying to archieve.


It could not hit 500 mln. This was a total supply tokens, and 50% of tokens were for token sale (250 mln), but Dusk had token sale in hard time and only 56% were raised (so there were sold only 140 mln tokens. This 140 mln as I understand from their schelude will be unlocked in 12 month? team and advisors tokens has vesting time too. So this is really low cap for such project on Binance. Matic, Harmony etc, has much more cap even on this deep  Roll Eyes

I cant seem to understand your logic. Yes, they sold 140 million tokens but but that doest mean token price cant go up and marketcap reaches 500 million or so. I would say this wouldnt be a surprise because the project is already doing great.

Yes, they could reach 500mln market cap. MAybe he means that they had a hard time raising money in the first place and that there could be selling pressure from the vested coins. This could make it difficult to reach 500mln.