Quote from: Za1n on May 06, 2023, 10:01:37 AM

Quote from: safar1980 on May 05, 2023, 12:38:53 PM

a16z (Andreessen Horowitz) bought this coin for $4.53 in Round A, and now anyone can buy it for $3.44. And the investor seems to receive coins not now, but in a year.
https://dropstab.com/coins/iron-fish/fundraising
And the mining of this coin is now unprofitable.

You can buy it now for sub $3.00 ($2.99, as I type this, on Kucoin).

Series Seed investors (about 6 months or so before Series A) received 4,158,000 Ironfish tokens in exchange of a $5,300,000 investment. This works out to around $1.27 a token.

The way things are going we may get near that price in a few more weeks. Also, besides the 10 million tokens purchased by early investors (Series A and Seed), there are 32 million more hanging over everyone's head ready to drop over the next 2 years.

Sub $2.00 may be a good price, but this is only if you believe in it long term.

On the flip side, the early investors have a lot of dollars riding on this and they are not going to want to see their investments vanish, so I expect a pump at the appropriate time. Still a year out at minimum as that is when the first funds start to unlock.

On the other hand, this coin is constantly mined by miners. Profit is small and it is unprofitable to sell the coin at such prices. If I mine this coin now, then probably the first price range for sale is 10-12 dollars, which now looks unattainable.