Re: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta
There will also be mining, so depending on how hard / easy it is to mine eXo, that is what makes the price.
If miners are able to make a profit at 0.00000300, then I guesss they sell for 0.00000300. If it's at 200 sats, then they will sell at 200. Some just mine to make small profits and jump to another coin.
I've lost believe in the reason of people. Some follow a dump like lemmings, while all indicators point to a fast rise after the dump. Some people just suck at trading or just settle for a few satoshi profit...
We will know after eXo hits a major exchange and the mining is on it's way.
You're right, I forgot about it. So actually the price might be lower than IPO price.
I'm inclined to think so yes...
Think about it: 50 million coins in 6 months. That's 50,000,000 / 183 days = 273,224 coins on average to market every day!
That's got to have a negative effect on the price...
Holy crap, that's a lot.
IPO price : 2nd stage 1 BTC investor gets: 120,029.5418 EXO
That´s does´nt sounds so much, if like 100-10000 person do the mining.....
This is oversimplified, but to keep the price at the 2nd stage IPO level, we will only need about 2.27 BTC flowing in each day.