Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
Eadeqa
on 01/06/2014, 20:08:03 UTC
I can not understand why NEM stakes are sold so cheap on the asset exchange

Not sure if it is that cheap. The current price means $5MM market cap, which would make it around #15 crypto coin - and this even before it actually exists! Maybe there is a reason for this though, I'm still very very noob when it comes to NEM or NXT.

actually the true value is less than a quater of that.. there were only 1000 stakes issued and less than half sent out.. you can only logically go by the coins in circulation

Less than 300  stakes were sent. So 300 * 1 million, is 300 million coins

That will put marketcap a lot less than $5 million