Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$
Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.
Um, that ain't how it works. The devs agree to mint 100M tokens. The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors. The presumed market cap is bumped up to cover the remaining 15M ICN. So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M. Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN. With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.
The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property. Their personal reward is separate from their operating expenses.
I think your explanation somehow contradict the previous blog post regarding ICO bounties. No mention of 15M ICN will go to the founders. Instead 2% (2 million ICN) of 100 million shall be reserve for bounties which means a total of 98 million ICN will be distributed to all ICO investors.
The coin from January go only down 6 months now go only down from 2.7 dollars had go to 1.5 dollars
What if you had earn some dcr from stake pool Bullshit If sell now all your coins You will have less from the total amount that you have invest These coin is scam coin
Yes this coin going only down,that is tru!!!
I think it will go down further down the road, would be good to buy DCR at 50 cent each.
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Topic
BoardAltcoin Discussion
Re: What makes a cryptocurrency (alt coin) valuable?
by
skeet
on 23/08/2016, 07:10:24 UTC
Big exchanges, whales and pump/dump group makes a coin even more valuable.
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BoardAnnouncements (Altcoins)
Re: 【CRX】ChronosCoin ★ POS now ★ Penny Auction Site Launched ★ Dividends on chain【★】
FOR REFUND SHOOT ME PM WITH YOUR NICK + BTC ADDRESS.
Greaat work for the update of the site Dev. There are very few that are really dedicated to develop their coin and increase value due to their competitiveness. Other "Dev" just let their community add value to it without doing anything and when the value become high, they dump the coin and run away, leaving their community behind. I can see 300 to 500 satoshi easy in this coming week. Just keep up the good work dev.
+1 dev never ceases to surprise and amaze me.
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BoardAnnouncements (Altcoins)
Re: | STRATIS | The first blockchain developed for businesses |Launched POW/POS
This is how you manage an ICO, Props to Krushang for timely update and smooth coin distribution, big ICO coins with all that coin invested up until now they are still struggling to fix the mainnet.
You mean rise? Rise sucks, raised 1700 btc and now the price is half of ico price.
And their network is unstable, fortunately the dev is fixing the core, not running away with funds.
They are really fixing it, while selling some coins on the sidelines to increase their funds even more.
To earn divedends you need to own .5% of total supply? What is the number approximately of crx one should own to receive divedends based on this percentage of total supply? Thanks sorry if this has been answered already i would like to get some coins and wanted to get enough so i can join in the party 😆
Around 345000 CRX with regards to current total supply.
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Topic
BoardAnnouncements (Altcoins)
Re: [RADS] Radium - Bringing Advanced Utility to the Blockchain
I'm impressed with the progress and surprised the market cap is that low. Hope it changes soon. Best of luck!
Indeed! Apart from the great development, people are missing the insane value of staking this coin. Already gained 900 rads since April with my lousy laptop.
Well good for you, let's hope for a massive price rise in the future.
we definitely still did not miss it, i think that the price of etc might still grow right now so im putting some money into it right now to make profit in the future
The Ethereum price is rising at the moment. The price is 0.021 now. The price could rise to 0.025 in the next few days.
Sounds like not a good time to jump on the ETH bandwagon.