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I like the project, but I'm concerned that the recent rise in value of ETH will give it an unrealistically large market cap straight after ICO.
If all pre-sale tokens sell and then all remaining tokens sell in main sale, the result from sale of 600 millions tokens will be:
1. Pre-sale: 4,348.00002174 ETH
2. Main sale: 57,973.3332971 ETH
TOTAL: 62,321.33331884 ETH (at $1,208.99) = $75,345,868.77. That is already quite large for the current climate, but keep in mind it's only 60% of the tokens, so actual market cap is higher. Additionally, if the price of ETH increases between now and main sale the market cap will also increase.
My question: Is there any intention to put a dollar cap on the ICO, or will it simply be left with the ETH cap?
Edit: Spelling.
If all pre-sale tokens sell and then all remaining tokens sell in main sale, the result from sale of 600 millions tokens will be:
1. Pre-sale: 4,348.00002174 ETH
2. Main sale: 57,973.3332971 ETH
TOTAL: 62,321.33331884 ETH (at $1,208.99) = $75,345,868.77. That is already quite large for the current climate, but keep in mind it's only 60% of the tokens, so actual market cap is higher. Additionally, if the price of ETH increases between now and main sale the market cap will also increase.
My question: Is there any intention to put a dollar cap on the ICO, or will it simply be left with the ETH cap?
Edit: Spelling.
