Hello all
I invested in ETN with 30% bonus, I put about 1000$ and get 85k ETN
It mean I pay 0.011$ per ETN.
So now I'm trying to estimate the price of ETN the 1st november.
The marketcap was stopped at 40m$ for 24 000 000 000 ETN...
but currently we don't know how many ETN has been selled during the ICO?
Someone has the answer ?
thanks
Total coins to be mined over the many years is 21 Billion, not 24 Billion
The total # of coins sold in the ICO is 4.4 Billion.
Ok it means that we currently lost about 10% cause we bought the coin at 0.01$ and :
40 000 000(marketcap)/ 44 000 000 000(supply) = 0.009090 $
Why did you stop the sell at 40m dollars ......................... ?
I get where you are going with this, but supply and demand have to be added into the equation, as they pull the biggest weight.
How many people will sell, and how many people will buy? This is what will give us the price.
It is incorrect to say that we "lost" anything per se.
I would also point out that the scam exchange, etherdelta, had fake eth/etn pairs yesterday, and they went from $.02 to $.21 in about 5 hours, selling 4 million fake ETN.
Its a shame those people got scammed, but 21 cents in HOURS is impressive, especially considering that the majority of buyers would have known that ETN doesnt go live until Nov 1st.
So with a fraction of the total demand, we went up 20x from ICO price in HOURS.
If you want to continue to discuss this, Id be happy to in our Electroneum Speculation Thread:
https://bitcointalk.org/index.php?topic=2172271.120;topicseen40 million was the Hardcap, which was hit 11 days early.