PRL Price Prediction once Pegged

[mokodisney]

Oyster PRL is one of the more unique tokens on the market because it will be directly linked to a (semi) tangible asset. This means the price will likely stabilize as no one is going to pay for inflated prices when they can receive the same services elsewhere. Regardless, I'm trying to wrap my head around how to predict the price of PRL once the storage is pegged. Currently, we know that 1 PRL will be equal to a minimum of 64GB/yr of decentralized cloud storage. Any public releases did not state a ceiling to the storage value however it is likely not to exceed 1TB/yr, at least in my opinion.

What would be the best way to predict the price of the token will be once the storage is pegged?

My current strategy:

1) Look at various storage levels, ideally 64GB/yr, 128GB/yr, 256GB/yr, 512GB/yr, and 1TB/yr.
2) Compare those to other decentralized storage token rates like SIA and BAT
3) Discount the above prices by say 10-15% to make it competitive
4) You have the price of a 1 PRL

What are your thoughts? I welcome anyone to point out any mistakes I made as I am still learning the product.

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[boolangery]

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

[mokodisney]

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

[ChrisCross86]

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

1 PRL is equal to 64GB that is the difference. Taking this into consideration,
the value 3USD sounds valid.

[Packers1985]

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

1 PRL is equal to 64GB that is the difference. Taking this into consideration,
the value 3USD sounds valid.

A small correction "atleast 64Gb" it could be higher than that.

[penig]

Its good for the growth of the actual product but its not great for token value to peg price to a depreciating market.  Storage gets cheaper and especially when there are these new fangled entrants competing to lower the cost.

[mokodisney]

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

1 PRL is equal to 64GB that is the difference. Taking this into consideration,
the value 3USD sounds valid.

A small correction "atleast 64Gb" it could be higher than that.

The pegged value will be a minimum of 64GB/yr. My personal guess is that it will1 PRL will be pegged at 256GB/yr or possibly 512GB/yr.

[tyz]

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

[mokodisney]

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

[tyz]

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

Thanks, where does the 10 million coins to burn come from?

[Packers1985]

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

Thanks, where does the 10 million coins to burn come from?

They are part of dev funds that are being burned on March 1st...

[Savik]

64 GB is very low, I believe Bruno said 512GB is more realistic.

[mokodisney]

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

Thanks, where does the 10 million coins to burn come from?

I believe they said it's coming from Bruno's holdings.

[Savik]

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

Thanks, where does the 10 million coins to burn come from?

I believe they said it's coming from Bruno's holdings.

Correct, main dev wallet:

https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7

[mokodisney]

64 GB is very low, I believe Bruno said 512GB is more realistic.

512GB seems reasonable. I'm really hoping for 1TB even though its unlikely. It makes the most sense in my head to prepare for future storage needs but also 1 PRL = 1 TB seems like a better pair than 1 PRL = 512GB or 2PRL = 1TB.

[Savik]

64 GB is very low, I believe Bruno said 512GB is more realistic.

512GB seems reasonable. I'm really hoping for 1TB even though its unlikely. It makes the most sense in my head to prepare for future storage needs but also 1 PRL = 1 TB seems like a better pair than 1 PRL = 512GB or 2PRL = 1TB.

Yea good point, I think 1 PRL = 1 TB is very likely

[ptrnyc]

Also it's *decentralized* storage, which I'd expect to be more valuable than mediafire storage. A better comparison would be Amazon S3, and that would make it more like $15+ for 64Gb

[ICO-Master]

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)
PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

1 PRL is equal to 64GB that is the difference. Taking this into consideration,
the value 3USD sounds valid.

512GB seems reasonable.

If we go with the above reasoning, 1 PRL = US$ 0.45 roughly ...

Also it's *decentralized* storage, which I'd expect to be more valuable than mediafire storage. A better comparison would be Amazon S3, and that would make it more like $15+ for 64Gb

however, if we look at this, it is a totally different ballgame.

[Packers1985]

One more good news guys. The team just released the SHL white paper.

[Uzunhahn]

One more good news guys. The team just released the SHL white paper.

Thanks for info. I've seen better whitepapers but still this is good for Oyster.
Here is the link.

[Suspicious link removed]/ShellWhitepaper.pdf