[MTC] [Docademic] [Free Basic Healthcare] Doc Speculation

[hotforblockchain]

@hotforblockchain
I'm not sure about the prices and marketcap thing so I won't talk about it now, what I know that the total supply has been reduced.

In this case , it is even more weird. The only rational explanation for marketcap increase at the same price level is that supply could have rised significantly. Reduced supply would mean the complete opposite.

I have yet to recive an answer in their telegram channel as well.

[1715385614]

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[1715385614]

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[1715385614]

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[akamit]

@hotforblockchain
I'm not sure about the prices and marketcap thing so I won't talk about it now, what I know that the total supply has been reduced.

In this case , it is even more weird. The only rational explanation for marketcap increase at the same price level is that supply could have rised significantly. Reduced supply would mean the complete opposite.

I have yet to recive an answer in their telegram channel as well.

In the beginning, MTC's total supply was 1 billion and the current total supply is 783,285,021 MTC according to CMC.

This is the contract address for the burned MTC 0x34afa7ff9a8eb4d8e61145ca81e2d0dab7b03662, the amount is 216,714,979 MTC

1,000,000,000 MTC - 216,714,979 MTC = 783,285,021 MTC

So it is for sure that there is no hunky punky with the supply because everything is transparent. However, I'm not sure yet about the marketcap what you've mentioned. I hope you will get an answer from their TG.

[hotforblockchain]

In the beginning, MTC's total supply was 1 billion and the current total supply is 783,285,021 MTC according to CMC.

This is the contract address for the burned MTC 0x34afa7ff9a8eb4d8e61145ca81e2d0dab7b03662, the amount is 216,714,979 MTC

1,000,000,000 MTC - 216,714,979 MTC = 783,285,021 MTC

So it is for sure that there is no hunky punky with the supply because everything is transparent. However, I'm not sure yet about the marketcap what you've mentioned. I hope you will get an answer from their TG.

This means that the only way that the actual supply of tokens could have changed is that they released tokens which were locked for the team or partners.
The icobench page states that there was 350'000 tokens initially for sale. According to your math, it would mean that currently there is 2,23 times more tokens than initially. Thus the market cap at constant price now and then should be also 2,23 bigger.

But when I take a look at coinmarketcap data, i get this:
May 12 2018
Marketcap:3,235 million
price: 0.0174

Jue 27 2019
Marketcap 12 million
Price 0.01737

Market cap has increases 3,7 times. So it does not fit the supply calculation increase.

The Telegeram is useless, I tried to bring this matter to attention several times. Only answer I get is from people who are calling for 10$ price and does not care about anything.

Maybe i should try to tweet them.

[akamit]

This means that the only way that the actual supply of tokens could have changed is that they released tokens which were locked for the team or partners.
The icobench page states that there was 350'000 tokens initially for sale. According to your math, it would mean that currently there is 2,23 times more tokens than initially. Thus the market cap at constant price now and then should be also 2,23 bigger.

But when I take a look at coinmarketcap data, i get this:
May 12 2018
Marketcap:3,235 million
price: 0.0174

Jue 27 2019
Marketcap 12 million
Price 0.01737

Market cap has increases 3,7 times. So it does not fit the supply calculation increase.

The Telegeram is useless, I tried to bring this matter to attention several times. Only answer I get is from people who are calling for 10$ price and does not care about anything.

Maybe i should try to tweet them.

Let me try to explain... Writing on the basis of Docademic's whitepaper.

Total Docademic Supply Was 1,000,000,000 (1 Billion)

35% (350,000,000 MTC) Offered to the public
30% (300,000,000 MTC) Ecosystem
20% (200,000,000 MTC) Management / Team / Shareholders
15% (150,000,000 MTC) Strategic Partners

According to the whitepaper the team must hodl for 1 year, the tokens they got were locked.

The Lockup Period for team tokens is one year with a “Cliff” during the year.

And their strategic partners also hodl the tokens for long term by contract agreement. I assumed the contract was for 1 year also as like the team.

Any Strategic partner that receives tokens must hold long term by contract agreement.

So according to ICObench, the ICO has ended on 15th April 2018.
The current date is 8th July 2019, so if we notice that the one year period of lock time has ended and team's/partner's token added up to the total supply, most probably.

Now if you calculate 35% public tokens + 35% team/partner's tokens then it will be 70% of the total supply.
They burned about 21.67% (216,714,979 MTC) and now add the fraction percentage of about 8.33% with 70%... that's the total supply now.

I hope that makes sense... if not then please read the whitepaper.

So far I have seen Charles (CEO) be very transparent and that's a good thing for the global rise imo.
He's working non-stop afaik from social channels and I hope that by this year we will get some solidly good news. Such as Lifechain, new exchanges, marketing campaigns and much more.

[bongbong2014]

The total coin circulation of DOC has increased significantly, I remember when the DOC price reached 0.3 $ capitalization is only at  60 million $, but now to reach the price of 0.15 $ its capitalization must at least increase to 100 million $. So I will rethink the profit it can bring.

[hotforblockchain]

...

Thanks, it makes sense now. It also gives potential explanation where the team got additional/ planning to get additional funds for their operations.

The total coin circulation of DOC has increased significantly, I remember when the DOC price reached 0.3 $ capitalization is only at  60 million $, but now to reach the price of 0.15 $ its capitalization must at least increase to 100 million $. So I will rethink the profit it can bring.

Yes, this is a important point. Traders should not expect as easy run up as previously. My prediction is ~ 60 mil market cap is the max which can be achieved if no new good exchanges are added to mtc market.

[hotforblockchain]

10. MTC has never been on any other major exchange besides Kucoin, think what happens when they will expand towards others.
11. They will expand towards other big exchange markets
12. While all coins are dropping, MTC still remains very strong (short term wise)
13. Reaching 50% of their ATH is still very profitable, imagine reaching their ATH or even surpassing it which is very likely to happen.

Expending in other exchanges, takes a lot of money. Binance costs 1-2 Million USD to list there this is if they decide that token is worthy.
The token price is not high enough for team to invest such large amounts in this kind of expansion.

I would say that reaching ATH is not very realistic with no new big exchanges, ATH would require about 450 million USD MC.

That being said the price situation looks quite good now, while market is dropping again, MTC is slightly up.

[akamit]

Expending in other exchanges, takes a lot of money. Binance costs 1-2 Million USD to list there this is if they decide that token is worthy.
The token price is not high enough for team to invest such large amounts in this kind of expansion.

Charles (CEO) had a conversation with CZ, Charles mentioned this in one of his AMA. Money is not everything to list on Binance but there are maybe other factors which CZ asked Charles to work with if I'm not wrong.

Check this thread > Crypto exchanges comparison [trade fee + listing fee + age + mobile app + more!]

The listing fee for Binance is written Free to 150 BTC, so if it is true then this could mean that if a project is strong enough than Binance may consider to list it for free and we know DOC is a solid project with a strong team and community support.

Even if Binance asks for money, I believe DOC has that capability to ensure listing on Binance. Afaik DOC is a project which will get enough investments from large medical/research firms from worldwide.
Current marketcap is not everything as well and DOC hasn't even started their marketing campaign yet which may pull new investors which may lead to marketcap boost.

What I believe is that the DOC has the potential to grow to a giant in cryptoverse.... The engine yet to start!

[Juse14]

Hell yeah, of course i skip this shiling crypto.

I heard the team from John McAfee have a problem with MTC & HitBTC. Their own team selling & dump the token at HitBTC and make some drama at their, a lot people already lose because of the dramatic scene John McAfee with HitBTC.

I never getting into a shiling action from John.

[akamit]

Source: Blockfolio

Doc.com in plans with Grupo Vallas to launch Crypto ATMs across 2000 locations in Europe and Latin America. The new rollout will bring Health and Financial management options at the touch of a button for everyone. https://doc.com/2019/07/23/crypto-atms

Btw, you can get Doc's news via Blockfolio's Signal Service.

[hotforblockchain]

Charles (CEO) had a conversation with CZ, Charles mentioned this in one of his AMA. Money is not everything to list on Binance but there are maybe other factors which CZ asked Charles to work with if I'm not wrong.

Interesting, was not aware of this information, thanks for sahring.

Check this thread > Crypto exchanges comparison [trade fee + listing fee + age + mobile app + more!]

The listing fee for Binance is written Free to 150 BTC, so if it is true then this could mean that if a project is strong enough than Binance may consider to list it for free and we know DOC is a solid project with a strong team and community support.

Not sure if the fee is up to date. I know that IEO costs 250 BTC which includes listing. I imagine that listing fee is close to that.
I know that the abilty to pay the fee to Binanace is not even close to deciding factor for Binance to allow listing but have not heard about free  or lowered listing fees there . I hope you are right about the possibility of not paying the huge listing fee.

I think that MTC is one of the top 5 coins which are worthy of Binance listing .

Doc.com in plans with Grupo Vallas to launch Crypto ATMs across 2000 locations in Europe and Latin America. The new rollout will bring Health and Financial management options at the touch of a button for everyone. https://doc.com/2019/07/23/crypto-atms

Awesome. I see that biggest problems will be with regulators . Again have to hope that their alliance will be able to overcome them.

[darewaller]

been supporting since they start.. but when mcafee and the hitbtc incident i lose their track.. now i bump into this thread and reading a great news about them 

I was a very good fan of docademics too, and they were really going far before the waves bear hit them, and they could not withstand it, but I wonder why they could not because their project was actually like the first in the health sector and many people believed so much In them, if the team had actually done better or work harder, I am sure that by now, docademics would have been among the best coin in the market till date.

There is still hope for them anyway, I hear Mcaffee speak of them of recent too, when I saw the recent news of Mcafee speaking good of it, I felt kind of relieve because I thought that I was already holding another shitcoins, if docademics had turned shit coin, then I would have lost faith in research because I really did researched on docademics before investing in them.

[hotforblockchain]

.

There is still hope for them anyway, I hear Mcaffee speak of them of recent too, when I saw the recent news of Mcafee speaking good of it, I felt kind of relieve because I thought that I was already holding another shitcoins, if docademics had turned shit coin, then I would have lost faith in research because I really did researched on docademics before investing in them.

It is hard to determine if the Mcafee is good factor or bad for this project.
His tweets were very good marketing after the ICO and definitely helped with the hype which led to huge profits.
But going forward in many eyes he is like a red flag not to look more into MTC, because he is there and is strongly associated with shitcoins.

As you can read in this thread MTC is doing many great things and if you look into this project more you will understand that Mcaffe is small factor and does not show the real quality of it.

[akamit]

It's been a long time since I last posted with DOC news... Sorry about this - I had some busy time.
I also haven't followed much, so didn't know recent updates of DOC but below is a post made in TG from a member. I hope these are the most recent updates...

I'd like to update BitcoinTalk Community, those who are not much active in TG.

Source: https://t.me/docToken/590265

Let me get this straight.... This month, which is about a quarter done already, we can expect:

(1) The crypto economy will be up and running, showing the metrics so anyone can see the data on the DOC.com site. This includes how much MTC is being paid to patients, and how much DOC.com is buying back from the market.

(2) The core updates will be done for the doctors' part of the system.

(3) The redesigned site will be viewable this month. You’ll be able to ask a question in text form, in any language, and our doctors or psychologists will be able to respond to them.

(4) Charles will be doing a second AMA at the end of this month [October] to explain the new design of the site. Charles will give a tour of the new site. The new site will also include a merchandise section.

(5) A round table with some of the development team and Charles will be held October 25th.

(6) Charles has a dinner with Joe Rogan and a couple of other people in LA at the end of October.

(7) Charles will be meeting one of Messi’s team members in Mexico next week. They are very excited to be doing something with DOC.com. Messi and all the other avenues of marketing are definitely in the works.

(8 ) Docasoul will hopefully be back.

(9) A current list of the top members of the DOC team will be provided.

(10) A current list of the 24 countries DOC provides service to in Latin America and other areas will be provided.

(11) The McAfeeDex Launch

(12) McAffee is still on standby as a promotional advisor.

(13) Potentially a massive ALT season

Next month [November] we should have the diagrams and other details added to the white paper.

What is more, DOC expects to have the Panama MOU in as little as 30 days from now, and the Guatemala one, potentially before the year ends. DOC.com already has an LOI with the UN, directly from UNODC. They have made the document public and are still working on executing the MOU.

Let me know if I missed or misunderstood anything. Why the price is so low, is a very good question.

[akamit]

A little update to inform my beloved Bitcointalk community.

Doc.com Public Crypto Economy Metrics can be seen now on DOC's homepage. For more details, read!

[redsun114]

A little update to inform my beloved Bitcointalk community.

Doc.com Public Crypto Economy Metrics can be seen now on DOC's homepage. For more details, read!

Oh, so the teams of this project are still very active? I didn't know because it has really taken a very longtime that I checked them out because of the way that they dumped the last time I check and I think I was so much discouraged after the dump because I expected them to really work like the way binance worked because of the hype that they created and because they were actually the first I think to have such health concept in the cryptocurrency.

It was this that made many people to so much invest in their project which I also did, but now that they are giving back update, let's see exactly what they have for us if it is something that is encouraging And something that we feel can sort out their declined value to make it pickup again. I know there is bear market, but not supposed to affect them that much.

[akamit]

@redsun114

DOC was/is always active, never got slow or whatever from the team's end. It's maybe the process of achieving something which takes or took a long time. DOC is a real project with a strong team. Working behind the scenes nonstop without any rest as far I know.

Expansion to other countries requires time in processing legal things I guess.

One thing imo took some time to settle is updating how DOC app will work after the requirements came to know from their clients. Their clients wanted the data in a different way than the system was implemented at the beginning and it is now settled.

Currently, DOC is planning for a massive marketing campaign which was the only thing missing and it will be started soon enough if I'm not wrong... I just follow TG to get some info, you may also want to follow?

Charles once said that he talked with CZ (Binance CEO) about listing DOC. Maybe for the above issues it is still not listed. But I hope it will get listed in Binance, Kraken in the future as mentioned by Charles in the past.

The price drop may be caused because of 2019 ALT bleeding and DOC is always unnoticed because of the lack of marketing imo. I just hope 2020 will be a good year for DOC.

[CjMapope]

ya im surprised this one is still alive, i admit i didnt think it was doing much either : /
Thanks for the updates man, medical industry is a great use case for blockchain, but theres just so much red tape in that industry
I await Binance, that would definitally solidify this going forward im sure

[akamit]

Sorry for not updating last few months...

DOC has been launched to USA (in some states). Tracfone, Safelink, Simple Mobile, Total wireless are doing the job out there. More states to come in batches.
Here is a map created by a community member to make it more clear.

[jahepahit]

I don't know for sure about MTC, but I still support the project you are referring to crypto enthusiasts, and hopefully your project will run successfully and smoothly.