Only 26% circulating supply
VC’s bought 25% of the network in 2018- their tokens are fully unlocked, bought in at a 16 MILLION DOLLAR valuation (public offering 2000X VC valuation)
ICO valuation was $1.89B (Public Offering Price 16X), token unlocks monthly, at a year ICO tokens are fully unlocked (4.75% of the total supply)
Further air drop in 2018 of 1.25% of the total supply to CoinList users.
Why did Coinbase list this garbage? Well, A16Z is one of the largest investors in Coinbase and Dfinity- you scratch my back I’ll scratch yours.
They do have underlying good tech- but you’re fighting an uphill battle, if you really want to I’d buy in at $50-$60 tops. Let people unaware of the tokenomics buy it up and sell, but honestly there’s better opportunities on Coinbase like $ATOM, $SUSHI, etc.
Just my 2c.
VC’s bought 25% of the network in 2018- their tokens are fully unlocked, bought in at a 16 MILLION DOLLAR valuation (public offering 2000X VC valuation)
ICO valuation was $1.89B (Public Offering Price 16X), token unlocks monthly, at a year ICO tokens are fully unlocked (4.75% of the total supply)
Further air drop in 2018 of 1.25% of the total supply to CoinList users.
Why did Coinbase list this garbage? Well, A16Z is one of the largest investors in Coinbase and Dfinity- you scratch my back I’ll scratch yours.
They do have underlying good tech- but you’re fighting an uphill battle, if you really want to I’d buy in at $50-$60 tops. Let people unaware of the tokenomics buy it up and sell, but honestly there’s better opportunities on Coinbase like $ATOM, $SUSHI, etc.
Just my 2c.