well, from what i can see there are around 240,000,000 EON
which means that selling EON tokens at $1 a pop would give exscudo a 240Million market cap
this places it at the current 26th spot in terms of coin market cap.
below coins such as
-populous-
-stratis-
-waves-
-ark-
~~from what im reading and from what i am seeing, this sounds like a somewhat fair valuation for bounty hunters to dump at~~
if you give EON a price of .50 it would give a 120 million market cap placing it under
-sia
-byton
-walton
-digidao
~~i never even heart of most of these, so selling EON anywhere around .50c is completely foolish as some of these coins are genuine vaporware~~
if you believe in the multiplier price deduction myth you would sell the coin at around .25 cents or less giving EON a total cap of 60 million
putting it under coins
-atmchain
-nxt
-vechain
-chainlink
-ripio
~~ most of these are trash coins, holding EON is too heavy that you are willing to let go at this price, by all means. but this is what you are comparing it to.~~
im just some random dude, my financial advice shouldnt be taken seriously but from what i can see for the people looking to sell accounts or dump at the first chance they get, im going to go out on a limb and say EON tokens should at
least be worth $1 simply going off the market cap and competition of the coins in that range more likely
even higher, also note that market cap is based on
circulating supply. All i know is that there are 240 million exscudo based on the website, im not sure how much of it is actually circulating.
I think they were definitely (iirc) reserving some for future expenses but it was so long ago I've forgotten and could be remembering one of the other countless ICO's since then. This must be somewhat what the internet bubble guys felt.
Obviously there will be serious projects, and I think EON is one of them...when a team takes the real time needed to complete such complicated tasks, it shows real drive and logic...opposed to these vapor coins like you've listed.
I know it's not 'scientific' but your logic seems spot on with how I was seeing it as well. Sure, in the world of physical goods, getting 7x the goods would logically lower the value (assuming there's not some secret agreement to not sell below X dollars) but many, MANY people investing didn't know the timeline let alone that they would be getting the 'burnt' bonus. So just based on simple economic logic, the coin is at the very least worth the .0002 btc (at the time it was what, 11 or 1200?) per coin, as they were willing to pay that for the crowdsale with no expectation of the bonus. Actually even if you knew about the bonus, you'd have no way of knowing that the crowdsale wouldn't sell out...so it doesn't stand to reason that 7x more coins equals 7x lower value per coin.
That said, it's up to whatever people offer it for, and even coins like waves I don't think have the same appeal even so simply as visually and name-wise.... EON gave me the same feeling I felt when I looked through the list of tokens on poloniex and saw some weird thing called Ether being traded and it had it's own blockchain...that was at $3 so I follow that feeling and EON not only had a great name, message and vision, but it just had that eye-catching draw that made me look into it.
I think this coin will be a winner just because there are too many other 'projects' trying to be different or exciting or whatever...when the case can be made that a simple structure that is just more easily usable/adaptable than the king Bitcoin could develop a substantial user base. When you try too hard to seem unique you might just end up one in a crowd of douches. EON has a simple (yet complex) set of goals and they're taking their time yet not doting around.
I think it will certainly open at or around $1, but the fact that they ARE taking their time and not jumping straight to paying the bittrex fee and getting tokens to market just increases demand more. So many people are keeping an eye on this annoyed that they missed the ICO, and you can bet they'll be there in the early days of official trading.
actually i just had a look at the whitepaper again and saw that 20% of EON coins are going to be held back from the market this is 48,000,000.
this will make the circulated amount total 192,000,000 which at a $1 per EON price puts us right under
-ardor
-bitshares
-komodo
-augur
-bytecoin
and i know EON is a better coin that these other shitcoins, so the 192 million marketcap is actually too low.
as a non-expert random guy on the internet im going to fix my previous price speculation up to
at least $1.25 per EON putting it back in the ~"
underpriced"~ 240 million market cap
of course this is just my opinion and it's all speculation, this is just advice for people trying to sell accounts or bounty hunters trying to dump first second.
i can reasonably see EON at around the 20th spot on the market cap list within the first few months of hitting markets Q2,Q3, which is valued around high 300 million to high 500 million.
also IF and only IF the Exscudo team delivers the products and maintains pace with the white paper and media like they are doing EON, COULD be around the top 10 spot ranging from high 800 million to almost 2 billion.
as much as i believe in exscudo, especially to give me a huge windfall, i cannot claim that it will be a solid top 10 coin, at least not in 2018.
this is because ALL coins in the top 10 have working products and are widely circulated, some of them are weak and can be dethroned but then the coins in the low 10 spots are also quality coins as well, that would take their spots, such as the undervalued OMG, QTUM and even NEM.
it would be a hard fight to put exscudo in the top 10 area, but looking at the promises, emails, work ethic and communication from the team it looks possible, definitely achievable by the end of 2018 if the planets align.
but i expect exscudo to float around the mid 20's spot on release.
here you, this is all estimations and honestly it was just guesses on my part.
if you look at the coinmarketcap and compare the coins in those price ranges you can kind of guess where EON COULD land.
taking in new developments and the fact that not many people know about EON however those who do want it.
im going to guesstimate a price range between .75 to 1.25 a pop. Simply because i believe in the technology and the team's dedication to security and stability shows amazing effort not shown by many teams in the crypto world.
but of course no one knows what could change between now and then and it is apparent to me that in the crypto world, quality is not necessarily= value.
ESPECIALLY considering EON moves extremely slowly, and now there are even more competitors out there than when EON was first brought around
kucoin, binance, cobinhood to name a few.
and these are ALL good competitors too.
Cobinhood gives you free ICO coins that undersigns with them depending on your cobinhood tokens.
Kucoin offers a lowered exchange fee AND gives you a percentage of their exchange fees based on your kucoin tokens.
binance which i dont know what their schtik is but they seem to be quickly growing.
also added to the fact that current existing exchanges also seem to be growing and some declining.
being completely honest here, i do like EON and the white paper is great, the team is very vocal with the weekly updates. it gives me confidence in the product.
but to this day i STILL do not know what benefits EON tokens confer.