I keep reading people claim this project is an "overvalued idea". What they must not realize is that Peerplays is already 80% developed, since they are using Graphine as their platform.
It's like they have a jet engine (Graphine), and they are going to put wings on it. And every other crypto group is tinkering with the steam engine. Just my 2-cents.
It's like they have a jet engine (Graphine), and they are going to put wings on it. And every other crypto group is tinkering with the steam engine. Just my 2-cents.
Cool, its almost developed. Where are there users/how much money are they generating? Oh right.
$4MM is absurd for a crypto start-up in the gambling space that has absolutely 0 traction. The market is not nearly as big as you think it is, yes it is growing, but customer acquisition in the gaming industry is incredibly difficult... Players rarely leave casinos they are already a part of.
How is there $4 million into this? Only 200k tokens have been offered up...even if all of them were sold for $3 each that's only $600k!
This is a platform not a coin...
Some people don't even read the documentation before they invest...
Seems to me that you are the one that doesnt understand whats going on.
There are 1 million coins offered, with a price of $3 during contribution phase. Assuming the price stays the same upon launch the overall project would be valued at 3 mio dollars.
He's wrong and you are wrong too. The final number is not know until the auction style crowd sale ends. People who bought during the $2 sale were buying as if the valuation was $2mil, people who are buying now for $3 are buying as if the valuation is $3 mil, however what is going to happen if the auction crowdsale puts the final token price at $0.5 or at $10?
All we can say for certain at the moment is that 20% were offered in first round of funding for a total of $500,000 which should put the initial valuation of the project at $2,500,000.
As far as I know the market cap is the amount of coins x the latest exchange price.
Current market cap and funding valuation are 2 completely different things. People are debating whether $2-$3 per token is too much based on the total amount of available tokens and the fixed sale price for the first 200,000 tokens. I just pointed out that neither $4 mil nor $3 mil was accurate.
