Good day. Question after the announcement of the merger. What is the value of the coin today?
The final value of the coin will be announced shortly. But based on the fact that 27.150.000 RPB was distributed to Public Sale and the Korean partners bought everything, the price of the coin today is $ 1.84.
I didnt want to talk any more about Republia, but unfortunately I have to react on putting disinformations from theirs members which can put investors in jeopardy to do actions based on lies.
Project Republia is over. Koreans bought part of theirs technical project to make for them ETH blockchain version.They will fund it in full,it is now Korean project,they made new company - Paxchain and people from Republia are just hired to do it.Nothing more and nothing less.
There is no Republia any more,now it is Paxchain.Koreans are funding project in full, so it is not joint venture or company merging,just takover of Republia blockchain developping staff to make ETH version of blockchain for Paxnet.But now it is more than obvious that there are ones who are not satisfied with that and they are wanting to restart economic part of Republia project, spreading lies how Koreans bought RPB coins for $50 millions - 27.15 millions of RPB coins for $1.84 per each.
Koreans didn do that.They are not interested in economic part of Republia project, especially not for buying worthless RPB coins.It is deliberate spreading of misinformations to deceive investors how Koreans bought RPB coins,making false hype about it before putting coin on exchange,make pump and then massive dump on naive investors.
Even if Koreans would like to launch coin,they certainly would not launch coin under old name.They will use name of theirs new company Paxchain to launch Paxcoin or something with Pax in the name.
Koreans didnt buy RPB coins,but they will fund part by part now theirs project of blockchain developping.Investing sum is far,far less than $50 millions,maybe 5-10% from that sum( it is not enough money for some in old Republia).
Even if they wanted ,Koreans would not have $50 millions for that. From latest stock exchange report theirs quaterly profit is around 1 billion KRW or about $ 900.000. For a year Paxnet made profit of just $3.5 millions. Koreans yearly revenue is about 20 billions KRW or $17.8 millions of dollars.So ,investing $50 millions in Republia is theirs 3 years revenue or 17 years profit - mission impossible and one more stupid lie made to deceive investors This is financial report from 2018 about Koreans company Paxnet - all sums are in KRW ( 1 USD is 1121 KRW) so everybody can see how investing $50 millions in Republia tech part is just a big lie( 50 millions of KRW is much more likely) :
https://www.google.com/search?q=KOSDAQ:038160&tbm=fin#scso=_yzY1XK-BBIa2kwXl54zIBw2:0&wptab=OVERVIEW