Hi!
I have an issue with the short term value.
As far as I understand you raised 377 btc during pre-sale and 828 btc so far during main sale.
The pre-sale was made in cooperation with IcoBox, in which participants could use icobox tokens to buy your tokens at 75% discount, correct?
I conclude that must mean that at this moment in time about 64% (377*4/(377*4+828) = 0.64) of the tokens has been bought at 75% discount, correct?
Won't that put a strain on the token value when tokens are released on the market?
People might just sell at lower than ico price since they still make a nice profit.
I admit I haven't looked into the ico very much. It does interest me, but this above issue prevents me from investing atm.
Comments?
Maybe I have misunderstood something
Thank you for your interest and such a deep analysis!
You are right about our cooperation with ICObox, particularly we participated in ICOS, campaign for token swap.
In scope of ICOS you receive 75% discount if you invested via ICOBOX. However, there was only 96 hour period from the time it shows up on the site to the time it closes, and the amount of ACE tokens available for swap was limited too.
Even though ACE token swap program was oversubscribed, that doesn't mean that all raised 377 btc during pre-sale were bought with the 75% discount
The exact amount of tokens which were distributed via ICOS will be published separately.
Regarding the issue how do we see the token price grow, first of all, ACE is a product token which offers unmatched opportunities, like hours of training with players, meetings, tickets, advertising with celebrities for platform users, etc. These services are bought for tokens. The more often a token is used, the better it is for all participants.
Second, agency commissions will be paid in tokens. As TokenStars develops, the number of sponsorship contracts signed by the players will grow. As a result, the agency commissions will grow. Accordingly, sponsors will convert our commissions into tokens, which means buying tokens on the market. The more revenue, the more we buy. This positively impacts the internal economy.
You are more than welcome with more questions if you have any! And thank you again for rising up such an interesting question!