the total supply of peculium will be 20 billion PCL , right? just correct me if im wrong.
looking at the supply, do you think guys the price might even surpass the 100-200 sats floor?
looking at the supply, do you think guys the price might even surpass the 100-200 sats floor?
Indeed. There will be token burns during the CCO phase. You can check it out on this link
https://www.reddit.com/r/Peculium/comments/8256ny/peculium_launches_its_cco_continued_coin_offering/thank you. done reading.
and i just want to quote it for everyone,
Quote
The second important aspect of the valuation of the PCL token is the determination of the total supply of the PCL. The hard cap for our project is to raise € 200M. The majority of this fund is to be used as an essential element of asset management, known as “liquidity provider”. At the beginning of the ICO phase, the total number of tokens was capped at 20 Billion at the rate of € 0.01 per PCL.
€200M / 0.01 = 20 Billion
However, if during the CCO phase the price of the PCL token increases 5 folds (€ 0.05 cent per PCL); the total available supply of PCL decreases to 4 billion.
€200M / 0.05 = 4 Billion
This dynamic relationship between the price of PCL token and the supply available for the sale during CCO makes it a rewarding structure for the individual investors during the ICO. If the ICO investors HODL their tokens and progress of the project successfully increases the demand of the token, at the price of € 0.1 the supply might just be restricted to mere 2 Billion PCL tokens. Because most of these 2 Billion tokens are already sold to ICO investors, there will be a few tokens available to purchase by large institutional investors during the CCO phase. In theory, this should drive the demand of the PCL on the market even further, increasing the price even more.
Therefore we urge our investors to HODL their tokens until the end of the CCO period during which a lot of news is expected to come out.
€200M / 0.01 = 20 Billion
However, if during the CCO phase the price of the PCL token increases 5 folds (€ 0.05 cent per PCL); the total available supply of PCL decreases to 4 billion.
€200M / 0.05 = 4 Billion
This dynamic relationship between the price of PCL token and the supply available for the sale during CCO makes it a rewarding structure for the individual investors during the ICO. If the ICO investors HODL their tokens and progress of the project successfully increases the demand of the token, at the price of € 0.1 the supply might just be restricted to mere 2 Billion PCL tokens. Because most of these 2 Billion tokens are already sold to ICO investors, there will be a few tokens available to purchase by large institutional investors during the CCO phase. In theory, this should drive the demand of the PCL on the market even further, increasing the price even more.
Therefore we urge our investors to HODL their tokens until the end of the CCO period during which a lot of news is expected to come out.
source: https://blog.peculium.io/peculium-launches-its-continued-coin-offering-phase/
i am hopeful that as PCL goes into the CCO, the value of PCL will grow just like what they said. i will be very amazed if it will be in 0.05 EUR per token.
