50% premine
24% of total supply is sold in this ico round
1769.15 BTC ÷ 0.24 = 7371 BTC market cap
If you want to look at only the 1st year of mainnet, when the total supply is only 50 million:
1769.15 BTC ÷ 0.48 = 3538 BTC market cap
With those kind of numbers on 2nd day of ico, it seems over-funded already, like Waves was
Depends on how many people go for the refund option
I'm probably going to wait until this hits exchanges to buy
It's your choice to wait until exchange or join ICO. But again refund option is there to prevent over-funding.
As for calculation part, how about this:
Our first ICO raised 2100BTC with 17% of total supply. It's sccuessful and done.
2100 BTC ÷ 0.17 = 12352 BTC market cap
If you want to look at only the 1st year of mainnet, when the total supply is only 50 million:
2100 BTC ÷ 0.34 = 6176 BTC market cap
Not considering our progress within the year, our intrinsic value should be over 10k BTC. But for now it seems we still have a long way to go as for being perceived as Over-valued.
Thanks!
