Currently at 400K ETH raise, EOS trades at 0.005
Any day after tomorrow for the next 400+ days, every day!:
20K ETH raised, EOS trades at 0.01
4K ETH raised, EOS trades at 0.005 - today's value.
4K ETH * 400 days = 1,600,000 ETH ($480M @ $300/ETH)
Market cap valuation of $1B = 8K ETH avg invested/day
If they sell 200,000,000 EOS Tokens for 400,000 ETH, then the price is 0.002 ETH per EOS Token.
They're selling 2,000,000 EOS Tokens per day after the first round. If they take in 4K ETH per day, then the selling price is 0.002 ETH per EOS Token.
If they have a total circulation of 1,000,000,000 EOS Tokens, then the market cap valuation is 2,000,000 ETH (one billion X 0.002 ETH per token) or $600,000,000 (if ETH = $300).
That's still a very high market cap for an ICO.
They don't give a good explanation of how they're going to do parallel processing, which I think will be incredibly difficult to do over remote, distributed nodes. I think the odds are stacked against them, so this will be a major feat if they can pull it off. Maybe they can with the $70 million that they raised already, by hiring a large team of crack programmers. Even then, it won't be easy.
