nobody is asking the right questions here. Any other coin with this much money pouring into it would see a price rise based on market cap. Due to all the worry and fud, every coin being mined is selling almost exactly at market cap value. This is why the price is static, as new coins are minted they are immediately bought at the current price, so the market cap remains at the exact same percentage based upon the number of coins in existence.
I'm going to address something bryce wiener said in his article here. he stated that GES would be left with a 7 million dollar hole in it's books, just from the 1st shipment, and the longer the price takes to reach parity, the bigger this "black hole" gets.. This is not quite true. This is a variable in the equation. let me start by stating that GES is invested for approximately 3 million USD. I'm going to show you how this is a self- fulfilling prophecy. everyone is assuming that the strategy is to pump up the price, then sell the coins on the market to recover the money in fiat. It's not that simple. With 1 million coins in 6 months, you are thinking that GES could lose 300 million usd, and they don't have that kind of backing. In truth, however, all they are doing is deferring receivables for 6 months. If the price does not reach parity on the trading market, Uro Foundation will hold all of the coins. They have already sold contracts equal to 20% of the minted coins, to be paid in Urocoin. when the million is mined out, the entities under contract will then only be able to obtain Uro to fulfill their contract by buying it from the Uro Foundation. The buyers will pay market price because it still saves them bank fees. The foundation has already announced the intent to be their own exchange, in the Uro Protocol. what they've put together here is a high powered sales team. if you research these people, the common thread is they all come from sales backgrounds. They are selling the coin to the niche market. They are signing contracts which assure a future income stream, with room for growth. The contracts are very important, because the purchaser is bound to pay with urocoin. If the only way they can get enough Uro to meet the contract terms is to buy from the foundation, they will have to pay what is asked. The timing is key here. it doesn't matter whether the price reaches parity here or not. 1 Uro IS one metric ton of Urea to the companies who have signed the contracts. So I see 2 scenarios here.
1. You mine the Uro and sell them for an average price, including pumps, of 3 USD. ! million coins equal 3 million usd exposure.
2. The 1st shipment arrives and price reaches parity, but the buyer purchased cheap Uro. 1 shipment equals 3 million USD. (all shipments after that are paid for by reselling the coins from the first purchase.)
THE PRICE OF THIS COIN ON THE MARKET SHOULD BE ARRIVED AT BY THIS EQUATION (conservatively) (price of one million metric tonnes Urea@ CMV x % of coins sold divided by number of coins in existence= value per coin.)
It would look something like this
287,000,000 x .20 = 57,400,000 divided by 451,812 = 127.04 per coin true market value as of now.
MINERS AND TRADERS HAVE TO SET THE PRICE HIGHER WHILE THEY ARE SELLING THE CONTRACTS IF YOU WANT TO PROFIT. ONCE THE CONTRACTS ARE SOLD, THEY DON'T NEED YOUR COINS. TRADING WILL BE LIKE TRYING TO SELL FOOD STAMPS AT 1/2 PRICE TO THE GUY AT THE LIQUOR STORE.
This idea has already succeeded. It's good to go, with or without you.
THE ONLY ONE SCAMMING YOU IS YOU.
Very Interesting comment. Basically traders and miners should not sell cheap.
Remember 1 URO = 1 Metric Tonne of Urea = USD 300
People are being manipulated to sell USD 2.25 to 3.00, well atleast we try selling them at $10 or more!
