PRL Price Prediction once Pegged - page 2.

mokodisney

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Quote from: tyz on February 19, 2018, 07:19:32 PM

Quote from: mokodisney on February 19, 2018, 07:14:24 PM

Quote from: tyz on February 19, 2018, 07:05:22 PM

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

Thanks, where does the 10 million coins to burn come from?

I believe they said it's coming from Bruno's holdings.

Savik

full member

Activity: 364

Merit: 101

64 GB is very low, I believe Bruno said 512GB is more realistic.

Packers1985

full member

Activity: 364

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CHEERS

Quote from: tyz on February 19, 2018, 07:19:32 PM

Quote from: mokodisney on February 19, 2018, 07:14:24 PM

Quote from: tyz on February 19, 2018, 07:05:22 PM

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

Thanks, where does the 10 million coins to burn come from?

They are part of dev funds that are being burned on March 1st...

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: mokodisney on February 19, 2018, 07:14:24 PM

Quote from: tyz on February 19, 2018, 07:05:22 PM

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

Thanks, where does the 10 million coins to burn come from?

mokodisney

newbie

Activity: 26

Merit: 1

Quote from: tyz on February 19, 2018, 07:05:22 PM

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.

tyz

legendary

Activity: 3360

Merit: 1533

I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?

mokodisney

newbie

Activity: 26

Merit: 1

Quote from: Packers1985 on February 19, 2018, 06:26:28 PM

Quote from: ChrisCross86 on February 19, 2018, 06:19:34 PM

Quote from: mokodisney on February 19, 2018, 05:36:56 PM

Quote from: boolangery on February 19, 2018, 05:28:32 PM

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

1 PRL is equal to 64GB that is the difference. Taking this into consideration,
the value 3USD sounds valid.

A small correction "atleast 64Gb" it could be higher than that.

The pegged value will be a minimum of 64GB/yr. My personal guess is that it will1 PRL will be pegged at 256GB/yr or possibly 512GB/yr.

penig

member

Activity: 266

Merit: 13

Its good for the growth of the actual product but its not great for token value to peg price to a depreciating market. Storage gets cheaper and especially when there are these new fangled entrants competing to lower the cost.

Packers1985

full member

Activity: 364

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CHEERS

Quote from: ChrisCross86 on February 19, 2018, 06:19:34 PM

Quote from: mokodisney on February 19, 2018, 05:36:56 PM

Quote from: boolangery on February 19, 2018, 05:28:32 PM

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

1 PRL is equal to 64GB that is the difference. Taking this into consideration,
the value 3USD sounds valid.

A small correction "atleast 64Gb" it could be higher than that.

ChrisCross86

newbie

Activity: 236

Merit: 0

Quote from: mokodisney on February 19, 2018, 05:36:56 PM

Quote from: boolangery on February 19, 2018, 05:28:32 PM

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

1 PRL is equal to 64GB that is the difference. Taking this into consideration,
the value 3USD sounds valid.

mokodisney

newbie

Activity: 26

Merit: 1

Quote from: boolangery on February 19, 2018, 05:28:32 PM

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?

boolangery

newbie

Activity: 14

Merit: 0

Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)

PRL price will be around 3$, hmm

mokodisney

newbie

Activity: 26

Merit: 1

Oyster PRL is one of the more unique tokens on the market because it will be directly linked to a (semi) tangible asset. This means the price will likely stabilize as no one is going to pay for inflated prices when they can receive the same services elsewhere. Regardless, I'm trying to wrap my head around how to predict the price of PRL once the storage is pegged. Currently, we know that 1 PRL will be equal to a minimum of 64GB/yr of decentralized cloud storage. Any public releases did not state a ceiling to the storage value however it is likely not to exceed 1TB/yr, at least in my opinion.

What would be the best way to predict the price of the token will be once the storage is pegged?

My current strategy:

1) Look at various storage levels, ideally 64GB/yr, 128GB/yr, 256GB/yr, 512GB/yr, and 1TB/yr.
2) Compare those to other decentralized storage token rates like SIA and BAT
3) Discount the above prices by say 10-15% to make it competitive
4) You have the price of a 1 PRL

What are your thoughts? I welcome anyone to point out any mistakes I made as I am still learning the product.

Topic: PRL Price Prediction once Pegged - page 2. (Read 633 times)