Just a question about this coin, someone please tell me if I'm missing something.
I understand that after the ICO ends, 15 billion coins will enter circulation. Currently there are only 96 million @ 720 sats / 0,10 USD as I write this. Market cap is currently 10 million USD.
If that's right, then theoretically the market cap would have to increase at least x150 times to 1.5 billion USD only for the coins to PRESERVE their current price and not plummet. So to me it appears these coins are extremely overpriced right now. Thoughts?
I understand that after the ICO ends, 15 billion coins will enter circulation. Currently there are only 96 million @ 720 sats / 0,10 USD as I write this. Market cap is currently 10 million USD.
If that's right, then theoretically the market cap would have to increase at least x150 times to 1.5 billion USD only for the coins to PRESERVE their current price and not plummet. So to me it appears these coins are extremely overpriced right now. Thoughts?
So can't anyone reply this? I'm interested in investing but unsecure. Regardless of what Dickie posts, I indeed see lots of red flags about this.
Agreed. When will the remaining supply be released?
Now I'm embarassed. The answer is right there on the website:
https://www.procommerce.io/coin_distribution/
"The coins will slowly be issued for the purpose of rewards as the users start using the apps and platforms. We have provided a structure of how the coins are allocated and to inform you of where the majority of the currency is held and what it’s designed for.
The coins reserved for the PRO Rewards app are the designated coins designed to be redeemable for those that shop and earn PRO Rewards as a rebate. The coins in escrow are held by developers for the purpose releasing them as the apps are launched and will be used strictly for the purpose of incentives within the app’s eco system."
https://www.procommerce.io/static/site/img/PRO_unsold_coin_scrow_agreement.pdf
That's okay I guess.
I am quite not sure how to comprehend. Kindly explain me this. Is the current price overpriced or not and ellobarate please?
My understanding is that if they follow the plan, I'd say it's not.
The basic explanation is that some of these coins will enter the market gradually over time, as the project grows and milestones are reached. Many are intended to be used only inside the PROcommerce system, meaning people will use them but they will not be available to buy or sell on exchanges. But this is just what I understand from reading the coin distribution documentation.
Would Patriarch please help clarify this?
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