What will happen for the IOU holder on HitBTC?
the IOU TZX will be automatically transformed in real TZX?
Which would mean that the exchange participated in the ICO. But what happens if it doesn't?
the IOU TZX will be automatically transformed in real TZX?
Which would mean that the exchange participated in the ICO. But what happens if it doesn't?
they will transfer it when XTZ will be listed
So it's no wrong to assume that the price of 1 TZY will be approximatively 5$ worth. it's not too bad in my opinion
I wouldn't assume that. Because it is so limited market. And thousands of investors have been waiting for the launch almost a year. During that time market prices went up and also expectations. I'm not sure if the investors will be willing to sell around $5.
$5 would push the total value to: 763,306,929 TZY * $5 = $3.8 bn
Thing is: If the launch should go smooth and Tezos being listed on good exchanges while the overall market situation should not be too bad or even bullish, that may be possible or even find a higher price - considered that EOS for example is traded at a marketcap of about $10 bn.
But... I personally have zero clue what to expect from this project tbh.
3.8 is huge valuation. But expectations are bigger than that. And when people look at some other projects' valuations like EOS', it is normal.
Already there are projects they said they'd use Tezos, as thinking that $50 million allocation it is won't be surprising to see many projects will use Tezos.
And the baking another advantage when we think many investors following masternode investments.
