Topic: $TRADE analysis - help? (Read 132 times)
Whitepaper might be interesting but it is basically nothing unless you build something because everyone who know to write can write such whitepapers by copying from others etc. You should rather look at team.
I came across trade token - $TRADE. It has really low volume on fork delta https://forkdelta.github.io/#!/trade/0xf532e78a0e4bc3a34dcaac053eb230b56fcd51eb-ETH
I thought it was a dead coin, but the white paper is interesting - Tokenizing The Art World. From what I can understand, they basically sell fractional shares in art. My uncle is a CPA and says that rich people use art for a write off on their taxes so the value almost always goes up.
According to their website (http://mytradetoken.com/) they sold 33 million tokens - all of which are backed with paintings. They look to trade every few days.
This seems super cheap. What am I missing here?
idea is interesting, but whether project is profitable is question. The real collectors might not be interested in buying artwork via internet . I thought it was a dead coin, but the white paper is interesting - Tokenizing The Art World. From what I can understand, they basically sell fractional shares in art. My uncle is a CPA and says that rich people use art for a write off on their taxes so the value almost always goes up.
According to their website (http://mytradetoken.com/) they sold 33 million tokens - all of which are backed with paintings. They look to trade every few days.
This seems super cheap. What am I missing here?
Truly art is an industry is worth billions, and would be a good investment. The issue might be if the said token will easily be adopted in the industry.
So very few people buy Art today and it is usually only for the rich and famous. Come to think of it, why would those high profile people waste their time learning about little insignificant coins like that? They would simply tell their staff to buy the painting at whatever amount.
The idea of TRADE has so many holes and is very unlikely to work in the real world.
The idea of TRADE has so many holes and is very unlikely to work in the real world.
Agreed on rich people learning about coins. My understanding is that the company (TradingToken) physically holds the art (painting, statue, etc.). Example if a painting is worth 1 million dollars, then it's 100 trade tokens. If the art appreciates to $2mm, then that's 100 trade tokens worth twice as much. The appreciated token value is then used to acquire more physical art (another paiting worth $1 million). It works because art is a tax write off for the rich and famous - so that's why art almost always goes up in price.
The only option what is coming to my mind is that their arts are priceless, or they obtained it for free. They would not risk a real arts for pennies.
So very few people buy Art today and it is usually only for the rich and famous. Come to think of it, why would those high profile people waste their time learning about little insignificant coins like that? They would simply tell their staff to buy the painting at whatever amount.
The idea of TRADE has so many holes and is very unlikely to work in the real world.
The idea of TRADE has so many holes and is very unlikely to work in the real world.
The token is not yet officially listed in Forkdelta. So it may take time for the trade token volume to rise slowly.
If you think the tokens are good, maybe now is the right time to buy them.
just an opinion.
I came across trade token - $TRADE. It has really low volume on fork delta https://forkdelta.github.io/#!/trade/0xf532e78a0e4bc3a34dcaac053eb230b56fcd51eb-ETH
I thought it was a dead coin, but the white paper is interesting - Tokenizing The Art World. From what I can understand, they basically sell fractional shares in art. My uncle is a CPA and says that rich people use art for a write off on their taxes so the value almost always goes up.
According to their website (http://mytradetoken.com/) they sold 33 million tokens - all of which are backed with paintings. They look to trade every few days.
This seems super cheap. What am I missing here?
I thought it was a dead coin, but the white paper is interesting - Tokenizing The Art World. From what I can understand, they basically sell fractional shares in art. My uncle is a CPA and says that rich people use art for a write off on their taxes so the value almost always goes up.
According to their website (http://mytradetoken.com/) they sold 33 million tokens - all of which are backed with paintings. They look to trade every few days.
This seems super cheap. What am I missing here?
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