In my opinion the Weis token is doing its ICO at a giveaway price at the moment, seeing the structures they put on ground to ensure the token is going to have a good worth.
Let's review it a bit;
Weis tokens will be selling at 1000 tokens to 1 Eth.
Weis would have a total supply of 17,760,000 (According to https://cryptocoinpravda.com/weishub-the-new-order-of-cryptocurrency.html)
Weis Media 3 year total Forecast $1,226,000 – reinvested to buy back and burn supply of WEISHUB tokens therefore reducing the supply of WEISHUB tokens over time.
Any unsold tokens will be burned and permanently removed from the token supply. Additionaly, any tokens not issed during the token sale for bonuses and referals will be burned and removed from the final token supply.
As a trader, I have a formula that pegs token prices to 0.15$ at ICO price for a total supply of 100 million for very good projects. Weis is currently priced for about 0.6$, and they are supposed to be worth a bit more. And considering the possibility of token burn and the fact that the token is utility in nature and that the company will be buying back some of its token over the period of 3 years. My guess, it should be a good investment.
But this is entirely my opinion, so make your research yourself and determine if the project good for you.
To read up more about their project, please check their website here - https://weishub.com/
You can also quickly scan through their ANN thread here - https://bitcointalksearch.org/topic/m.36235747
Or join them on telegram to follow up on project updates - https://t.me/weishub
Topic: Trading would be a cool idea for Weis Token (Read 120 times)
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