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RE: BECOMING RICH - EP. 13. - Breakout
Depending on which market cap you look at. They already said that they don't plan to sell the uncirculating coins in the near future. So you have about 82 million AMPS, worth 17.6 million$.
I think that is a super low price. If it gets 100 million $ from a potential launch effect, that would be a 10x increase in price.
And the devs have really no incentive to sell the coins. They already have funds to work on the project. And I think they will sell the remaining coins slowly at later fundraisers.
So I look at it as a semi-scarce supply, that is about to get a lot of value in market cap.
I see. . . What makes it reassuring is the fact that the devs will not dump what they have. I will throw in some couple of Satoshis (Since I am looking forward to diversify crypto-investments)
That is illogical. If they want to make a lot of money, then they want to keep the supply scarce and selling only later once the price is really high, and even then they would sell slowly.
I mean look at Facebook, I think they had their IPO after 4 years, and most profit was made by angel investors I think.
So it is usually the developers/owners selling the last time, so most profit will be made by early investors and the devs.
Speaking of scarce supply, have you also heard any news about them actually reducing supply by "burning" or destroying coins?