Another tough question — speculation on price of a new cryptocurrency. OK, let’s try. What is to like and what is not…

The most likeable thing with SNAX is that there is NO ICO. Personally, I’m very suspicious with the ICO schemes, because they can be a fraud. You actually have to buy something that does not have other value but that designated by the development team. Can you believe any of new coin development teams emitting an ICO? Do you know them personally? Never forget that the best cryptocurrencies can be adopted without any payment or without permission to access the system. You don’t even have to know who is the developer or developers. Remember bitcoin? The most successful cryptocurrency at the moment?

ICO means that development team has no confidence in their own work. So they want fiat security in case the project crashes. Vice versa: The team that has a good idea, and have confidence it can succeed, can just keep their own token as a security. Remember Satoshi fund of about 980.000 bitcoins? Multiple that by 5 to have a number of gold ounces. He wasn’t asking a single penny for the first version of protocol.

Six months…

In the first six months SNAX value will probably be ZERO. Why? Because it still can’t be used anywhere. As I have said in my Serbian description of SNAX, You cannot buy anything for it so far. Not a half-used non-alcoholic beer, nor a firewood, nor plastic tomatoes, nor even an American dream. Nothing. But that's how bitcoin started. That is not the problem. Evaluation usually starts when you can exchange it for something. Will somebody sell me a pizza for 3000 SNAX? No? Then we have to find some exchange which would be ready to accept SNAX at any price. Since this adventure can last six months, then it would be reasonable to presume the starting price — 0!

One Year

Let’s now assume that, after the first tribulations, we have software infrastructure smoothed, and that we have found at least two exchanges ready to adopt new cryptocurrency. Let’s also assume that people from those exchanges are aware of a SNAX potential — block every 0.5 second on a fantastic EOS blockchain, no fee, prospective of billions of users, and a bit of SNAX incentive for the CEOs of those exchanges, so they could have some personal interest in rising the value of token… Let’s say it can start at $0.02 or 2000 satoshies. Am I too optimistic?

Three Years

Now, the three years period… This would be the most ungrateful assessment. Let’s assume two situations:

1. First situation would be a usual success in comparison with the cryptocurrencies of a similar characteristics and use cases… like for example steem or dogecoin. Cryptocurrencies made for quick and free transactions. In that case, we could expect a range of price somewhere between 300 and 5000 satoshies for one snax.

2. The second situation would be a wild success. Imagine that you have become a SNAX millionaire. Imagine that developing team has manage to earn 9 million dollars only of Instagram-linked SNAX. Now stop imagining. Go and read following text: Instagram Sues Company That Made $9M Selling Fake Likes and Followers There, you will find a story about the New Zealand company called Social Media Series Limited, which was selling fake activity and followers over the Zukerberg’s Instagram platform. They never did any damage to the Facebook company — their relation was strictly with the users of the platform. And very soon, Facebook announced in a release titled “Preventing Inauthentic Behavior on Instagram” that it and its subsidiary Instagram have filed a lawsuit in US federal court against a company and three people based in New Zealand. Before you say that their platform will have more profit if users get reward… Before you say that SNAX doesn’t sell anything and is not “inauthentic” (whatever that means), you have to know (from yours truly, retired lawyer) that the name of the game is “shearing sheep”. Nobody but us must not shear our sheep! Centralized platforms depend on their greedy and cheating leadership. How long do you think they will they tolerate your success before they sue? And then launch their own cryptocurrency in the same fashion? The court case can finance all the expenses of their own blockchain layer “enterprise”…

In that case, the value of SNAX will be designated by the level of dependence on the developing team.

Is this beginning to look like a horror story?

https://snax.one/steem/lighteye

Comment as you see fit!

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This is a text for the 30 Days Challenge hosted by our @dragosroua

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