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RE: Ardor Platform Ignis ICO (Part 2 of 2)
Well, seems like no one wants to spend the time to think about things or leave feedback! I guess all the more for me then! NXT almost doubled in last couple of days... more to come...
Hello. I read your article today. So, basically, we will not receive free IGNIS on 5th August, right? We only receive it after the snapshot.
That is correct. The free IGNIS will be credited based on your NXT balance at the time of the Ardor Genesis Snapshot at least two weeks after the scheduled end of ICO (i.e. it will happen end of October or early November 2017)
Do you think NXT, ARDR or IGNIS really have a future? With 1 billion cap. I don't think their prices can go higher and I still don't understand their projects at all. How can they compare to LSK?
And, do you think they are a little shady? Do you really want to hold them long-term? And what will you pick?
Market cap and number of available tokens are two completely separate concepts. Number of tokens is an arbitrary division of unit whereas market cap conveys value. You should not care about number of tokens other than as a guide to judge reasonable price targets derived from cap analysis. For example, if market cap is at 100 million and there are a billion tokens, that means every token is worth 10 cents. Now if you think the project is destined to be valued more like ETH, then its true market cap potential is 20 billion and so the target token price is $20. And, to answer your other question, I like these projects and think they show promise, if nothing else then for the novel technology and approach. Having said that, I am worried for their fund raising prospects because they are not doing a great job of marketing and many people do not realize the true value. So who knows... all I can do is try to inform...
that's a great article with many insights really. replying to your question why these articles don't get much love is that trading is a zero-sum game which of course you are aware of and many people like to keep the analysis edge that make in their mind and not sharing it so their profit is increased.
I dont know, I think you are giving too much credit to people. People seem to generally respond more to bombastic title and content. Things like "Here is how I made 1 million dollars with a $1000 investment by tradin crypto-currencies from my bedroom in 3 months"... surely that would get so many likes and view and upvotes... sad...
After reading your thorough analysis, I'm excited to see what happens tonight.