Why I am investing in GoNetwork ICO

in #gonetwork7 years ago (edited)

First of all, I am not a financial adviser and this is my opinion. Please do your own research before investing in ICO's or cryptocurrencies.

GoNetwork is currently preparing for an ICO November 20, 2017. I know that ICO's have been hit hard lately with China banning them and Bitcoin forks beating down the ICO market. While a lot of people see the current landscape of ICO's of as hard to make as much cash as they had in the past couple of years i see it as an incredible time to buy up undervalued tokens from strong, longterm companies. What people are missing is that since a lot of people are backing away from ICO's I believe this is the BEST TIME to invest in ICO's.

ethwaterloo.jpg

The truth is if less people invest in ICOs then the marketcaps are lower and the coin circulation is lower when an ICO hits an exchange. It has the potential to 5x a lot easier when people see the company value and start to buy the coins up after they have it the exchange. If you had invested in the ICO then you would have gotten a discount on the price and don't have to fight for prices right as they hit the exchange. An undervalued ICO is 100 times better than an over hyped ICO that sells out in 5 minutes and has a high marketcap.

Example Token sale numbers to explain why now is the best time to invest in ICOs:
Let me take you through a scenario to explain what I mean. Lets say a company sounds great on paper and that they are an over hyped company that everyone wants a piece of. There are not any bonuses or discounts during the crowdsale phase. Let's say the coin price is $0.06 per token and the total tokens in circulation is 800,000,000.
Let's do the math. I will show you the formulas and then I will show you the numbers:
Marketcap = (Price of Token) x (Total Tokens in Circulation)
$0.06 (token price) x 800,000,000 (Total Tokens in Circulation) = $48,000,000 (Marketcap).
So in order for this example token to triple or 3x your investment it will need to hit $144,000,000. This would mean that the example token would need to be a top 45 coin to give you a 3x return.

Let's take GoNetwork ICO numbers now:
$0.45 (token price) x 50,000,000 (Total Tokens in Circulation) = $22,500,000
So in order for GoNetwork to give you 3x your investment it will only need to hit $67,500,000. This would mean that GoNetwork would need to be a top 80 coin to give you a 3x return which is much easier as the competition is not as great in the top 80.

These numbers are also assuming that the ICO raises 100% of its target hard marketcap. This will not be the case right now which is why it is even a better time to invest. So there will be less tokens in circulation when the ICOs hit the exchanges.

I am pointing all this out to show you that in the end for you to make great returns on ICOs it is strongly based on the math. There are many other factors but if the the marketcap starts out too high then it will quickly get corrected when it hits the exchanges and if the coin is undervalued then it will also increase to show its true value. GoNetwork is a solid company already and will only get better in the future but I wanted to show this based purely on math the likelihood of getting multiple percentage gains on your investment.

Why am I mentioning this? Because GoNetwork.co is one of the ICO's that is launching very soon. They already have a working alpha product (most just have a whitepaper and a roadmap/plan). They won ETHWaterloo, which is the biggest Ethereum hackathon in the world and is judged by Vitalik (founder of Ethereum) and other industry heavy hitters.

GoNetwork has a profitable company behind the ICO already with over 9 years experience in Mobile development and very successful apps already on the Apple and Google play stores. A lot of ICOs raised millions in their Crowdsale without even a single bit of code or even a real company behind it. This is where GoNetwork kicks their butt.

Let's get down to some of the numbers that make this ICO a great investment. For the Crowdsale:
● Target marketcap of crowdsale: $30,000,000 (I can assure you this will most likely not be the final number. It will most likely be lower and give you a great undervalued investment)
● Presale Cap: $20,000,000
● Total token supply: 100,000,000 GOT
● GOT Token type: ERC20
● Purchase methods accepted: BTC and ETH

$30 million target cap falls in line with the average marketcap of a lot of recent ICO's but I am assuming the cap will not be hit based on other ICOs I have seen recently do a crowdsale. It has nothing to do with the companies themselves but it is because of other factors such as countries regulating ICOs as well as upcoming bitcoin forks that drive a lot of investors to put a lot of their crypto investment back into Bitcoin to receive free tokens when the fork happens. So while a lot of people are trying to get a few free coins you can be investing into many undervalued companies via the ICO. My honest opinion is that in this ICO time we are in right now that GoNetwork or most ICO's won't raise even half of the target hardcap. So this makes it an amazing time to invest in undervalued ICOs while most are trying to figure out what is happening in the industry.

Now that the fun math is out of the way I wanted to mention the other reasons to invest in GoNetwork:

  • They have a solid team with years of experience delivering profitable apps
  • They recently won a hackathon beating out many from around the world at ETHWaterloo (the world's biggest Ethereum hackathon) judged by Vitalik and other industry leaders
  • They already have an alpha app and are contributing code on their Github repository
  • They have many users that will immediately be customers of the app they launch in order to start using the token in the ecosystem of the app. This will only increase the value of the tokens.

There are many other reasons but I think you get the picture here. My take is that GoNetwork is an amazing undervalued investment.

Here are some links to get more info about the company, crowdsale, whitepaper and more:
Main Website - https://www.GoNetwork.co

GoNetwork Whitepaper is here:
https://gonetwork.co/GoNetwork_WhitePaper.pdf

Video of the ETHWaterloo hackathon with Vitalik:

Github codebase where they are updating code for their app:
https://github.com/gonetwork-project

Please do your own research and due diligence but I would rate GoNetwork as one of the strongest ICOs I have seen over the past few months.

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big post but its very helpful for me thank you i waiting for your next post

Thanks for the post!
We've recently done our research on GoNetwork too, check it out.

goo stuff , got white listed

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