Master Contract Token - My view on the price - NEO Token nep-5

in #neo6 years ago

MCT was an airdrop for nep-5 token holders. 1000 MCT per type of token was received in each wallets. MCT will be used to secure contract at discounted Gas price. With 10KMCT you will pay 90 gas instead of 490 gas so you would save 400 gas. Gas today is at 19 USD so 400 gas worth 7600 USD.

MCT is not a 1 to 1 replacement of functionalities so you would have to discount. Let's say 50% discount it would be 3800.

What is the OTC price today; for example on discord it trades about 2 gas for 1 KMCT and trading is going on as it did not hit an exchange. it trade 0.038 per MCT but price could be up to 0.38 USD so X10 current trade level. i will keep mine and wait.

MCT Price is link directly to gas price. I believe gas should be back at 90 in a few years based on the demand and neo progress.

This is just my personal view and not and advice on what you should do.

Link to website https://github.com/Splyse/MCT
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