Seriously, I have problems understanding something here. Please help me. Look, my challenge to understand the logic is the following: Why does COEVAL exist in its current form?
My main problem is the folloowing sentence from this article https://www.cryptocoinsnews.com/harrisonsons-vc-ico/
The difference is that this one has even got the mainstream press taking Crypto listings seriously, with some speculating that Monkey Capital will raise up to a billion dollars, a result which would make the token the first 10-figure crowdfunded campaign in history.
Let's do the math. If they raise $1 Billion during ICO, each of the remaining 500 Million MNY tokens will cost $2. So far, so good.
What does that mean for buyers of COEVAL tokens?
Current price of 1 COEVAL approx. 115 WAVES = $ 330
As 1 COEVAL = 10.000 MNY tokens, that results in a price of $ 0.033 per MNY.
Participants of the ICO would pay 60 times more than current buyers of COEVAL ( $2 vs 3.3 cents). In other words: Invest $100 in COEVAL today, receive $6,000 in MNY on Sept. 9th. Does that make even sense?!?
Well, I don't think Monkey Capital will raise even close to $1 Billion during ICO (100 Million would be nice though). But the pure fact that many people think it could happen raises the question, why do they sell the COEVAL so cheap and attach half of all MNY to that token?
Daniel Harris have replied on Slack to yout question:
It is the press, not a scientific analysis
I have consistently said COEVAL should be priced at 1 BTC - not here. Several people have asked for the basis of my post-ICO forecast of 4 BTC; here is the answer (sorry, just no time to go into it before)
None of it makes any sense, yes, it's a steal, yes, that is why I still buy up some by the clump here and there ... you'd re right. Too Good? Yes. True? Yes. So I wouldn't count on it being this price for long (this also explains why it went from 0.001 to 0.1 in days - same thing will happen again. Let's just watch.)
Does the slack channel still exist? I was in it but it seems my account was deactivated. No idea why? I know you were in the channel too. I honestly have no idea why my account got deactivated....I enjoyed reading the posts....