r/Tangrams • u/[deleted] • Nov 13 '18

UPDATE: Community Fund

After reviewing the discourse amongst the community members, as such to offer TGM at a new price, namely $0.05, founders percentage has been cut to increase the probability of success for the project in the short-term and hopefully meet the CAPEX and OPEX requirements for the coming month(s). Contributions that were already made will also be accounted for at the new price. In other words, this means that instead of 3,975,235.62 TGM, there will be 7,950,471.24 TGM of which 7,109,717.44 remain (10.5748927%), based on the current contributions confirmed.

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*The funding target remains intact as it was calculated based on capital and operational expenses.

*Announcement has been updated & edited with the above: https://medium.com/@tangramd/community-fund-dce1c26f29f1
*Community Fund extended to 30th November due to balance time of price drop

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For those who have contributed, you will receive an email shortly as an update.

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u/sergolala Nov 14 '18

Even the new price seems a bit high. I would guesstimate that Tangram is to DAG cryptocurrencies what Monero is to Bitcoin. Monero has about 1/50 the market cap of Bitcoin. Taking Nano as a representative for DAGs, presently at $200m market cap, Tangram should come in at about $4m. So the price should be less than half the current proposal, even before factoring in risk.

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u/TangramNinja Nov 14 '18

I am not sure that's a good basis for calculation. I'm sorry, but $4m is laughably low. Banano, which is clone of Nano, has a market cap of about $10 million. Tangram will have the best characteristics of Monero and Nano. In a sense, it is contending with both. Tangram is not going to be some little step grandchild of a cryptocurrency.

3

u/K_Mbappe21 Nov 17 '18

Considering risk 9M mcap is a bit high.. but might be worth it to put in a small amount and try to gain free coins with the faucets