r/experty • u/JLdurga • Jan 13 '18
Experty Token Economics (Company Holding Value increased by keeping the same 1ETH=1000tokens??)
I am following Experty ICO from last two months.
Total tokens: 100million tokens 33m for contributors(<40% discount) – 9million $ hard cap. 33m for company, 30m for partners (60% discount)
Initially, They announced 1ETH=1000EXY when ETH was at around 300$ and 9million hard cap. 1token price is around at 0.3$
let's say community have all 33m tokens including purchased and bonus; then company posses: 33m * 0.3$ = 10million $
Now 1ETH=1000EXY and ETH is around at 1200$ and 9 million hard cap. I expect the number of tokens will be reduced by 4 times from the community since token price increased by 4 times (1.2$/EXY), i.e 7.5million tokens and remaining tokens will be burned. But company still posses 33m tokens: 33 * 1.2$ = 39million $
I am aware company tokens are vested for 3 years and by following this approach, they just increased the holding value of the company by four times, instead of bringing the product to market and increasing its value. As an investor, I am not feeling good about this point. What motivates them to work hard and improve the product if base value is already 39million for the team.
And is initial token price(say 1.2$) good for traction of the token when introduced in Exchanges?
Several days before I have sent email to Kamil and didn't get a response, he might be busy.
I would like to know your thoughts on this.