2 new ICOs announced, still not pumping, JUST
Give it some time user 4 weeks till mainnet. Just wait untill they announce the Child Chain airdrops from the tokens for VEN holders
>still not pumping
that's cus the mainnet isn't out yet. that's when thor demand goes crazy - VET generation gets increased and value goes up.
because nobody cares about an ico about horses, and an ico nobody already gave a shit about when it was on ethereum
nobody wants to invest in your shitty centralized bullshit
50 eoy
50 sats? Yeah that's very likely
Fucking piece of shit. Horses in the blockchain ... what the fuck.
Scam all over
The market has been maturing over the past few weeks. Since hype has died down, investors are looking into the nitty gritty of projects, and digging deep into token economics and token value.
The fact is that ICO's on Vechain will only affect price negligibly from now on since the expected increase in THOR demand from these ICO's barely helps the price of VET. VET's value lies in its THOR generation, and ROI on VET is maybe expected to be around 1.5% a year (yes, painfully low otherwise enterprises would just buy VET now and never have to buy VET or THOR again in their lives). Thus, even a 10% increase in price of THOR really only adds another 0.15% ROI to VET, which barely warrants a price spike.
My numbers I use here are unconfirmed, but not unreasonable. They are mostly to demonstrate my line of thinking and mathematically explain why VET won't be worth a whole lot more even if more companies do begin to use Vechain.
Just as a quick redpill, nobody is on the side of VET holders. The enterprises that want to use Vechain benefit immensely from LOW price of THOR, otherwise it's not worth it to use blockchain tech. Vechain's private entity (separate from the Vechain Foundation, and of which there is no publicly available information), acts in its own profit-related interests. Thus, this private entity wants to give enterprises the cheap solution, which naturally involves keeping prices low. Outside investors like Breyer are not known to hold VET (maybe they hold a little, whatever), but they are invested in Vechain's private entity which facilitates enterprise adoption. Thus, the investors also are incentivized to have THOR be cheap.
> Muh DNV-GL/PwC masternode participation
Sure, but masternodes cost like a million bucks, even a hundred of those is nothing compared to the total market cap of Vechain. Plus, they were not bought on market but bought through Vechain's foundation. Thus, the enterprises who hold masternodes still aren't really concerned with keeping prices of the tokens high.
Fact is that nobody cares about keeping token price high. Not Vechain's Foundation (who's goal is adoption and development of the tech), not the elusive Vechain private entity and its investors (who's goal is to make profit by selling facilitation services to enterprises), and not the enterprises themselves (who's goal is to use a product that's as cheap as possible; also some enterprises are directly involved with the profit making Vechain entity, see above).
>erc-20 token
>ICOs