Swarm City Tokens have a Dreamy Valuation.steemCreated with Sketch.

in #altcoin7 years ago (edited)

flight-mountains-sky-flying.jpeg

The basic concept is craigslist on the blockchain, with good behavior enforced by smart contracts.

One thing that is overlooked perhaps is how valuable the tokens will become if the project is successful. Quantity Theory of Money models absolutely blow the roof off of the token valuation if even a moderate amount of commerce starts taking place over their platform.

Compared to other crypto projects this one has a dreamy valuation. The team currently holds 48,000 ETH slated for development activities. Which leaves a market cap premium of a mere $3,000,000 over their development budget. That means you can buy at the entire concept at a valuation of $3,000,000! Considering some other projects with early alphas have over $100,000,000 in speculative premium over the cash they are holding at this price SWT tokens look very attractive.

At such a bargain price you would think that something is not right with the project. However, their slack is pretty lively and it seems like the key people in the project are committed to it’s success.

Disclaimer: I am not offering investment advice blah blah… use your own judgement when investing

Sort:  

i really like the concept. hopefully the smart contracts and community will make swarm less scamy then craigslist.

Interesting, I must look into this coin!

great statistics buddy :) @donaldtrumpfan :)