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RE: DENT ICO

in #cryptocurrency8 years ago (edited)
It is interesting actually and I really like the project as a traveler. And, I think it is pretty nice actually.

They estimate...
Exchange Rate: 1ETH = 400,000 DENT
... and 1,000 DENT should be 1GB of DATA, so with the current value of the ETH, around 300$, it does 0.75$ for 1GB.
Am I wrong ?

The main issue is...
It is a big investment, around 6000$ minimum!
Source : https://www.dentcoin.com/presale/

This presale is designed for parties with prior cryptocurrency experience.
We try to keep things very simple, therefore we have just 1 Tier and a large bonus for all.
Minimum purchase : 20 ETH
DENT Token price: 1 ETH = 400,000 DENT (four hundred thousand)
Presale Bonus: 20% , so you get 20% more DENTs on top of your purchase after the official Token Sale has been closed.
Bonus calculation Example:
You buy DENT with 20 ETH, you get 20 x 400,000 DENT = 8 Million DENT + 20%Bonus = 1.6 Million DENT, so you end up owning 9.6 Million DENT Tokens.

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Right now ETH is around $340 so if I am doing the math correctly, it should be around $.85!

Definitely an appealing option as long as the marketing team is strong and pushes this out hard, people will eat it up!

I don't think the price will stay so cheap for the data. It probably worth to invest...
But around 6000$? That's too much...