EOS Airdrop market caps are they over valued ?
With the new decentralized EOS exchange newdex.io now listing most of / if not all available tokens lets have a look at the market caps of some of these EOS airdrops and see if they are overvalued. The value of these tokens is calculated with EOS at a price of $4.5 USD. Post was written at 8.30 am Sydney time.
CET (Chaince Exchange token)
Trading at 0.0086 EOS a market cap of $34.8 million. The exchange is ok but newdex is better to be honest so i would say CET is way over valued and there are much better and more used exchanges worth less. The KYC requirement will also hold Chaince back. SELL
IQ (Everipedia)
Trading at 0.0025 EOS market cap of $112.5 million. The circulating supply is only 1 /10th of the total supply so that is worth noting, im not sure about the inflation rate. If inflation is low and Everipedia really takes off then its worth its current value in my eyes. Hodl
HORUS
Trading at 0.0031 EOS market cap of $16.7 million . I haven't had a good look into HORUS or how the token has value , they are a payment payroll portal and if anyone has followed me on Steemit you might know im not really a fan of project that just add tokens for the sake of raising money and have no reason to have a token. With that said judging by what they are doing i cant see to point in having a token other then the fees for using there services which is a bad model for a fee structure. SELL
Black (EOSBlack)
Trading at 0.0133 Market cap of $53.5 Million. Black is like a VC fund i did a review on it( https://trybe.one/eos-black-review-eos-airdrop/ ). I do like this project but i think the market cap is pretty high although looking at the trade orders it could have some room to run but will eventually fall back to its true value which i think is alot lower. I sold my holdings but ill let you decide.
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http://trybe.one/ref/773/
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This is not professional financial advice please do your own research before making any investments.
We curate Airdrops on our Platform, You can go to https://coinswitch.co/airdrop for getting information on 100+ airdrops on one single platform.
Presently every new ICO's have there coins over valued. The price decreases upto more than 70% after exchange listings. Investing ICO is very risky now, if the project is not good
yeah even the good ones are risky now :S
Nice overview, although i miss a few tokens, e.g. eosdac, edna, karma, and a few others ;-)
Otherwise, atm i think you cannot really assess if any valuation is justified or not, because many tokens dont have an working project behind them, in this regard it amazes me more, that where this is in place (eosdac, everipedia) the evaluation is quite similar to the whitepaper tokens.
no working project is a big reason why i think some are overvalued, really you didnt get karma edna? you should of and eosdac it was an erc 20 token. i got meet.one and keos as an erc20 token but not as a eos token.
Hey, what do you think of making a discord group for authors of the trybe network?
to be honest i cbf doing that haha. i dont even have discord . maybe a telegram group?
Telegram groups have severe lack of features. Discord so far provides the most features. It is easy to organize even if a group becomes huge. I created the group: https://discord.gg/J8zgQS
ok. ill get discord later and join the group.
seems trybe made its own discord or is this the same one?
No, trybe's official one is different.
ok im yet to dl. i will soon just busy at work so cbf setting anything new up
No working product, doesn't mean there is nothing up to come, but just nothing to evaluate against yet. I believe quite few projects, which should see significant growth.
I got all my airdrops, but i didnt see those in your listing, and i wondered if there is a specific reason.
yeah i hope these projects go well. i sold my eosdac before main net launch when it was still erc20 as it was way overvalued. not sure how to get my meet.one and keos tokens tho must be away of converting the erc20 tokens to eos i havent looked into it tho.
ah meet.one you can easily convert them with their wallet, they had free account registration for a while as well. but its partly chinese....
yeah i got it done today just use my existing account