What do you Guys think about the first Dutch Auction of Algos? Algorand Foundation Announces Date for First Auction The research and governance organization encouraging participation, development, and innovation on Algorand's permissionless, pure proof-of-stake blockchain …

You are right…I made up my mind too and won’t be bidding…Good luck though :slight_smile:

Let’s assume you have a 5y investment period. We have 10b Algos in 5 years. IMO Algorand should have a max Mcap between 10-100b in 2024, making price between 1 - 10 USD. I would generally look for a 10x profit over a 5 years risky investment in crypto, so a good price to buy would be between 0,1 …

Agree. I will only bid under 1 dollar and more likely towards the 0.5 to 0.1 USD. Otherwise will wait to buy later on exchanges. I do quite a lot of bidding online and unfortunately theirs to many naive bidders around.

The problem I see is that bidding is not for free. Once you load your Coinlist account the exchange rate from ETH / BTC to USD and then back from USD to ETH / BTC might cost you 10% of the capital. So you have to risk loosing ~10% of your ETH / BTC crypto to allow you to participate in the bidding…

I never thought about this, but as Algorand will have 2,5 billion tokens at start and auction 25 million, this immediately puts the marketcap between 2,525b - 25,25b if it sells between 1-10 USD, which is crazy. Not sure how Coinmarketcap will calculate the 2,5 billion tokens to be held by Algorand…

The more i look at it and compare with others, the more i’m thinking fair price is more like 0.1 - 0.05 USD. I am defiantly not in for the sucker punch. No matter how good Algorand could be it’s early days.

Concerns were raised to Algorand management, if they go ahead with these auction parameters, it´s their responsibility if it backfires. We can´t do more.

Please update us here regarding the feedback. As I am hesitant to participate because of this blindspot aswell. I hate to say this but it looks moneygrab to me.

Yeah and in the meantime the pumping starts on influencer channels. Here is one of the paid commercials: I do like Ivan on Tech channel, it´s pretty good to be honest, but he did hide the fact of sponsorship in the video a bit :slight_smile: Anyway I am probably also out of the auction, no matt…

Algorand Dutch Auction - What do you think?

General

GrumpyDumpy June 13, 2019, 6:33pm 19

Bert did you see this video? This was helpful to me…https://www.youtube.com/watch?time_continue=187&v=0xlLgteeqQE

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Algorand Dutch Auction - What do you think?

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