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 …

100% agree. Loving the ice cream analogy.

this diagram has some key issues in this particular context, but nevertheless it is good enough to point out that the 0,25% supply and starting from the very high 10 USD price in a Dutch Auction is to test where the very top of the demand curve really is [image]

If it gets bought up at $10 Algorand will have a lot of funding. Long term bullish. Dont think whales will do this by themselves. A quarter billion is a very risky cost of doing business for potential return. One thing that would be great is to pay attention to the amount of people bidding. If th…

Hi Bert, The Foundation recently updated the Token Dynamics page with new information which you may find interesting: https://algorand.foundation/token-dynamics

Yeah I have exactly the same concerns as you have and quite frankly I think I won’t be bidding after all

3 bln x 5$ makes a 15bln marketcap…way too high imo. A range from 0.3$-0.5$ makes more sense to me

This market often doesn’t make sense at all. Not enough knowledge about math and too many are plain greedy. That being said, I am bidding below $4, hoping around a $1

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 …

Algorand Dutch Auction - What do you think?

General

ZAR June 9, 2019, 5:51pm 5

Hi i’m new to the forum. Agree with all comments above.

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Algorand Dutch Auction - What do you think?

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