Tierion is one of those cool projects that is based in the US; thus, American blokes like me didn't have to hope and pray that we could get into the ICO.
I did a while back and the project is now 2-for-2 in my book:
- Seamless ICO (and one that sold out rather quickly)
- Beat development timeline - "under promise, over deliver" - by a week, having said that they'd have tokens distributed by Sept. 1.
It appears that, once trading starts and then the markets get past the few days of selling that normally happens (e.g., dumping coins to take profits and get out), pricing could work into a 2-3x multiple.
Here's why:
On Cryptocoinsnews.com, a website that is (IMHO) pretty cool from the "hey, here's our real world experience" standpoint, author P.H. Madore did gauge trading on HitBTC.
He writes about it here: https://www.cryptocoinsnews.com/tokens-released-tierion-tnt-iou-trading-is-open/ and if you study the numbers, you'll see that the ETH price (60,900 Sats) would equate to a USD price of around 21 cents. The coin's ICO was priced at 7.1 cents per.
Me? HODLing
I plan on watching this one unfold. I think it's a similar project to CIVIC and I like how there's a real-world application for it. Plus, I'm still looking for a return that will rival what I had with my ETH buy from earlier this year. (Bought at $10.90.)
Any other folks get in on this one?
Not trying to post FUD but this is Peter Todd. Just FYI i have no opinion on the matter just passing on info.
https://petertodd.org/2017/misleading-and-inaccurate-tierion-ico-claims
Thanks for sharing that piece; what's interesting to me is the response from Tierion itself.
"Peter Todd is a troll of the highest order." Wow.
Yeah I was shocked at that too! I mean Peter does have a competing product so he definitely has incentives to bash Tierion.
I am in on 12,000 TNT, I am thinking in time this one will go over 100 dollars, I am thinking within weeks of release on exchange we should see 10 dollars, This ICO went under the radar for many and there was not much written up on it , its a sleeper, that many will wish they did not sleep on it, nevertheless it sold out within 24 hours. proud to be 1 that got in, HODL, it will pay off big
I think the fact that they raised 25 million, and not hundreds of millions, for an actual product, from an actual business that has a two-year track record...you might very well be correct.
Note: looks like trading at around .00079, which would equate to a 5x multiple. Can change, though, as you well know.
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