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seems a lot of selling this afternoon into the close.
who can blame them, radio silence continues at blue star investees.
@tradeforce
yes indeed, sadly it is as posters such as myself and dukee et al, have been saying for quite some time now.
Dynasty failed where they promised so much previously , namely communication,, they did allude to TF that they would have completed 2 more contracts in the coming months in Q4 22, we have heard absolutely zero since and we have just ended Q1 23
TF must be as totally hacked off as the rest of us, he can do no more than report what his investees wish , when they wish it.
at this moment in time we have Amplitude delayed, PEN down 26% after being up 26% friday, and Dynasty well and truly in a soundproof bunker.
"matters can only improve", maybe BLU should employ this as a company motto. or clarion call ;)
tradeforce - thanks for posting - is it me or am I reading something into the comment ‘its certainly long overdue”
Amber AMM moving forward
https://twitter.com/Omniscia_sec/status/1642873070711984130?cxt=HHwWhMC-7c-W1MwtAAAA
Hi All,
I hope this is not out of place to re-post, but I contacted our company with a few questions regarding updates to Dynasty etc. and I did get a prompt reply from tony F, below is the response:
"Hi Andy,
Thank you for your interest in Blue Star. I fully understand your frustration at the lack of newsflow at Dynasty. Please rest assured we are in regular discussions with the company's management and we will report as soon as we have news they are happy to release. Unfortunately, we are completely in their hands regarding timing but they are aware of the importance of newsflow to Blue so lets hope there is news soon; its certainly long overdue.
Best"
Not exactly what we want to hear, but it sounds like management are on the case.
Hope this is of interest...
I think its total coincidence.
A quick google search and from previous memory PEN max supply is 200m.
On 1st day of trading PEN wicked up to 75cents and only 48 hours ago was as low as 13cents, meaning the theoretical market cap of all tokens (max supply) would be anywhere between 20m and 120m, there is too much volatility in new crypto especially those listed on minimal exchanges to read anything into the market cap of Blu. And as I said, SP own 5.5% of all tokens, and Blu own 26/7% of SP the figures will change daily, if not hourly.
Just my thoughts.
No I believe 5.5% of all the tokens, with 160,000,000 supply is approx $2.2 million.
My point is that if all of the tokens are worth a market cap of approx $40 million ($0.25 token price * 160,000,000 tokens . . .
Then Bluestars current market cap equates to roughly the same as it would if they held a quarter of all of the tokens .
Yes it discounts Dynasty, but allows for a fall in the PEN tokens.
Coincidence or not ?
Or perhaps SP own 5.5% of all Pen tokens and with 200m max supply, double my last posts figures
SP own 5.5m Pen tokens and blu own 27% of SP, so if you want to look at it like that Blu effectively own 1.375m Pen tokens, so at today's value about 300k. I think this is correct
Whether it's coincidental or not I don't know, but against the value of 160,000,000 pen tokens, Bluestars market cap (if we assume the 26% ownership of SatoshiPay still falls in line somehow with the value of the overall token supply, even though Bluestar don't own 26% of the tokens),
The market cap of 26% of all the tokens, . . . . .
And the market cap of Bluestar in it's entirety, . . . . .
Is broadly the same.
Is this a coincidence ?
It does completely discount Dynasty if that is the case but allows for slippage of Pen too.
If so, holding Bluestar is as good as holding just Pen, (or there's no noticeable difference).
As I understand it there is a supply of 160,000,000 pen tokens ? Is that circulating supply or full ? In the case however of 160,000,000 against a price of 0.25 dollars per token the market cap is approx $40 million ?
I know Bluestar don't own a quarter of the tokens, just 5% ? So Bluestars value of the tokens would be approx $2 million ?
But what I'm trying to figure out is, is it better value to hold Bluestar or Pen tokens (arguably both). I've registered on MECX but slightly hesitant as would prefer to keep my coins / tokens either in a UK exchange (Coinbase) or even better in my own wallet, but that's not an option yet with pen tokens.
I understand the utility of the pen tokens could make them very valuable if it takes off.
But how valuable Vs the value of Bluestars 26% holding in the whole SatoshiPay company ?
Where is the dividing line between the value of just the tokens and the overall entity ?
What's the market cap of the pen tokens ?
Hi theeduke
I enjoy your posts - don’t be put off - wearing your heart on your sleeve isn’t a bad thing imho.
Our last spike was pretty much driven by your accumulation - this time I think we have other forces at play.
I look forward to celebrating gains on here with you, Nick, Ragnarr and many other posters - it feels like the crypto backdrop is on the up!
Good luck to all
NtD
On a tear last few days. 0.24 just been hit.
Thanks marma. Defo transfero. :)
Satoshipay / pendulum getting very exciting
Just noticed Coinbase are now displaying a Pen price. Not sure when this began but wasn't when I checked few days ago.
Pen token is rising, maybe partly due to the latest news from pendulum on twitter. Sitting down at the local having done some shopping, just curious, not looking for new mates at all, but anyone else find it's a lonely old game share trading? Maybe a bit like the farmers, they're in a lonely old game I hear :/
Probably best if they are looking to boost their brand and awareness - ahead of a valuation
PEN token Up 20% 24hr - 17.8 versus a launch price of 12.5
https://www.mexc.com/exchange/PENDULUM_USDT
Marma - if it us transfero it brings another Brazilian pegged stablecoin to the ecosystem BRZ
https://www.brztoken.io/
Apologies if late to the party on this one - but looks like Satoshipay have updated their website? https://www.satoshipay.io/
More inline with the branding of Pendulum and builds a closer connection in the public eye with Pendulum listed as one of their products along with DTransfer
Would tie in with Pendulum's annoucement re their partnership with ntokens.br and the Stellar connection.
https://twitter.com/pendulum_chain/status/1640353928645689344
https://blog.cryptostars.is/announcing-brl-bank-deposits-through-ntokens-b5f35290852a
The more the better right?
Pixelated logo looks to be Transfero Group https://transfero.com/?lang=en
Promotes financial integration with all Brazillian and Argentine banks. Reliable asset connections for platforms wishing to enter Latin America.
Hoping we can find out today JOHNO77.
Sounds very positive indeed :)