Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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And from a value perspective it's independent (well mainly...). There will be some potential cross impact as theres cross burns, etc. But it gets complex.
PEN Is it's own token. There is no reliance on the value of Polkadot. It's basically independent. Polkadot is basically a Layer 0 token - it's the foundations if you like from a building sense. Pen is built on top of it - if you view it like a house, Pen is basically brick work, etc. Serves its own purpose. It's how all tokens and projects work - they all serve different purposes.
Thanks ragnarr, but that was not really the question, if our backbone is Polkadot what does that me with regard to the valuation of PEN, as I understand we will be moving on other tokens as we move forward, but what does our association with these other tokens (and Polkadot) have to do with our intrinsic value? Are we a stand alone token, just using other platforms to exercise our operation of FX? If we gain traction, does that mean that Polkadot will go up in value too???
I know this is a very complicated environment, but if you or somebody else could shed some light it would be appreciated.
Personally think people here are willing to buy but don’t want to feed the seller that’s clearly keen to dump stock.
Let them dump and pick up cheaper stock. That’s how I see it. Thanks
Let's face it, when did a share price ever behave rationally.
I too fully expected a big rally today (we may of course still get one but looking doubtful).
It's frustrating but human psychology is complicated. People miss the rally's usually becasue they happen in the blink of an eye, we all know that.
Shocked at the lack of interest today with just 10 trades.
That sound very naive Darkhero. We are all the same, whether we own 1 share of 1mln shares, and all in it for ourselves. Do you expect shareholders to say 'I'm about to sell my 1/1mln shares, but please go first if it offends you?'.
Get real fella. This is capitalism.
I liked this understandable article from June.
https://medium.com/acalanetwork/pendulum-and-amplitude-integrate-with-acala-to-bring-ausd-to-the-polkadot-and-kusama-based-b9754706b43a
Big names due to be dropped thru socials…. That will help its association.
Ah I signed up for the ambassador but then gave up too much effort for me!
There isnt really a set formula for valuing a new ICO but lots of things will be taken into consideration such as the potential market, the service or product the token can provide, the current market conditions, comparable tokens and lots more, projected supply and take up and loads more - in simple terms I have no idea what they will come up with:-)
but based on the fact that the presale raised USD5m for 20% at the PEN presale IE 40,000,000 PEN tokens that would value a PEN token then (before anything had been developed) at USD 0.125 so I think it is safe to assume the ICO should be higher than that.
One word of warning here. The current crypto space, whilst starting to move again is not conducive to high valuations so I wouldnt be expecting a huge market cap from the off. But if a project gains traction and highly utilised it is not unusual to see a X50-100 growth over time (needs a bull market and a successful project)
Pendulum Questions and Answers
They not keen to buy my shares….NT
They know it’s a top up for Argo!
So when our PEN tokens are tradeable, how do they get allocated value, does it sit within the total value of Polkadot , or does it have its own specific allocation of value, and how will that be allocated? If it is a separate entity, what does Polkadot get from PEN for using their ecosystem? Just thinking out loud really and trying to gauge where we will be upon tradeable launch...
Cheers Ragnarr. Going to be an exciting month or two.
If you havn't already done so then well worth reading the article below;
https://medium.com/@CalendarDefi/new-defi-projects-pendulum-493bad51e378
GLA
Reachforthestars - Yes - the whole Pendulum project is to create a whole ecosystem build on the blockchain for AMMs, lending protocols, stable fiat tokens, yield optimizers, on/off ramps etc, and the larger the ecosystem grows the more transaction fees are generated.
Dark - I think you have just spent several posts describing each and everyone of us havnt you ?
:-))
@dukee
sadly we did not sell the whole of the remaining crock that is guild, but fair play to TF , he has operating cash now to see BLU through to monetisation of the 2 key investments.
no more funds required, no placings, no (further) dilution .......... all things remaining equal !!
Well someone said previously BTC helps this rise….ummmm not storming ahead yet.
So when should investors sell their shares or do you want them to hold for eternity?
Seems like an position to take.
Ultimately dont we invest to make money?
Will other third parties be able to build Dapps on the Pendulum chain or is it limited to the Satoshipay ecosystem.
Could see real network effects if it's open to all. If so, are there any that have been announced or be rumoured to do so? cheers.
Whether an investor has 2k or 2 mill, they are both here to make money. Never see them as friends.
Maybe the concept of investing and making profit from investments is wrong.
Regardless of wealth we are here to take a profit, its irrelevant how much they affect the sp as we would all do it given the chance.
Frankly I find it laughable when people claim it is not our business what other investors do!
Yes it is my business when another investors actions negatively impact on my investment and the hard earned cash I have invested in to a stock.
Too many people on here want to suck up to our larger investors but this is foolishness. These guys are only interested in lining their own pockets. They are not your friends!