1. FGF controls the supply
This new sentiment requires a more proactive approach to ensure that there will be no hiccups while we develop the platform and help grow volume in preparation for full implementation in 2019."
- ACU July Update-
2. All ACU tokens are locked for 12month except 25% ( FGF20%, ACU 5% ; ACU also hold another 15% but locked for 12 month)
3. FGF's 2B tokens is to provide initial liquidity for exchanges and establish a favourable trading environment. ( selling tokens= revenue)
4. BTCEXA is a brand new exchange which opened in July this year= not many users BUT
daily ACU volume is 50M and ACU/ETH pair will be added soon= + volume
5. ACU is going to be listed on multiple exchanges
"This listing marks the first of several planned exchanges in the roadmap"
6. we have 10 months till July 2019 to sell all 2B ACU tokens.
10 months= 300 days
2B/300days= 6.6M per day
* BTCEXA alone provides 40~ 50M volume daily= enough liquidity to sell all our tokens
* ACU is going to be listed on multiple exchanges
if we could sell all our tokens by end of June … actually we don't have to sell them all, we can hold some portion as token=cash on exchanges.
but just guess, if we make $20M~40M revenue by selling ACU tokens, what would be the fair share price for FGF? I think 15c is conservative by July 2019.
FGF 27M Mcap now at 1.8c
1. 8M cash
2. 3.55M in investments
3. Hcash 900K
4. ACU current holding value AU$43.66M at 0.0157
5 . YPB ICO deal secured
6. Cold wallet ICO deal secured
is FGF overvalued now or undervalued at 1.8c ?
I don't want to risk my position to sell high & buy back low at this level= too risky to get back in.
also I have been in FGF since late March this year, happy to see the progress , we are making revenue.
DYOR and Good Luck to Holders ( hoping to see FGF Disallowed )
