Coin value of DCC holdings, page-91

I had a dabble with BNK and has been nice seeing a weekly deposit of ETH each week from the 20% revenue share. A quote below from tonight’s newsletter for those not involved..

“each BNK holder has been allocated 0.0000000274399 ETH (0.0000192573 EUR) per Banker. Given the initial ICO price of 0.017 EUR, this revenue share is equal to a 6.06% annualized return (0.00060638894 EUR per 1 BNK). If we compare the revenue share with the pre-ICO price of 0.01 EUR, the annualized return is 10.5% (0.00105217175 EUR per 1 BNK)”

DCC received 130,000,000 BNK tokens less fees they paid out to others. Let’s call it 100,000,000 BNK.

Current ICO price is 0.017 EUR = 1.7M EUR ($2.6m AUD) asset value. Weekly distribution based on the above is 1,925 EUR or 100,000 EUR pa paid in ETH on current prices. This is before a) any price rise (ico goes to 0.019 EUR once 1B tokens sold (350M to go) or b) transactional revenue increases, though this may be neutralised if tokens in circulation increases faster than revenue.

Anyway, my 0.017 cents worth at 5am. Forgive me if any maths is wrong, but I would be interested to hear what other investors think about BNK?

Woke up early I think in anticipation of seeing what DCC does today. BTC is down so may take a little steam off. Will see in a few hours!