Even with recent price movements of Bitcoin and Ethereum, CargoX ((CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2) has been able to keep the price stable / rising. After some analysis I figured the best way to look at its price was via USD as the coin will be bought by business for a set price in dollars.
Egyptian government announcement about CargoX and ACI system: www (dot) nafeza (dot) gov (dot) eg/en/site/aci-details
The upcoming event, Lets look at some numbers: Egypt has an yearly average container port throughput of approximately 6.5M TEU Lets take the conservative estimation that import/export is about 50/50; However, this source leans to more import than export: 3.25M TEU Yearly; About every 1.45 TEU requires a Bill of Lading document which costs 15$ worth of CXO: So about 2.275M BoL yearly with a total cost of: 34.125M dollar. Currently the whitepaper of CargoX states a 70% burn rate: Thus 23.9M dollar worth of CXO burned every year. Every year. From Egypt alone.
With these estimates CargoX is looking to have a very bright future, together with those who are holding the token.
Please let me know your thoughts about the estimation.
Found this on the CargoX reddit, which has a much lower estimate. Let's see how it plays out. reddit/r/CargoXio/comments/nqfr7j/observations_from_the_webinars_for_aci_egypt_and/