A few hours ago one of my friends called me in real FOMO asking for help to buy some RSR.
Due to the fact that I am not Licensed to do so, there was nothing I could do for him.
Except grab my calculator and work out the possible RSR price if the TOTAL 100.000.000.000 TOKENS were in circulation right now (ONE HUNDRED BILLION With a "B")
and the same US $ 63.974.936 were divided among 100.000.000.000 RSR Tokens.
When I showed him the figure showing on my calculator, the colour of his face went ....
sort of paper white.
US $ 0.000639749
Meaning that with one dollar IT WOULD BE POSSIBLE TO BUY SIX THOUSAND THREE HUNDRED AND NINETY SEVEN 1/2 ..
.. 6,397.49 of those.
He asked a question that I could not answer, namely:
How many millions of dollars will this Company need to raise, just to keep this very same price?
We add 2 zeros to the existing ones on the Dollar amount they have today, and that will do.
About SIX THOUSAND MILLION or so.
$ 6,000,397,490.00 Just to keep its price as we have it today.
Please be aware that I am an absolute ignorant about finance and its puzzles.
All I do doesn't go beyond arithmetic which does not imply any financial advice, none whatsoever.
Please, always do your own research. Always.
Due to the fact that I am not Licensed to do so, there was nothing I could do for him.
Except grab my calculator and work out the possible RSR price if the TOTAL 100.000.000.000 TOKENS were in circulation right now (ONE HUNDRED BILLION With a "B")
and the same US $ 63.974.936 were divided among 100.000.000.000 RSR Tokens.
When I showed him the figure showing on my calculator, the colour of his face went ....
sort of paper white.
US $ 0.000639749
Meaning that with one dollar IT WOULD BE POSSIBLE TO BUY SIX THOUSAND THREE HUNDRED AND NINETY SEVEN 1/2 ..
.. 6,397.49 of those.
He asked a question that I could not answer, namely:
How many millions of dollars will this Company need to raise, just to keep this very same price?
We add 2 zeros to the existing ones on the Dollar amount they have today, and that will do.
About SIX THOUSAND MILLION or so.
$ 6,000,397,490.00 Just to keep its price as we have it today.
Please be aware that I am an absolute ignorant about finance and its puzzles.
All I do doesn't go beyond arithmetic which does not imply any financial advice, none whatsoever.
Please, always do your own research. Always.