My thesis is simple:
Why would Apple not make a comment on the iEthereum token as it has their logo outline? I think it makes sense for Apple to launch a token this way in the world of decentralized finance. So If Apple is not backing the token it seems to me it would be wise for Apple to buy the token regardless. Current market cap is 500K in total Apple could easily buy a large chunk of tokens as in 450K worth and they would essentially own the future of the iETH smart contract and could therefore take it wherever they wanted it to go. Obviously that would be a small price to pay with that logo and token name. In my opinion at holds the best two brands in all of technology with the logo and ethereum name.
Obviously it would be helpful for somebody to write a news story regarding the above question. The developers apparently have chosen to be Satoshi or (anonymous) or at least not update the next steps or provide company updates (very annoying I must admit).
I actually think that, as a smart contract, it is a good thing if developers are not too heavily invested as it appears that iETH has had widespread distribution from the start. Apparently the developers only had 1% at the launch. I would guess they have been buying back the token. It will be very interesting to see if this token gets picked up by an exchange with significant volume what would happen to the token value. It appears that it has a gigantic upside with a positive update and a reputable exchange offering the token. Just my opinion but there is not reason this token is not a 100 million market cap based on the branding and the transaction speed and scarcity alone.
I am asking a simple question and apparently nobody has any answers. Very unusual and interesting token with huge potential it seems. I guess I will wait for the next update, if that ever happens.
My understanding is the iEthereum token will remain on the Ethereum blockchain forever? Someone please comment if that is not true? It is about 8x more rare than Ethereum and benefits from the same blockchain, so no reason it will not be worth at least 5$ per token in the near future in my opinion. Not really able to see any downside risk in holding 80,000 iETH tokens for a couple years. if it is not a 100$ token in the next 2 years I will be surprised. Apple is way over due to make a comment. in the past they wait 24-48 hours to comment. Waiting 2 years to comment about their logo is more than very unusual. I sincerely think they may own the majority of the token. If so they don't appear compelled to sell any of the tokens Apple owns. Just a theory.
