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Wednesday, May 01, 2024 9:19:18 AM
RISO tokens will be brought to market for $27. They will be issued to the public for $27. 20M of the 100M tokens will be underwritten by the banks. Same for gold and same for whiskey although I'm not sure if the price for whiskey has been determined yet. But gold is close to $27 as well.
Supply and demand. Selling pressure versus buying pressure. You know all this. The price will fluctuate. Supported (underwritten) by the banks, so that should provide some support for the token price. A year from now it could trade at $10 or $100. Depending on the factors we discussed previously like cycle rate and margins.
It's possible, that every token owner (there are close to 90 now) who owns more than 10,000 tokens will be a millionaire soon. Roughly 85% of the current shareholder base. Quite an interesting prospect.
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