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/biz/ - Business & Finance

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15854929 No.15854929 [Reply] [Original]

look at this shitcoin

>fake partnerships
>no clients
>pump and dumped
>about to fill for bankruptcy
>ceo arrested for drugs

you bagholders got scammed hard

>> No.15854971

>>15854929
CEO in custody at Belgian border now.

>> No.15854987

The amount of baseless FUD this project receives is extremely bullish

>> No.15854989
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15854989

>>15854929
bitch i got dat harmony

>> No.15855273

>>15854929
>IBM partnership is real
>AmSpec and AirBus are real clients
>I'll give you that
>Nope. Two year run way. Also, they need 1.5 million file validations a year to break even. Already half way there in a few months. Way ahead of schedule.
>No

>> No.15855901

>>15854971
yup

>> No.15856861

>>15854929
Bitches love my vidt

>> No.15857161
File: 378 KB, 746x1089, muh-revenue-and-profit.jpg [View same] [iqdb] [saucenao] [google]
15857161

>>15854929
Dubious marketing strategy encouraging mass spamming and washtrading. Scam tokenomics. Useless worthless token. No unique tech. Operating at a loss. Partnered with LTO. Small side project of another company. Pass!

Let's look at the white paper and do some math. They will need 1,500,000 files validated to break even. One file validation costs as much as $2.20, $1.65 on the middle plan, and even less on the bulk volume plan. Let's go with an average of $2 per file validation.
>1,500,000 Files X $2 = $3,000,000
>$3,000,000 / 5 Years = $600,000
$600,000 is their estimated annual revenue as file validations are a one-time fee and not reoccurring. The verifications are free. V-ID sold $3,400,000 worth of tokens in the ICO with a white paper outlining a plan for five years, so the numbers so far are reasonable.

V-ID is a tech company with no unique tech or first mover advantage. Supposedly uses algorithms that cannot be patented, according to bagholders. Multiple competition exists, including Acronis Notary, IBM Blockchain Trusted Identity, and Bitcoin.com Notary to name a few. V-ID's potential advantage is a user-friendly design, which can be had for $10,000. V-ID is in the software industry, so let's value the business at an incredibly generous and delusionally optimistic 3X revenue. In which case the company can be estimated to be worth $1,800,000 as of today.

If VIDT will convert to VIDS, which represent shares in the company and the total supply is 62,391,039 VIDT, then one VIDT is realistically worth 2 cents today. 5 cents if we only use the circulating supply (30,800,318). Of course that's with the 3X multiple. At 2X annual revenue (and only looking at circulating supply), one VIDT is worth one penny. And currently, it's even worth less.

Will the largest VIDT whale with his tokens locked up in a smart contract want to sell or convert to VIDS next year? Will "he" also do cursory math before making his decision? Coin is overvalued and worthless.

>> No.15857262

Oh no no no