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/biz/ - Business & Finance

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6081003 No.6081003 [Reply] [Original]

GTF in here

>10 billion Chinese investment fund is behind this (basically the Chinese Y Combinator, see article below)
>insurance smart contracts of the future
>10 million chinese already using it and more are interested in joining
>superior to old insurance system
>completely under the radar right now
>telegram only at 600 members
>trades for .16 cent or so on gate.io and huobi
>not even shilled here on /biz/ and only out for a couple of days

http://www.scmp.com/business/china-business/article/2047992/internet-firm-zhongtopia-aims-bring-financial-relief-needy

>> No.6081188

>>6081003
bump

>> No.6081407

Delet dis

>> No.6082050

>>6081407
Sorry

>> No.6082377

Seems like a long term hold.. read somewhere they already have a 200m market cap with the main net coming in a year. Where do you the marketcap going OP?

>> No.6082403

Sorry not sorry.

>> No.6082580

>>6082377
If I do some manual calculations I think the mcap is around 120m. Keep in mind that there are only 1b tokens... 50% is locked up according to the WP.

>> No.6082638

this is like a shit version of MED. read about MED on coinmarketcap and "Buy MED Instead!"

>> No.6082742

>>6082377
I just read the white paper, total supply 2 bill. circ supply 1 bill, current price 20 cent. which 200 mill mcap. sorry I dont buy this shit. thx

>> No.6083274

>>6082742
I think you vastly underestimate how many potential chinks this reaches.

You're gonna cry when it hits Binance. We all know how much Binance loves them chink coins.