Master Contract Token - My view on the price - NEO Token nep-5

in neo •  6 years ago 

MCT was an airdrop for nep-5 token holders. 1000 MCT per type of token was received in each wallets. MCT will be used to secure contract at discounted Gas price. With 10KMCT you will pay 90 gas instead of 490 gas so you would save 400 gas. Gas today is at 19 USD so 400 gas worth 7600 USD.

MCT is not a 1 to 1 replacement of functionalities so you would have to discount. Let's say 50% discount it would be 3800.

What is the OTC price today; for example on discord it trades about 2 gas for 1 KMCT and trading is going on as it did not hit an exchange. it trade 0.038 per MCT but price could be up to 0.38 USD so X10 current trade level. i will keep mine and wait.

MCT Price is link directly to gas price. I believe gas should be back at 90 in a few years based on the demand and neo progress.

This is just my personal view and not and advice on what you should do.

Link to website https://github.com/Splyse/MCT
Unknown.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @matt3333! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You got a First Vote

Click on any badge to view your Board of Honor.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last announcement from @steemitboard!

Do you like SteemitBoard's project? Vote for its witness and get one more award!