Some new info was just released about the Ink Protocol crypto coin, finally giving us some numbers to play around with.
The conversion rate will be $1 of credits = $1 of XNK based on the token sale price, which is 3,850 credits for 1 XNK.
The approximate token sale price of 1 XNK at the ICO was $0.14 (according to their Telegram page).
The ICO pre-sale sold out almost instantly so the only way to accumulate future XNK is to sell items on Listia. We have the month of February to gather as many Listia Credits as we can so that they can be converted to XNK after February 28, 2018. On the other hand, if you think the price of XNK could tank you might use this opportunity to spend your Listia Credits now to at least get something for them.
I have been selling light-weight, easy to ship First Class items like cd's and dvd's for the past couple months in hopes of stockpiling Credits. I have been pricing a little lower than most people (in the 300,000 to 700,000 range with free shipping). But with these new numbers released today I'm thinking of going even lower. A 500,000 Credit item would cost approximately $18.18 (500,000/3850 = 129.87, 129.87 x 0.14 = $18.18) with these figures in mind. A new range of 100,000 to 300,000 might be something to consider. It costs about $3 to ship a cd/dvd so 100,000 credits should cover that part.
The best case scenario for this token would be some combination of Listia exploding beyond the 10 million registered users it already has and/or this XNK payment system being integrated into other marketplaces like Craigslist, Facebook, OfferUp, LetGo, etc.
Are there any Steemit users here that are doing something similar with Listia?