I am officially back from COP19, it was wonderful, fabulous and all around there are many posts coming up from me; I have budgeted some time to spend in the office banging my head against this noisy keyboard.
But to get the ball rolling, I want to give a quick update about ARMERO token!
ARMERO: tokenized dCity exposure bond
Remember you can see all the old posts and track the new ones at @armero
We have come a long way since the beginning, and I am very happy how everything has turned out. As mentioned in the discord, basically the project is "coasting", minting is closed, and just trying to "play the game" as best it can.
But as "best it can" is pretty good, seeing as the NFTs on the account are worth somewhere between 74 and 130 Million SIM. If we guess SIM is worth 200 hive per million, we are sitting at somewhere between 14800 and 26000 HIVE in assets.
With 87465 tokens in circulation, we can see that there are dCity assets backing each token to the tune of between 0.169 and 0.297 HIVE/token.
But wait, there's more!
Since the last update, we made a decision to power up 500 HIVE and participate in the daily minting of a young citizen. This HIVE power gives us needed population and increases the diversity of funds backing the account, even if all 532 HIVE only adds 0.006 of Hive value to each token.
Although we are not curating yet, our HIVE power is growing from post rewards, which are generated every time a dividend goes out. The HBD earned is used to fuel the dividends, but the HP becomes part of the holdings.
Of course there is also our Pool Position, which has been sufficiently raided over the last months, not just for dividends but to power up enough HIVE to get the young citizen mint.
Here there are still over 3 months of dividend support so we can continue to grow our SIM Power, which will shortly be passing 34M. We do have some bids open, and sometimes they do fill, but on hand we are also holding more than 28 million SIM (worth some 5600 HIVE, or 0.064 HIVE per token)
What's the price?
Price is decided between participants, and I encourage you all to check out the final section of my recent Ecobank Post. We can together work to decide on what the value of these things our - todays numbers tell me that ARMERO is probably worth more than 0.2 but less than 0.4 HIVE.
So please don't pay ridiculous prices:
Yes there is often a lack of liquidity in the markets, especially when my orders expire after 30 days and I am on vacation.
But if you want some ARMERO token, all you have to do is stipulate a price on the market and someone might just fill it! Including "me", for several definitions of that word, as all-totalled accounts I control have about 82% of the tokens.
Unfortunately at this time, for this project, making a liquidity pool does not make sense, and it may never make sense. We will just have to use the market.
And for this reason, there are not often many for sale at a time, as all listed ARMERO will not get divs. So its better to comment on one of my posts, or just put in a buy order, if you want access to "liquidity".
By the way, speaking of divs, this is one way we can "back calculate" a possible value.
Dividends
The project currently targets 0.001 hive per token per week, and I am pretty sure I missed a week somewhere, but even at 50 per year that's 0.05 HIVE. If you buy it at 0.2, you are getting 25%, if you buy it at 0.25, you are getting 20% apr.
All sorts of complicating factors exist around price, since we are also getting "exposure" to future dCity success - but valuation is tricky. So let's use the order books to negotiate.
Please don't pump, list.