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During large initial public offerings (IPOs) of blue-chip companies in Wall street, it is hard for regular investors to evaluate securities to measure their genuine value by examining financial factors, let alone crypto currencies ICOs, most are too vague to study their fundamentals, rely on it, come up with a fair price for good entries, sure we can figure out a good price estimate based on project technical progress and adoption since launch, but we can’t really do that with such massive number of hardly traced coins, lack of information reliability and company credibility aside.

Alternatively, our best bet would be technical analysis, to figure out a fair estimate to make sure market price is not so far away from fair price, by checking asset price on different exchanges where it was already listed, if it was not previously listed on other exchanges, we have to wait for a decent time frame to be completed, a month at least, actually the longer the frame we have, the better moving average we can count on.

Also, we can investigate its order book, differentiate real bids from fake ones, real bids are near in price, typically within ± 5% of current price, real bids don’t move a lot, unless they are moving toward current execution price; a bid moving up in price, or an ask moving down, duplicated amount at different rates are also suspected, relatively large amount orders have a huge potential of being fake as well, usually buy/sell walls indicating opposite sentiment, holding price at certain support/resistance level, while executing on the other direction.

Bodhi +2100%

As for exchange venues, some like to set opening price at 1$, others set it at 0$, both approaches are misleading, neither +1000% increase or -90% decrease is so pleasant to eyes, even if it is only a reference, subconsciously price tends to bounce back to that reference, a healthier approach is to set the opening price slightly above offering price without the premium discount, in order to maintain a reasonable organic depth that can lift the price up slowly and gradually, leaving no gaps behind, waiting to be revisited and filled later.

typical growth to 1$ over year(s)

Organic growth of RedCab utility tokens will be maintained by the market itself. The more demand on the Token over time from users who will be buying it everyday through the app, versus the limited circulating supply will create logical value appreciation. Through time, REDC will be bought and sold automatically via the day to day transactions from the in-built exchange via the dApp. Drivers selling their Tokens to monetize and in the same time customers buying it to pay for the trips. Millions of daily transactions will be balancing the supply and demand market depth.

The proof of driving and proof of marketing algorithms will control the token generation rate (difficulty) depending on the network size, and it’ll keep on generating the Tokens till the year 2100, making the Token more valuable as its supply becomes more and more scarce. Such approach will drive the network of drivers and customers to grow even more because of the monetary motivation in tokens acquisition, which in turn causes a chain reaction of exponential growth.

The RedCab REDC tokens are classical utility tokens, and the RedCab team has passed the HOWEY test with a score of 10.

RedCab ICO starts June 22nd and ends August 15th 2018.

RedCab ICO Website: https://redcab.io

Company Website: https://redcab.co

Our products are available on the App Store and Google Play for both clients.

Google Play

RedCab Passenger App — https://play.google.com/store/apps/details?id=com.redcab.passenger

RedCab Driver App — https://play.google.com/store/apps/details?id=com.app.redcabdriver

App Store

RedCab on the App Store — https://itunes.apple.com/us/app/redcab/id1330160835?mt=8itunes.apple.com

RedCab Driver on the App Store — https://itunes.apple.com/us/app/redcab-partner/id1330176815?mt=8