Just wanted to put up a quick post regarding the price of SPORTS tokens currently on Steem Engine.
Please do not take these observations as a criticism, I love the project and am doing whatever I can to help it become a huge success. This post is part of that, I'd hate to see people burnt by paying too much for tokens. That said, I could be completely wrong, and the current price could be fair.
At the current price of 1 SPORT = 0.00301 STEEM, SPORTS has a market cap of just over $100 million.
Comparatively, PALcoin is currently just over $2 million, and the ENG token is just above $1 million.
Some very large post payouts will start in 48 hours, after the token economics where changed due to the exploits found and used by a few users early on. I'm not saying don't buy SPORTS, but to have a Market Cap of $2 million (equal to Pal which is pretty optimistic) the price of SPORT would have to drop by 98%, to a price of around 0.00006 STEEM.
None of this is financial advice, and again not criticising the project. I'd love for this price to last, but just wanted to urge a little caution. Do your own research.
Cheers,
John.