I came across this Feb 22 article regarding Spotify going public at an estimated $20 billion market valuation. That shows the potential value increase of MUSICOIN in 2-3 years when I believe we will have become a dominant competitor in at least the “indie” streaming music field. Consider this, if MUSICOIN only captures 1% of the market that Spotify has, that is a $200 million market valuation. MUSICOIN currently has a market cap of $3,091,346. This would mean a 6400% increase in valuation over the next 5-10 years. Assuming an ending supply of 1 Billion MUSICOIN, that would make 1 MUSICOIN be worth $.20 - $.24. That sounds like a conservative estimate for what is now a fledgling “indie” music platform. If we could only focus on the indie music scene and become known as the best indie platform, I believe we could achieve that kind of valuation conservatively.
@ciarrocchi ok, my friend.
First of all I hope you know how to multiply digits. After that look here https://explorer.musicoin.org/
There is block number 3286628 at 2018-09-06T20:39
There are 314 coins in one block and alittle less coins in uncle block. Chance of uncle block is ~3%, so
3286628 * 314 = 1’032’001’192 coins
plus 3286628 * 0.03 * (number of coins in uncle block).
776 million is the current circulation according to the coin info sites below. Where are you seeing over 1 billion circulation?
You have to manually request an update in circulating supply to coin market cap. So there is now more than 1 billion coins emitted by now. I don’t think is that easy to figure it out considering that the official explorer listed in coinmarketcap is down (https://orbiter.musicoin.org/) but you can still calculate it.
The official ANN (https://bitcointalk.org/index.php?topic=1776113.0) says there’s 314 coins mined every block. So based on that you can check in http://music.minerpool.net/#/ what block the chain currently is. As of now:
Blockchain Height: 3,286,849
So multiplying that by 314 coins created each block:
There’s a total of 1,032,070,586 currently in existence.
Is this number that is constantly increasing that we have to use to calculate the marketcap. I hope that:
- coin circulation gets update in coinmarketcap
- the official block explorer gets updated.
This so it’s less of a hassle to interact with the technicals
So yeah, for now at at $0.003867 USD $MUSIC marketcap is
Still, incredibly cheap and with so much room to grow if, as you said, musicoin gets to capture at least 1% of Spotify market share.
The future is bright for all musicians aboard the $MUSIC train
I would appreciate if you guys can listen to my music to support me I’ll do the same.
Yeah, I don’t see Spotify / Pandora etc as competitors. Musicoin should focus on being THE home for independent artists, and make it a no-brainer for new artists to be here. I’m just looking at it as a way to put some potential valuation on the value of $MUSICOIN. 1% of the Spotify audience, but for Indie music, would be a very valuable result, and is doable, if we maintain that focus.
Also, Spotify ended up being valued at $30Billion after all, so 1% of that would be $300 million. Let’s say the final circulation of $MUSIC is 2 Billion coin. That makes 1 MC = $.15. Not bad to go from $.00375 to a stable $.15 in a few years.