I am still so excited about the ARCHON multi-chain layerware project, I actively shill it when I have time. This is a new type of tribe, SUPPORT through AUTOMATION tribe, and things are going really good. Here is a primer on how the tribe works and here is our current service offerings post. If anyone is tempted to ask for more links, these are the ones you are going to get.
When ARCHON first came out, and the first round of miners was sold for 20 hive, almost no one bought them. I am generally very suspicious of the miner model, and at first only bought into the ARCHON presale. As I realized more the potential of the ARCHON tribe, I came to decide that 20 was very cheap for the miners. That they should be worth closer to 100. Today the market agrees with my analysis of 6 months ago. ARCHONM miners were officially sold up to 40 hive in price, and I bought them all the way up, even buying from other tribe members, eager to take 2-4 x 1 gains from 20.
The first detail of these miners that makes me think they should be worth much more, is that there are only 1000. Never more. In fact, somebody burned 0.999 of them to null, perhaps to make an odd number.
There won't be any more, there can't be any more, we can never and will never make any more of these.
Also its interesting point that the hybrid mining of some fixed archon and some random archon makes even 1 miner pay out daily. The random hive rewards are a very special point, as these rewards can grow, and have grown from 0.025 to over 0.06 hive, a nice doubling that is perhaps not considered by all observers. The HIVE portion of the mining rewards is much easier to grow, and doesn't require any increase in the ARCHON inflation.
The main calculation I do to measure 'tribe values' is market cap vs asset backed value. Most tribes have nearly ZERO asset backed value, and very high market caps as a result of there HUGE token supplies. ARCHON has a very small token supply and a moderate and growing asset backed value.
YES but, now that ARCHONM are at 100, its too late for me.
As I shill and sell the ARCHON services, an expanding slate of automation that can be activated with by staking ARCHON or by holding ARCHONM miner tokens, so many people have said the same to me. I would have bought at 20, but now its too high. And that's a fine analysis. I just don't agree with it.
First, you didn't buy at 20. Many people told us that 20 was too high. It took a visionary to buy those tokens at 20. But more people will get the vision.
Additionally, the market cap of the tribe is STILL INCREDIBLY SMALL! I wouldn't be suprised if we hit 1 million hive (7x) market cap next year, with all the cool services we have in the pipe, maybe even more. Depending how that filters through to ARCHON and ARCHONM, a miner price of 500 hive would not surprise me. THERE IS A LOT OF ROOM TO RUN.
In the end, complainers gonna complain, fomo-ers gonna fomo, and only those that want to buy will be buyers. This is how markets work. But I would encourage anyone that might want some ARCHONM to put in a buy order, remembering that markets work both ways, and there are surely some early investors eager to take some profits right now. Just not me. I will wait for the next leg up to sell a few more 😁
Put in an order, you never know what might happen.