I'm sitting here drinking my coffee still dumbfounded by the sudden meteoric rise in the price of Steem.
But I think I may have figured out on of the very prominent factors that have contributed to this.
Today, Vice Token launched its pre-sale ICO for tokens based on the Steem Blockchain. But whats more, Vice took a snapshot of the Steem blockchain at block 18,500,000 for their air drop.
source
So guess what, we are all getting free coins!!!!
To work out the value of their coins, I've done some math for you.
There are approx 400,000,000 Vice tokens being air dropped to Steem holders, and there is currently about 262Mill Steem in supply. So that means we should get approximately 1.52 Vice Tokens per Steem we hold.
So as an example, I currently have about 3,275SP so that means I should receive just shy of 5000 Vice Tokens.
But how much is that worth? Well according to the white paper, the ICO price is 5c per token, so this works out to be about $250. That's not bad return for doing absolutely nothing. And that's only the starting point, if it was to go 100x ICO price, I would be sitting on a nice little packet of $25,000.
This is 1 ICO that I am really hoping to take a good stake in this year, regardless of your thoughts on the porn industry, sex sells and we are all here to make money.
