HUGE ARBITRAGE OPPORTUNITY FUTURE/OBYTE/STEEM
Either I am missing something or there is a huge arbitrage opportunity with the future tokens.
This is the book on obyte exchange bot atm:
at the current obyte price of 50.00 USD this means that @ a price of 0.000035 the future tokens are valued 50.00 USDx0.000035 = 0.00175 USD or 0.175 cents.
This compares to an intended future ICO price of 0.5 cents and the 0.5 cents are also the price you pay atm in the drugwars online shop buying future tokens.. (and with this tokens you get again a 20% discount using it for in game purchases)
So the fair value atm of the future token would be 0.0001 obyte (50.00 USDx0.0001= 0.5 cents)... or nearly three times the current value!!!
That means a dollar worth of future tokens is traded for 35 cents atm.. while people are still buying future tokens in the drugwars shop for 1:1..
Did I get something wrong? Why do people not see this?
Bought some of them in the first days on Obyte and won't even tell to which price ( :-) )
Had the same thoughts as you explain in your post :-)
Hopefully we'll see a bright FUTURE :-)
I know.. it was below 0.00001 or @ 10% of the fair price.. ;-)
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I guess because no one is buying future tokens on the site. ( well, not even on the wallet.)
I don't think so.. as it is all on the BC you can see that people still buy for double digit steem amounts.. so they not only do not use that massive arbitrage opportunity via obyte.. it is also the case that most still pay directly with steem (approx. 75%) instead of buying future and having a 20% discount.. strange strange strange...