I've been doing some calculations on obits just to see what's cracking and if it's a good investment. Please correct me if I'm wrong.
Right now obits are around 1c (usd) each. If the switch to sharedrop goes through, which I think it will (see
obits.io/voting) I've done a calculation for how much I'll be getting back on a $100 investment.
OpenLedger has been very transparent with the data from obits and I expect they'll keep doing that. Over the last few months on the 2nd of each month Obits has put between 1 million and 3 million BTS towards a buyback of Obits. (obits.io : buyback history)
I think October will be a good month (with BlockPay and BTC:peerplays as well as obits trading itself generating big fees) so let's assume a 2 million BTS sharedrop on a 7,202,031 Obits supply:
10,000 Obits/7,000,000 Obits (my share of the supply) * 2,000,000 BTS * .005 BTS/USD = $13.84
That's a pretty insane return. In <10 months I'd have over 100% gain. Is this right?