Is DeepBrain Chain (DBC) Deeply Unvalued?

Artificial Intelligence Blockchain Driven Computing Platform. DeepBrain Chain's vision is to provide a low-cost, private, flexible, secure, and decentralized artificial intelligence computing platform for AI products.
The DeepBrain Chain token, the DeepBrain Coin (DBC), is traded via smart contract based on NEO. The mining node is incentivized through a system designed through smart contracts.
DeepBrain Chain is a decentralized neural network. Countless mining nodes across the world will supply computational power for AI use to meet world-wide enterprise demand. Mining nodes receive DBC as compensation. The GAS fee each enterprise need to pay is far less than the intrinsic fee.
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theDarkGoatisBAAAAD
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Is DeepBrain Chain (DBC) Deeply Unvalued?

Post by theDarkGoatisBAAAAD » Fri Apr 06, 2018 2:24 pm

"It’s been nearly two months since DeepBrain Chain was trading at its all-time high that hovered around the value of 0.60$ per one DBC unit. Since then, DeepBrain Chain has been experiencing great downfalls that eventually made it trade far from its highest price. While investors and holders are probably having a hard time over having their favorite currency dropping pretty far from 0.60$, it seems that the DBC dev team is even more bummed out about it. That is how, a bit more than two weeks ago, DeepBrain Chain announced buying off 40 million DBC units from already existing investors. Why DBC decided to make this move and what is next for DeepBrain Chain?

DeepBrain Chain is Buying Off 40 million DBC units

On March 16th, the team behind DeepBrain Chain has announced that they are planning on buying off DBC units from various investors from more than one exchange market. On the mentioned date, the team behind DBC, otherwise known as DeepBrain Chain Foundation has made an announcement regarding repurchasing of the circulating tokens by using their official Twitter account. In the tweet, the DBC Foundation stated that they believe that DBC has a great potential, both technologically and regarding the market value. However, as the team considers that their currency is undervalued, they have stated that they wish to buy off 40 million DBC units, which means that they will be buying 4.4% of DBC units currently being traded in the market.

This announcement followed up the first important statement that DBC Foundation has made before mentioning repurchasing, regarding the lockup period of 350 million DBC tokens that was previously scheduled for release at the end of January 2018. Now, we know that the lockup is extended to 6 months from the original release date, which means that the lockup period should end by the end of July of 2018.

Further, in their tweet, DBC Foundation added the address containing the repurchasing agreement they have enabled right after the initial announcement. By March 21st, DBC already managed to repurchase 6 million DBC units and the number keeps rising as they are planning on buying off 40 million DBC.

Why DBC thinks that repurchasing of the circulating tokens is important for further development of DeepBrain Chain?

The answer is actually pretty simple: the team thinks that their token is not valued in accordance with its true value and technological capabilities, so they want to repurchase the existing circulating DBC units."


https://globalcoinreport.com/is-deepbra ... -unvalued/

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