Marketing funds example - Sled there is a bigger i
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Posted On: 11/24/2021 9:43:08 AM
Marketing funds example - Sled there is a bigger issue here that I am going to point out in general. The budget for marketing may simply not be enough to make something like SVC go from scratch. $3 million in cash may not cut it.
Take the new up and coming Floki crypto token. It has $25 to $30 million in volume at a minimum, daily. Then 3% of the trade dollar amount is charged as a transaction tax and is used for marketing. That is a minimum of $750,000 per day being used for marketing. This money was partially used to take over underground advertising in London and even made news headlines in doing so. These type of funds constantly being poured in are enough to make Floki and crypto in general go. Sfor has $350,000 in daily volume of trades currently. Crypto may be taking over as what people will invest their $100 in as opposed to the general OTC stock market. And that’s a huge headwind for the OTC as a whole IMO.
Take the new up and coming Floki crypto token. It has $25 to $30 million in volume at a minimum, daily. Then 3% of the trade dollar amount is charged as a transaction tax and is used for marketing. That is a minimum of $750,000 per day being used for marketing. This money was partially used to take over underground advertising in London and even made news headlines in doing so. These type of funds constantly being poured in are enough to make Floki and crypto in general go. Sfor has $350,000 in daily volume of trades currently. Crypto may be taking over as what people will invest their $100 in as opposed to the general OTC stock market. And that’s a huge headwind for the OTC as a whole IMO.
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.